Economy

The Conference Board: Consumers’ Short-Term Outlook May Signal Coming Recession 
Economy
The Conference Board: Consumers’ Short-Term Outlook May Signal Coming Recession 
January 31, 2023

Consumer confidence dipped in January after rising in December, according to The Conference Board. 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...

Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
Economy
Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
January 31, 2023

Inflation and an uptick in new vehicle production have dampened the market for used cars. 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,...

Report: Smartphone and PC Shipments to Fall in 2023
Economy
Report: Smartphone and PC Shipments to Fall in 2023
January 31, 2023

Device shipments will decline this year as cash-strapped consumers postpone smartphone and computer purchases. 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...

BM Technologies Cuts 25% of Workforce Amid ‘New Market Realities’
Economy
BM Technologies Cuts 25% of Workforce Amid ‘New Market Realities’
January 30, 2023

Philadelphia-area digital banking platform BM Technologies (BMTX) is set to cut 25% of its staff. 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,...

More Consumers Will Forgo Travel, Vehicle, Big-Ticket Purchases in 2023
Economy
More Consumers Will Forgo Travel, Vehicle, Big-Ticket Purchases in 2023
January 30, 2023

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 completing this form, you agree to receive marketing communications from PYMNTS and...

Lenders Prepare for Defaults as Recession Looms
Economy
Lenders Prepare for Defaults as Recession Looms
January 30, 2023

Banks and lenders are setting aside funds to cover loan losses out of fear of a recession. 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...

Consumers May Be Pinched as Interest Payments Increase
Economy
Consumers May Be Pinched as Interest Payments Increase
January 27, 2023

Consumers are still spending, but the question remains: For how long? 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 completing...

Jeremy Hunt Wants to Make UK the ‘Next Silicon Valley’
Economy
Jeremy Hunt Wants to Make UK the ‘Next Silicon Valley’
January 27, 2023

Jeremy Hunt has outlined his vision to make the U.K. “the world’s next Silicon Valley.” 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 Data Pegs Two-Year Bite of Inflation at 13.5%
Economy
PYMNTS Data Pegs Two-Year Bite of Inflation at 13.5%
January 25, 2023

The worst is over for inflation, and the impact of rising prices will recede. 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...