Today is Thursday, June 16 and on this day in 1911, IBM was formed and started automating business transactions with punched card-based data tabulating machines. Retail sales unexpectedly dropped in May, while stores sit on an overstock of inventory. Get the Full Story Complete the...
Today is Tuesday, June 14 and margin calls are adding up amid the crypto market’s freefall, while bitcoin’s price is about two-thirds what it was last November. President Biden is in Brussels for the 31s NATO Summit, and the FAA reported that since January, there...
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 —...
