Economy

Markets
SmileDirectClub Shares Slide On New Consumer Protection Law
October 15, 2019

A new California law has sent shares of SmileDirectClub down 12.9 percent on Monday (Oct. 14) and its stock is now down 60 percent since it went public a little over one month ago. Get the Full Story Complete the form to unlock this article...

Economy
World Bank Downgrades India’s GDP Forecast
October 13, 2019

The World Bank has downgraded India’s GDP forecast due to a decrease in domestic demand. 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,...

Economy
Michigan University’s Consumer Survey Shows Continued Economic Rebound 
October 11, 2019

The preliminary results of an Oct. 1-10 survey of American consumers by the University of Michigan show an unexpected upturn, with respondents anticipating larger income gains and lower inflation during the year ahead, the University of Michigan reported on Friday (Oct. 11).   Get the Full...

Economy
Credit Card Interest Rates Rise To Near-Record Levels
October 09, 2019

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
As Unemployment Hits Fresh Low, Signs That US Economy Is Cooling
October 04, 2019

The headline numbers trumpet that the unemployment rate is at a 50-year low. But the latest data points show a more mixed picture — not of where we’ve been but where we are going. Get the Full Story Complete the form to unlock this article...

Markets
New Instagram App Causes Snap Shares To Slide
October 04, 2019

The launch of a new Instagram app caused shares in the owner of Snapchat to fall more than 7 percent–its lowest level in almost four months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Data Points To US Consumer Spending Slowdown
October 03, 2019

Consider the stock market free fall a bit of a lagging indicator — one that seems to be playing catch-up to the U.S. economy’s slowing growth rate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Finance Minister: UK To Exit EU On Oct. 31
September 30, 2019

U.K. Chancellor of the Exchequer Sajid Javid said the country will split from the European Union effective Oct. 31, Reuters reported on Monday (Sept. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Study: Economic Impact Of Internet Tops $2.1T In US
September 26, 2019

New data shows that the internet sector accounted for $2.1 trillion of the U.S. economy in 2018 — about 10 percent of the nation’s gross domestic product (GDP). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...