The partial shutdown of the U.S. federal government – which lasted 35 days, the longest in modern history – cost the U.S. economy $6 billion, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Inflation may keep on truckin’ — literally. 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 daily newsletter, PYMNTS Today. By completing this form, you agree...
Manufacturing-heavy states in the Midwest will be hit hardest by the rise of artificial intelligence (AI) and automation for lower-skilled jobs, according to a new study by Brookings Institution researchers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The U.S. Commerce Secretary Wilbur Ross told CNBC in an interview on Thursday (Jan. 24) that furloughed federal employees should take out loans to pay their bills while the government shutdown stretches into its second month. Get the Full Story Complete the form to unlock...
The economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in part by a no-deal Brexit, and fanned by a consistently slowing Chinese economy. The data from China is less than stellar, showing the slowest...
While the Fed has hinted that it has been adjusting its U.S. economic outlook due to turmoil in the markets as well as decelerating expansion in China, New York Fed President John Williams said on Friday (Jan. 18) that the shutdown has become a hindrance...
Amid losses in the stock market as well as the government shutdown, consumer confidence has reached its lowest point in more than two years: A consumer sentiment survey reading from The University of Michigan dropped from 98.3 in December to 90.7 in the beginning of...
With the stock market selling off in recent weeks, Goldman Sachs is warning that wealthy households will feel some of the pain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
S&P Dow Jones Indices and Experian released data through December of 2018 on Tuesday (Jan. 15) that showed default rates across all loan types increased from November. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
