Economy

Economy
US Household Spending Climbs
November 01, 2019

Consumers boosted their spending in September by 0.2 percent going into the fourth quarter, matching August’s increase but coming in slightly below economists’ expectations, The Wall Street Journal reported on Thursday (Oct. 31). Get the Full Story Complete the form to unlock this article and...

Economy
Tariffs, Trade Tensions Impact Auto Shipping
October 21, 2019

The lingering impacts of various trade wars are refashioning supply chains and slowing the flow of goods across borders and across various logistics corridors — including over the waves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Markets
WeWork Cash Crunch Holds Bankruptcy Threat Next Month
October 18, 2019

WeWork could run out of money by next month — despite the fact that it was valued at $47 billion just nine months ago, making it America’s highest-valued private firm at the time. Get the Full Story Complete the form to unlock this article and...

Economy
Foreign Investors Spent $60B Buying UK Tech Firms Since Brexit Vote
October 17, 2019

Since the Brexit vote three years ago, foreign buyers have announced $60 billion in deals for U.K. tech companies. 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...

Economy
Retail Sales Slump Raises Questions About Consumer Spending
October 16, 2019

One of the laws of physics, loosely phrased, is that an object in motion stays in motion, on its path, until outside forces act to change that path. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
IMF: World Economy Will Grow Only 3 Pct In 2019
October 15, 2019

As the self-inflicted wounds of the trade war between the U.S. and China have made for a “precarious” economic state, the International Monetary Fund (IMF) said worldwide growth is slated to drop to its slowest rate since the global recession in 2009. Get the Full...

Markets
SmileDirectClub Shares Slide On New Consumer Protection Law
October 15, 2019

A new California law has sent shares of SmileDirectClub down 12.9 percent on Monday (Oct. 14) and its stock is now down 60 percent since it went public a little over one month ago. Get the Full Story Complete the form to unlock this article...

Economy
World Bank Downgrades India’s GDP Forecast
October 13, 2019

The World Bank has downgraded India’s GDP forecast due to a decrease in domestic demand. 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,...

Economy
Michigan University’s Consumer Survey Shows Continued Economic Rebound 
October 11, 2019

The preliminary results of an Oct. 1-10 survey of American consumers by the University of Michigan show an unexpected upturn, with respondents anticipating larger income gains and lower inflation during the year ahead, the University of Michigan reported on Friday (Oct. 11).   Get the Full...