April’s consumer price index (CPI) missed Wall Street’s expectations but still dropped for the first time in eight months, coming in at 8.3% compared to 8.5% in March, the U.S. Bureau of Labor Statistics reported on Wednesday (May 11). Economists forecasted that the CPI would come in...
It’s Tuesday, May 10 and the S&P 500 — founded 67 years ago this month — is down 17% since January, Nasdaq is down 20% YTD and crypto is continuing to crash, with bitcoin down 50% from its high. Gas has hit a record-high national...
The cash cushions are dwindling. The credit card balances are a monthly obligation, of course. 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,...
We’re getting used to upheavals and disruptions at this point, but revelations of the extent of paycheck-to-paycheck living in the U.S. are impossible to ignore, and those most affected by this issue are millennials and bridge millennials who are often high earners. Get the Full...
All manner of earnings reports breathlessly herald the arrival of the great snapback. But one wonders, at least for business travel, how long it will be a case of “wheels up.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Executives working with some of the biggest global companies say they’re seeing people becoming less willing to deal with price increases, The Wall Street Journal says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Consumer spending across the U.S. was up 1.1% in March, according to a Friday (April 29) Commerce Department press release. The spending boost was led by increased cash outlays on travel, dining, gasoline and food, although spending on durable goods dropped for the second straight...
The stimulus checks run out, the gambling stops. The meme stock becomes a meme — a cautionary tale about, and for, the retail investor. At least in this trading environment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
When it comes to economic data, there’s the headline number, and then the deeper dive. 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,...
