Economy

Economy
Consumers Pull Back on Spending; Companies Cut Costs
December 29, 2023

Companies are reportedly facing the reality of limited pricing power as demand weakens and consumers become more price sensitive. 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
Jobless Claims Creep up for Second Consecutive Week
December 28, 2023

Unemployment claims keep climbing, although some economists are still reportedly confident in the labor market. 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
Falling Prices Point to Soft Landing for Economy
December 22, 2023

The latest data from the Commerce Department reportedly adds to the indicators that inflation in the United States is approaching the Federal Reserve’s target. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Weekly Jobless Claims Rise Less Than Economists Expected 
December 21, 2023

The number of initial claims for unemployment insurance rose by 2,000 during the week ended Dec. 16.  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...

Economy
Analysts and Money Managers Divided on Economic Growth Prospects 
December 20, 2023

As 2024 approaches, analysts are reportedly reassessing their predictions for a U.S. recession that had been anticipated for the past two years.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Business Bankruptcies Jump as COVID Relief Ends
December 18, 2023

The end of pandemic relief and steep interest rates have ramped up corporate bankruptcies. 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...

Economy
JPMorgan Chase on Why Businesses Are ‘Cautiously Optimistic’ Headed Into 2024
December 15, 2023

Asked by Karen Webster to offer up her thoughts on the state of the U.S. economy and how businesses are approaching 2024, Ginger Chambless, head of research at J.P. Morgan Chase Commercial Banking, offered up a two-word crystallization: “cautiously optimistic.” Get the Full Story Complete...

Economy
Buy Now Pay Later Helped Boost November Retail and Restaurant Sales
December 14, 2023

The headlines across various media outlets in the wake of the latest retail sales report zeroed in on the fact that the expectations had been for a decline. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Competition for Consumers’ Grocery Spending Heats up Among Discount Retailers
December 13, 2023

After years of trade-down in grocery and discount retailers’ consequent efforts to woo consumers with their food and beverage offerings, the space has grown significantly more competitive. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...