Economy

Economy
Durable Goods Report Shows Consumer Spending Holding Up Under Strain
June 27, 2022

Durable goods are proving … well, durable. 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...

Economy
US Jobless Claims Remain Near Historic Low
June 23, 2022

Unemployment claims fell last week, remaining near their record low level, an indication of a tight American labor market even amid the threat of a recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Inflation Is Paycheck-to-Paycheck Economy’s Public Enemy
June 22, 2022

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...

Economy
UK Shoppers Feel Squeeze as Average Annual Grocery Bill Rises by £380 YoY
June 21, 2022

The Bank of England recently raised the key interest rate from 1% to 1.25%, and with the bank’s governor warning Britons that more hikes may be on the horizon, U.K. shoppers are experiencing interest rates approaching double figures. Get the Full Story Complete the form...

Markets
Home Sales Prices Top $400K in May in Stalled Market With Higher Interest Rates
June 21, 2022

The median price of an existing U.S. home jumped 14.8% year over year in May to a record-setting $407,600, even as higher mortgage interest rates continue to add complexity to the market for buyers, according to a report in The Wall Street Journal Tuesday (June...

Markets
Malaysia’s Carsome Group Puts Brakes on US-Singapore Dual Listing
June 21, 2022

Carsome Group is putting off plans to dual list as a publicly traded company on exchanges in the United States and Singapore because executives are concerned a decline in global financial conditions could reduce valuations for the used-car marketplace, Bloomberg reported Tuesday (June 21). Get...

Economy
Yellen Expects Inflation Through 2022, Economic Slowdown
June 19, 2022

There’s a high likelihood that the “unacceptably high” prices of recent months won’t recede in 2022, according to Treasury Secretary Janet Yellen, a report from Bloomberg said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
PYMNTS Data: Two-Thirds of Consumers Not Sympathetic to Restaurants’ Labor Challenges
June 17, 2022

As restaurants continue to struggle with labor challenges, not all consumers are sympathetic to the difficulties they are facing — the majority are not even cognizant of them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
PYMNTS AM Radar: Payments Perk; All Hands; A Dash of C; Great FinTech Refocus; ICYMI
June 17, 2022

Today is Friday, June 17 and the national average price for a gallon of gas is $5; last year on this day it was $3.08. Today is also Dump the Pump Day, which encourages commuters nationwide to save gas and take the bus or train...