Economy

Economy
Fed’s Beige Book Portends Slowdown for Main Street Retail Mainstays
September 06, 2023

Modest growth is in the cards, and for Main Street stalwarts among smaller businesses — namely in retail — the pressure is mounting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Business Bankruptcies Rise 17% in August Due to Interest Rates
September 05, 2023

Business bankruptcies reportedly experienced a sharp increase in August, with more companies seeking court protection from their creditors. 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
Factory Order Data Underscores Need for Robust Inventory Management — and Financing
September 05, 2023

The U.S. Commerce Department said Tuesday (Sept. 5) that orders for U.S. manufactured goods were down in July, by 2.1%, a reversal from four straight monthly gains. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Markets
Robinhood to Repurchase Bankman-Fried’s Former Stake From US Government
September 01, 2023

Online brokerage Robinhood has reached an agreement with the U.S. Marshal Service (USMS) to repurchase shares from Sam Bankman-Fried’s Emergent Fidelity Technologies. 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
Healthcare, Leisure and Hospitality Lead Job Gains in August
September 01, 2023

The U.S. economy added 187,000 jobs in August, with the healthcare and the leisure and hospitality sectors leading the way. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
How Consumers Have Learned to Live With Inflation
September 01, 2023

Death and taxes are the only certainties in life, they say. 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...

Economy
Temporary Employment Declines as Workers Migrate to Permanent Roles
August 31, 2023

Temporary employment is reportedly experiencing a decline in the United States as workers and employers alike shift to permanent positions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
Report: Fed Likely to Hold Interest Rates Despite Higher Consumer Spending
August 31, 2023

The Federal Reserve is reportedly likely to keep interest rates where they are when it meets in September even though economic activity has remained unexpectedly strong. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Retail Earnings Reports Signal Shopper Hesitancy Going Into Holiday Shopping Season
August 31, 2023

Merchants focused on nonessentials are restrategizing as shoppers predict a long way until inflation’s end. 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,...