Bank of America Chief Financial Officer Alastair Borthwick said customers continue to borrow money and to spend, Bloomberg reported, citing his remarks at a Morgan Stanley conference. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The balance transfers are upon us. 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...
As grocery prices continue to soar, consumers are adjusting their behaviors. Rather than remaining loyal to their favorite food and beverage brands as they become increasingly expensive, many grocery shoppers are swapping out their usual items for lower-cost alternatives. Get the Full Story Complete the...
The consumer sentiment for June is worsening, according to the monthly Survey of Consumers by the University of Michigan, with the index sitting at 50.2, the lowest ever recorded, a report from Seeking Alpha said. Get the Full Story Complete the form to unlock this...
Gas prices are breaking new records, with multiple sources revealing that about $5 per gallon is becoming the national average. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Double-digit increases in the price of gasoline and food combined to push the overall Consumer Price Index 8.6% higher in May, a move that not only topped economists’ already pessimistic fears but marked a fresh 41-year high in the cost of basic everyday life. Get...
New unemployment applications climbed last week above the pre-pandemic average for the first time since January, the U.S. Labor Department reported Thursday (June 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Payrolls grew the most in leisure and hospitality in May, reflecting a shift in consumer demand from goods to services as the world continues reopening post-pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The extent of paycheck-to-paycheck living — and the nuances within that broad categorization — are becoming more relevant and critical to consumers now than at any point in decades given a painful convergence of economic recovery slowed by war, disease and economics. Get the Full...
