For merchants selling to low-wage consumers, the competition isn’t simply over who offers the lowest price. It’s over whether the purchase can clear a tight household budget in the first place. The PYMNTS Intelligence report “The Labor Economy Follows a Different Consumer Playbook,” found in...
The American consumer is still spending, but the Federal Reserve’s latest survey makes it increasingly difficult to speak of all consumers as though they were experiencing the same economy. The Fed’s August Beige Book, based on information collected through Aug. 24, found that consumer spending...
Polymarket’s investigations head is reportedly promising to police trading ahead of this fall’s midterm elections. In an interview with Reuters published Monday (Aug. 31), Shauna Bautista said the prediction market is working to keep U.S. users away from its international platform. “I’m confident that I’m...
AI’s accelerating economic impact is getting a trusted, independent source to measure how adoption is evolving. Crypto.com and PYMNTS announce an exclusive two-year partnership to launch AI Predictions Market Contracts on OG Prediction Markets, an exchange and clearinghouse regulated by the Commodity Futures Trading Commission...
Dollar stores are getting more business from middle- and high-income households at the same time that their traditional low-income customers remain under pressure from the cost of necessities. The split was visible in second-quarter earnings results reported Thursday (Aug. 27) by Dollar General and Dollar...
Prediction markets are expanding under federal protections that remains contested in court, while Congress has yet to advance legislation settling how they should operate. The result is an unstable regulatory landscape in which federal registration offers platforms neither assured nationwide access nor insulation from state...
The FIFA World Cup 2026 generated $3.5 billion in total economic impact across New York and New Jersey, New York Gov. Kathy Hochul said in a Wednesday (Aug. 26) press release. Citing a study conducted by Tourism Economics, an Oxford Economics company, Hochul said World...
Inflation remained stubborn in July, but consumers got something they have not always had during the recent run-up in prices: income growth that gave them more purchasing power without prompting another burst of spending. The Personal Consumption Expenditures (PCE) price index rose 0.2% in July...
Consumer confidence barely moved in August, but the stability of the headline number conceals two trends that matter for spending: Americans feel better about the jobs they have today, while confidence about jobs, income and business conditions six months from now is weakening. The Conference...