An end to the government shutdown could be in sight, according to Goldman Sachs. Increasing operational and political pressures could push lawmakers to striking a compromise, an analysis by the Wall Street bank said, per a report Monday (Nov. 3) by Seeking Alpha. The analysis...
On the surface, consumer spending has proved durable as headline retail sales and credit data remain solid. Yet beneath those numbers, a different current is building, one showing that lower-income consumers are shifting where they’re spending their wages. Chipotle Flags Pressure on Value-Conscious Diners Nowhere...
The government shutdown is putting at risk $3 billion a week that would have been earned by 65,500 small business contractors, the U.S. Chamber of Commerce said in an article posted Thursday (Oct. 30). That revenue is at risk because the contractors’ work can come...
The Congressional Budget Office said Wednesday (Oct. 29) that the government shutdown could reduce real gross domestic product by between $7 billion and $14 billion, depending on how long the shutdown lasts. A four-week shutdown would cost $7 billion, a six-week shutdown would cost $11...
Prediction market Polymarket reportedly plans to launch trading in the United States by the end of November. The company will focus on sports betting in the U.S., and the trading will initially be limited to select participants, Bloomberg reported Tuesday (Oct. 28), citing unnamed sources....
Consumer confidence edged down in October as the outlook among Americans grew more cautious heading into the year’s final months. The latest Conference Board Consumer Confidence Index slipped by 1 point to 94.6, from 95.6 in September, marking its lowest level since spring. Beneath the...
The first inflation data since the start of the October government shutdown offered the clearest signal in weeks on how prices continue to shape household behavior. Headline inflation rose 0.3% in September following a 0.4% increase in August, pushing the annual rate to 3%, the...
The prediction-market moment is here. At its best, the embrace of events-based contracts could represent a new asset-class: event outcomes traded with derivatives-grade infrastructure transparency and liquidity. At its worst, it could serve as a potential regulatory arbitrage path around state gaming laws, one with...
PYMNTS Intelligence has been tracking the impact of tariffs on global trade and corporate strategy since they first became a flashpoint in international markets. Through direct surveys of executives across sectors, we’ve chronicled how tariffs and regulatory shifts inject uncertainty into corporate planning, and how...