The Conference Board said Thursday (Aug. 20) that the Leading Economic Index’s (LEI) six-month growth rate turned positive for the first time in more than four years. The LEI’s six-month growth rate for January to July was positive, with an increase of 0.2%, while that...
Tariffs alone cannot explain the persistence of 3% inflation in 2025, three Federal Reserve Bank of Boston economists wrote in an article posted Wednesday (Aug. 19). While U.S. tariffs rose from 2.5% to 10% in 2025, productivity gains partially offset that increase in costs, and...
New Goldman Sachs research suggests industries with greater artificial intelligence (AI) exposure could be rethinking their hiring options. The impact of AI varies according to industry and levels of seniority, the banking giant said in the report “Global Economics Comment: Is AI Impacting Global Labor...
July’s retail sales decline landed in the middle of a much more deliberate reset in household spending. Consumers are still buying, in select categories. But PYMNTS Intelligence data show how aggressively they are working the budget first, from switching brands and merchants to hunting discounts...
Jobless claims inched up last week in a move Bloomberg reported could be due to seasonal employment patterns. There were 209,000 initial claims for unemployment insurance during the week ended Friday (Aug. 8), a figure that was up 9,000 from the previous week’s revised level....
DraftKings has rolled out a new rewards currency called Crown Cash that powers the company’s loyalty program, DraftKings Rewards, and makes it easier to view and use rewards across eligible DraftKings experiences, the digital sports and gaming company said in a Wednesday (Aug. 12) press...
Consumers are getting some inflation relief, at least in terms of the slowdown in price increases. They’re just not necessarily getting it on the bills that determine how much money is left at the end of the month. As the Bureau of Labor Statistics reported...
Odysseus had no Visa, no Venmo and no helpful fraud alert from Ithaca National Bank warning that a palace full of unfamiliar men was charging dinner to his household. Yet his financial life was a mess: years away from home, a fleet written off, a...
The economy is beginning to inspire confidence again, but Americans are not convinced that confidence will arrive in their own wallets anytime soon. That disconnect sits at the center of a PYMNTS Intelligence report, “The Confidence Divide: Why Americans Trust the Economy More Than Their...