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...
CEOs are generally feeling more optimistic, but clouds remain on the horizon. The Q3 2026 installment of the Conference Board’s CEO Confidence™ report, released Thursday (Aug. 6), shows an improvement in sentiment. The CEO Confidence Index rose to 52 in the third quarter of 2026...
The Federal Reserve Bank of Dallas and the Federal Reserve Bank of New York plan to launch a pilot survey of the U.S. private credit market. The organizations expect to launch the survey after the end of the third quarter and publish aggregate level findings...
Artificial intelligence (AI)-related developments could be driving around one-third of America’s economic growth. That’s according to a report Tuesday (Aug. 4) from the Wall Street Journal (WSJ), which pointed to three factors behind this trend. First, there are the tech companies spending and borrowing billions...