Economy

Economy
Why The Loan Shark Prevention Act Will Harm Consumers
May 13, 2019

Let’s hop into the time travel machine this Monday morning and go back to the year 1973. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Economy
Silicon Valley Is Losing Its Luster With Millennials
April 18, 2019

Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Online Lenders Prepare For A Recession
April 15, 2019

Online lenders in the U.S. including LendingClub, Kabbage, and Avant are gearing up for a slowdown in the economy and are taking a look at their risk exposure as they prepare for what they see as the inevitable. Get the Full Story Complete the form...

Economy
IMF Forecasts Decrease In Growth For Slowed Global Economy In 2019
April 09, 2019

The International Monetary Fund (IMF) has released a new forecast about worldwide economic growth that shows the global economy is faltering, according to a report in The Wall Street Journal.   Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Demand For Eurozone Loans Flat At Start Of 2019
April 09, 2019

Despite interest rates hovering near record lows, demand for loans by eurozone businesses was flat at the start of the year, increasing the likelihood the European Central Bank will have to make moves to boost the economy. Get the Full Story Complete the form to...

Economy
Dimon Sees Progress In Economy, Promise In AI
April 05, 2019

JPMorgan CEO Jamie Dimon’s shareholder letters are closely read for pearls of insight about the economy, the investment climate and even for nuggets about America’s standing in the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Hiring Boom Sees 196K New Jobs In US
April 05, 2019

Following a slowdown in February, hiring in the United States rebounded in March, when non-farm payrolls rose by a seasonally adjusted 196,000 jobs. That figure exceeded a 175,000 increase from a survey of economists, The Wall Street Journal reported. Get the Full Story Complete the...

Economy
NY Fed Says US Household Debt Higher, But Not A Risk
April 04, 2019

A little over a decade ago, something nearly unprecedented happened in the American economy: household debt contracted instead of growing. After hitting a peak a little north of $12 trillion in 2008, household debt began contracting in 2008 and kept falling through 2012, according to...

Economy
IMF Director: The Global Economy Has Slowed
April 02, 2019

The managing director of the International Monetary Fund (IMF) said economic growth around the world has slowed down, which has left things in a precarious position, according to a report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited...