Snap has issued a profit warning, saying it will cut back on hiring and spending, part of a larger trend of social media companies struggling to adapt to a changing digital advertising market, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the...
Swedish buy now, pay later (BNPL) FinTech Klarna will lay off about 10% of its staff due to the effects of inflation and the Russia-Ukraine war, Klarna CEO and Co-Founder Sebastian Siemiatkowski said in a Monday (May 23) announcement. Get the Full Story Complete the...
The fundamental principle of economics, of business in general, boils down to matching supply with demand. 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...
Where there’s smoke, there’s fire. 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...
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...
Speaking at an event, Wells Fargo CEO Charlie Scharf said it’s almost a given that the U.S. is heading for an economic downturn, The Wall Street Journal reported Tuesday (May 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The pace of retail sales in the U.S. slowed for the fourth consecutive month in April as higher prices offset curtailed spending enough to lift the key economic benchmark by 0.9%. While still positive, that rate is down from a revised 1.4% increase posted in...
Goldman Sachs Senior Chairman Lloyd Blankfein said a U.S. recession is at “very, very high risk,” warning that companies and consumers alike should be ready, Bloomberg reported Sunday (May 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Those looking for a ray of economic sunshine amid inflationary clouds might not find it in April’s Consumer Price Index (CPI), which is lower than March but still historically high. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
