Economy

Economy
Consumer Spending Drives US GDP Up 2 Pct
December 22, 2019

With the current U.S. economy indicating brief warning signals of a slowdown in the last quarter to a .5 percent annual rate or lower, the year will still finish with strong figures, thanks to the resilience of consumers, a healthy labor market, the Federal Reserve’s...

Economy
Paris Strikes Drive 30 Pct Drop In Sales For Paris Retailers
December 16, 2019

Current strikes in France over a potential pension overhaul have adversely affected retail sales during the holiday season, according to a report by Bloomberg.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Report: Early Holiday Sales Up 2.2 Pct. YOY
December 05, 2019

A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Q4 Economic Readings May Show Growth, After All
December 03, 2019

From no growth to, well, growth. From economic doldrums to a healthy, if not robust, picture. 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...

Economy
U.S. Economic Growth ‘Still On Track’
November 28, 2019

While the U.S. economy is going into the fourth quarter strong, there are concerns about weaker consumer spending this holiday season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Consumers Drive Q3 US Economic Growth
November 27, 2019

October saw a rise in consumer spending, according to a report by Reuters. 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....

Economy
US Businesses Tap The Brakes On Spending
November 24, 2019

Economic uncertainty and fear of the unknown have prompted big businesses to pull the plug on investments and reduce spending, The Wall Street Journal (WSJ) reported Sunday (Nov. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Fed Report Details Steps To Prevent ‘Severe Consequences’ Of Stablecoin Crisis
November 17, 2019

The U.S. Federal Reserve Board has issued a warning about a possible stablecoin crisis and its impact on the global economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
UK Sees Biggest Economic Slowdown In Nearly A Decade
November 11, 2019

The U.K. economy ducked a recession but the economy grew at its slowest annual rate since the third quarter in 2010, Reuters reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...