Economy

Economy
Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
September 13, 2023

Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers. 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...

Economy
Inflation’s Resurgence Threatens ‘Nonessential’ Spending at Grocers, Retailers
September 13, 2023

Inflation has notched a milestone this summer, reaching its highest level for the year. 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...

Economy
Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
September 13, 2023

Goldman Sachs CEO David Solomon reportedly expressed uncertainty about the U.S. economic outlook while highlighting the potential for a soft landing. 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...

Economy
Truist Financial Plans ‘Sizable Reductions’ in Jobs, $750 Million Cut in Expense
September 11, 2023

Truist Financial will make “sizeable reductions” in its workforce from the third quarter through the first quarter of 2024. 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...

Economy
Consumers Adjust Spending as They Think Credit’s Getting Harder to Obtain
September 11, 2023

Consumers are less sanguine about their financial situations — especially when it comes to obtaining credit. 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...

Economy
Budget-Constrained Consumers Prioritize Dining Out
September 11, 2023

As consumers continue to feel the impacts of years of economic challenges, those who are struggling the most continue to spend indulgently on restaurant dining. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Consumer Expenditures Leap 9% in 2022 as ‘Everyday’ Spend Grows Faster Than Income
September 08, 2023

The year 2022 marked a continued emergence from the pandemic, and new data show just how much — and how fast — we spent our take home pay to keep things going. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
The Consumer’s Sweet Tooth Drives Grocery Store Indulgences
September 07, 2023

As consumers continue to allow themselves small indulgences amid ongoing inflation, many continue to opt for sweets at the grocery store. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
US Unemployment Claims Hit Lowest Level in 7 Months
September 07, 2023

The American job market is still tight, at least according to one new measure. 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...