The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The headline numbers trumpet that the unemployment rate is at a 50-year low. But the latest data points show a more mixed picture — not of where we’ve been but where we are going. Get the Full Story Complete the form to unlock this article...
The launch of a new Instagram app caused shares in the owner of Snapchat to fall more than 7 percent–its lowest level in almost four months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Consider the stock market free fall a bit of a lagging indicator — one that seems to be playing catch-up to the U.S. economy’s slowing growth rate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
U.K. Chancellor of the Exchequer Sajid Javid said the country will split from the European Union effective Oct. 31, Reuters reported on Monday (Sept. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
New data shows that the internet sector accounted for $2.1 trillion of the U.S. economy in 2018 — about 10 percent of the nation’s gross domestic product (GDP). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Bank for International Settlements said the world’s biggest banks are actually more resilient and pose less of a risk to the economy than before the financial crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Boston Federal Reserve president think that co-working spaces could ultimately hurt the economy, and even worsen the next U.S. recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The most common association with the term “social credit score” is with China. Since roughly 2014, the Chinese government has been working on the system, which is designed to be a “method to perfect the socialist market economy system, accelerating and innovating social governance,” according...
