America’s furniture sellers could soon face additional tariffs on imports. Last week, President Donald Trump announced on social media that the government was probing furniture imports to the U.S., an investigation set to wrap up within 50 days. Tariffs could come “at a rate yet...
New orders for manufactured durable goods declined by 2.8% in July, marking the third decline in four months, but rising orders for the “core capital goods” subset of that total signaled an increase in business spending. Orders for manufactured durable goods decreased by $8.8 billion to...
There’s good news and bad news these days when it comes to the American labor market. On the plus side, The Wall Street Journal (WSJ) said in a report Saturday (Aug. 23), unemployment is still low, with companies showing little interest in carrying out layoffs....
The number of Americans who have filed a continued claim for unemployment benefits has reached its highest level since Nov. 6, 2021. Insured unemployment reached 1,972,000 during the week ended Aug. 9, a figure that was 30,000 higher than the previous week’s level and the...
If you’ve been planning to buy Sony’s PlayStation 5, expect to pay a bit more. “Similar to many global businesses, we continue to navigate a challenging economic environment,” the tech company wrote in a company blog post Wednesday (Aug. 20). “As a result, we’ve made...
A growing number of American companies plan to slow hiring in the latter half of this year. Twenty percent of employers say they’ll bring on fewer workers this year, The Wall Street Journal reported Thursday (Aug. 21), citing data from The Conference Board. That figure is...
Firms’ year-ahead inflation expectations remain “relatively unchanged” at 2.3%, on average, the Federal Reserve Bank of Atlanta said in a Wednesday (Aug. 20) press release about its August Business Inflation Expectations (BIE) Survey. That figure is the same as the 2.3% recorded in the July...
The U.S. middle class is more than a household income bracket. The American middle class has always been the heartbeat of the U.S. economy. The symbol of the American Dream. The chance to own a home, raise a family and build a better future. For...
Tariffs are visibly squeezing the budgets of the most financially vulnerable consumers in the United States. Now, new research from PYMNTS Intelligence reveals a more subtle yet pervasive erosion of financial stability across a broader spectrum of households, which in turn may impact credit risk....