Consumer prices rose 8.5% in March compared to 2021, the biggest surge in 40 years as Russia’s invasion of Ukraine continues to drive energy prices up and lawmakers attempt to reel in runaway prices, according to a Tuesday (April 12) report from the Bureau of Labor...
Economists are forecasting that there is a 28% probability that the country could fall into a recession sometime during the next 12 months, up from 18% in January and 13% last April, The Wall Street Journal reported on Monday (April 11). Get the Full Story...
The month of March marked the ongoing return to pre-pandemic consumer spending, Mastercard said Wednesday (April 6) in its Spending Pulse report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Bank of America will bring its U.S. workers, vaccinated or not, back to the office by June 1, Bloomberg reported Tuesday (April 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Inflation is letting some air out of pricey, coveted consumer packaged goods (CPG) name brands amid evidence that shoppers feel pinched and are shifting to discount labels and stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The latest data from the car industry might point to some troubling signs for the U.S. consumer’s propensity to spend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Apple and chipmaker Qualcomm have been bumped from J.P. Morgan’s list of most-preferred stocks, analysts said Friday (April 1), as demand continues to slow for smartphones, according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Private equity firm Bain Capital is considering a possible sale of Japan’s Toshiba Corp. in a move designed to carry out foreign shareholders’ wish to take the company private. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The U.S. economy picked up 431,000 new jobs in March as the unemployment rate dropped to a pandemic low of 3.6% from 3.8% last month, marking one of the fastest economic rebounds in decades, according to data released Friday (April 1) from the U.S. Bureau...
