The holiday shopping season is kicking into full gear, and this year tariffs are again shaping the economics of the checkout line. After months of shifting trade rules, merchants appear ready to navigate the turbulence without derailing demand. Retailers Lead in Tariff Confidence PYMNTS Intelligence...
America’s travel economy suffered $1 billion in lost spending in the week since the government shutdown began, the U.S. Travel Association said Wednesday (Oct. 8). The nonprofit organization representing the travel industry said in a press release that the economic fallout from the shutdown topped...
JPMorgan Chase CEO Jamie Dimon declined to rule out the possibility of a recession in 2026, saying Tuesday (Oct. 7) that he will “hope for the best, plan for the worst.” During an interview with Bloomberg Television, when asked if he is “worried about” the...
The Federal Reserve reportedly may be getting close to ending the reduction of assets on its balance sheet, a quantitative tightening process that began in 2022 as the central bank sought to reverse the asset purchases it made to stimulate the economy during the pandemic....
Haver Analytics reported calculated that unemployment claims in the United States rose marginally during the last week of September. In the week ended Sept. 27, the number of initial claims for unemployment benefits reached 224,269, up from the previous week’s 218,589, Reuters reported Monday (Oct....
Tariffs are ramping up prices for U.S. consumer goods despite moderating inflation. As the Financial Times (FT) reported Sunday (Oct. 5), government data and company statements are indicating price increases on a range of products after companies sold off inventories and began transferring the cost...
Goldman Sachs Group reportedly calculated that initial claims for unemployment benefits in the United States inched up from 218,000 to 224,000 during the week ended Saturday (Sept. 27). The bank published these figures because the federal government shutdown prevented the Labor Department from releasing the...
As of the end of September, this year has seen the highest number of job cuts since 2020 and the lowest amount of planned hiring since 2009, Challenger, Gray & Christmas said Thursday (Oct. 2). The year-to-date total of job cuts is 946,426, which is...
Tariff risks and uncertainty have become systemic to businesses. Over 2,000 publicly traded companies in the United States mentioned tariffs during their quarterly earnings calls this year, the most in recorded history, The Wall Street Journal reported. According to estimates from JPMorgan, the average effective...