Bank of America CEO Brian Moynihan is forecasting an easing of tariff-related tensions next year. Moynihad said during an interview Sunday (Dec. 28) with CBS News that he thinks the President Donald Trump administration will commit to “de-escalation, not escalation,” with an average of 15%...
There was a decline in initial claims for unemployment together with an increase in insured employment last week. Observers said this combination reflected a continuation of a “no hire, no fire” labor market. During the week ended Saturday (Dec. 20), there were 214,000 initial claims,...
By year-end, one conclusion from PYMNTS Intelligence’s The Certainty Project series is hard to miss: Uncertainty rarely arrives as a single shock. It compounds, as we saw this year, jumping from cyber risk to payment fraud to shifting trade rules. Then it shows up in...
Who could’ve predicted the run that prediction markets have had in 2025? These novel platforms, which let participants trade contracts tied to the outcomes of real-world events, entered a decisive phase of commercial and regulatory expansion over the past year. Formerly forced offshore, 2025 saw...
Two new sets of data show consumers are spending strongly but not feeling confident. U.S. gross domestic product climbed at a seasonal and inflation-adjusted 4.3% annual rate in the quarter running from July through September, the Commerce Department’s Bureau of Labor Statistics said Tuesday (Dec....
U.S. middle-market companies are making high-stakes decisions with less visibility and less time, as tariffs collide with delayed economic data and cooling demand, forcing product leaders into defensive mode. That is the central finding of “Tariffs Turn Up the Heat as Product Leaders Confront Peak Uncertainty,”...
Rising prices are reshaping not just household budgets but the financial relationship between generations. Younger and older consumers in the United States are responding to the same pressures in different ways, according to the November edition of PYMNTS Intelligence’s Generational Pulse Report, “Economic Pressures Split...
Coinbase has become the latest financial platform to enter the prediction market game. The cryptocurrency exchange announced Wednesday (Dec. 17) that it would begin to allow access to prediction markets in the U.S., part of a broader swath of new offerings announced at its “Coinbase System Update” event....
After weeks of a government shutdown, economic data continue to roll in, and the latest inflation figures sketch a picture that is far from definitive. In a nutshell, and per Bureau of Labor Statistics data from Thursday (Dec. 18), price growth is cooling overall but...