Larry Summers, former Secretary of the Treasury, in a series of tweets criticized the Biden administration for allegedly trying to use antitrust policy to fight inflation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Louisville, Kentucky — which was a major delivery hub for U.S. carriers even before the COVID-19 pandemic turbo-charged online shopping — is suffering a severe labor shortage, the Wall Street Journal reported Wednesday (Dec. 22). Get the Full Story Complete the form to unlock this...
After months of anecdotal evidence and first-hand experience, new government data has confirmed and “put a number on” what most consumers already know all too well: food has gotten very expensive, especially if it is being brought in from overseas. Get the Full Story Complete...
The stimulus checks are largely disbursed. New COVID-19 variants are here. Inflation is running at record highs. 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...
U.S. economic recovery could stall if the estimated 65 million households receiving monthly child tax credits are cut off at the end of the year, Goldman Sachs economist Jan Hatzius said in a note to clients Sunday (Dec. 19), according to reports. Get the Full...
Consumers’ perception of the economy has darkened since the spring. While 32% of consumers were pessimistic about the economy in May, that figure rose to 40% by October, according to Reality Check: The Paycheck-to-Paycheck Report, a PYMNTS and LendingClub collaboration based on surveys of more...
CEOs for the airlines American, United and Southwest are slated to come before the Senate Committee on Commerce, Science and Transportation Wednesday (Dec. 15), Seeking Alpha reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Wholesale prices increased 9.6% in November compared to the same time in 2020, marking their biggest year-to-year jump on record and presenting another sign that inflation is becoming a bigger economic issue, according to a U.S. Labor Department report on Tuesday (Dec. 14). Get the...
Consumer sentiment in the U.S. rose to 70.4 for December of this year, a slight improvement from the 10-year low logged last month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
