Consumer prices accelerated in August, adding to household expenses at a time when many financially constrained consumers have already reduced the discretionary spending they can most easily cut. The Consumer Price Index, released Friday (Sept. 11) by the Bureau of Labor Statistics, rose 0.4% in...
Americans aren’t expecting a wave of pink slips, but they’re becoming less confident about what would happen if they needed another job. The Federal Reserve Bank of New York’s August Survey of Consumer Expectations found that the mean probability consumers assign to unemployment being higher...
For merchants selling to low-wage consumers, the competition isn’t simply over who offers the lowest price. It’s over whether the purchase can clear a tight household budget in the first place. The PYMNTS Intelligence report “The Labor Economy Follows a Different Consumer Playbook,” found in...
The American consumer is still spending, but the Federal Reserve’s latest survey makes it increasingly difficult to speak of all consumers as though they were experiencing the same economy. The Fed’s August Beige Book, based on information collected through Aug. 24, found that consumer spending...
Polymarket’s investigations head is reportedly promising to police trading ahead of this fall’s midterm elections. In an interview with Reuters published Monday (Aug. 31), Shauna Bautista said the prediction market is working to keep U.S. users away from its international platform. “I’m confident that I’m...
AI’s accelerating economic impact is getting a trusted, independent source to measure how adoption is evolving. Crypto.com and PYMNTS announce an exclusive two-year partnership to launch AI Predictions Market Contracts on OG Prediction Markets, an exchange and clearinghouse regulated by the Commodity Futures Trading Commission...
Dollar stores are getting more business from middle- and high-income households at the same time that their traditional low-income customers remain under pressure from the cost of necessities. The split was visible in second-quarter earnings results reported Thursday (Aug. 27) by Dollar General and Dollar...
Prediction markets are expanding under federal protections that remains contested in court, while Congress has yet to advance legislation settling how they should operate. The result is an unstable regulatory landscape in which federal registration offers platforms neither assured nationwide access nor insulation from state...
The FIFA World Cup 2026 generated $3.5 billion in total economic impact across New York and New Jersey, New York Gov. Kathy Hochul said in a Wednesday (Aug. 26) press release. Citing a study conducted by Tourism Economics, an Oxford Economics company, Hochul said World...