Several U.S. bank stocks reportedly slipped Monday (Aug. 5) as investors left the sector amid rising fears of a potential recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
On a day when a stock market rout promised to become a full-fledged bloodbath, and as recession fears mounted, the latest spate of economic data on employment is proving to be grist for a gloomy mill. Get the Full Story Complete the form to unlock...
The headline employment numbers from the Bureau of Labor Statistics Friday (Aug. 2) showed that firms added 114,000 jobs in July, and the unemployment rate hit 4.3% — a level not seen since the depths of the pandemic — up 0.2% from June. Get the...
New U.S. unemployment claims have reached their highest level in close to a year. 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, PYMNTS...
American companies added 122,000 jobs this month, while wage growth continued to slow. 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, PYMNTS Today....
The bifurcation in consumer spending — between higher-income and lower-income individuals and households — looks set to widen. 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...
The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace of growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
U.S. business activity rose to its highest level in 27 months in July, S&P Global said Wednesday (July 24). 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...
T.S. Eliot wrote that the world would end not with a bang but a whimper. 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,...
