Economy

Economy
Millions Of Americans Have Nothing Saved For Retirement
May 24, 2019

The job market may be strong and wages may be increasing, but scores of workers in the U.S. have little in the way of savings for retirement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
China Tariffs Could Cost Americans $831 A Year
May 23, 2019

The New York Federal Reserve Bank published research on Thursday (May 23) saying that increased U.S. tariffs on Chinese imports will cost the typical American household $831 a year, according to a report by Reuters. Get the Full Story Complete the form to unlock this...

Markets
Moody’s Lowers Equifax Rating After Cyberattack
May 23, 2019

Moody’s has lowered its rating outlook on Equifax due to cybersecurity issues. 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, PYMNTS Today. By...

Economy
When Brexit Literally Turned Into A Food Fight
May 21, 2019

Usually, when a situation is described as a food fight, the term is used in a colorful way. Adults, after all, do not normally throw food at each other – and so the claim typically signals that the participants in the dispute have regressed to...

Markets
Chinese Coffee Co Luckin Has Strong Nasdaq Debut
May 17, 2019

Shares in Chinese coffee company Luckin Coffee surged about 50 percent in the company’s debut on the Nasdaq on Friday (May 17), according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Retail Sales Seesawing In 2019
May 15, 2019

Retail sales in the U.S. declined in April, according to the latest figures released by the Commerce Department. Retail sales were down 0.2 percent in April, following an unexpectedly large 1.7 percent jump in March (an upward revision of the 1.6 percent increase originally reported)....

Markets
Uber’s Fall To Give Rise To Investor (IPO) Caution?
May 14, 2019

In the wake of what can only be termed a disappointment, Uber’s IPO may paint other companies that are newly public or aiming to come public with a broad, and decidedly negative, brush. Get the Full Story Complete the form to unlock this article and...

Economy
Canada’s Insolvencies Jump In March To Highest Level In Eight Years
May 13, 2019

Consumers in Canada filed 11,963 insolvencies in March, up 5 percent from a year ago and the highest number in eight years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Why The Loan Shark Prevention Act Will Harm Consumers
May 13, 2019

Let’s hop into the time travel machine this Monday morning and go back to the year 1973. 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...