JPMorgan Chase wants to focus $1.5 trillion on “industries critical to national economic security.” To that end, the banking giant announced in a Monday (Oct. 13) press release the Security and Resiliency Initiative, a 10-year plan to “facilitate, finance and invest” in said industries. As...
Consumer sentiment paused its late-summer slide in October, but the story behind the headline hasn’t changed: households remain fixated on high prices and a softening job outlook, and they don’t expect quick improvement. Pocketbook issues like high prices and weakening job prospects remain at the...
Subprime borrowers are reportedly having a harder time keeping up with their car payments. A record-high share, more than 6%, of these consumers are 60 days or more overdue on their payments, while the share of other borrowers who are delinquent has remained steady, The...
The holiday shopping season is kicking into full gear, and this year tariffs are again shaping the economics of the checkout line. After months of shifting trade rules, merchants appear ready to navigate the turbulence without derailing demand. Retailers Lead in Tariff Confidence PYMNTS Intelligence...
America’s travel economy suffered $1 billion in lost spending in the week since the government shutdown began, the U.S. Travel Association said Wednesday (Oct. 8). The nonprofit organization representing the travel industry said in a press release that the economic fallout from the shutdown topped...
JPMorgan Chase CEO Jamie Dimon declined to rule out the possibility of a recession in 2026, saying Tuesday (Oct. 7) that he will “hope for the best, plan for the worst.” During an interview with Bloomberg Television, when asked if he is “worried about” the...
The Federal Reserve reportedly may be getting close to ending the reduction of assets on its balance sheet, a quantitative tightening process that began in 2022 as the central bank sought to reverse the asset purchases it made to stimulate the economy during the pandemic....
Haver Analytics reported calculated that unemployment claims in the United States rose marginally during the last week of September. In the week ended Sept. 27, the number of initial claims for unemployment benefits reached 224,269, up from the previous week’s 218,589, Reuters reported Monday (Oct....
Tariffs are ramping up prices for U.S. consumer goods despite moderating inflation. As the Financial Times (FT) reported Sunday (Oct. 5), government data and company statements are indicating price increases on a range of products after companies sold off inventories and began transferring the cost...