JPMorgan CEO Jamie Dimon has said there’s likely to be a global recession by the middle of 2023 due to a confluence of “very, very serious” mix of factors, according to CNBC Monday (Oct, 10). Get the Full Story Complete the form to unlock this article...
While overall job gains softened in September, non-farm employment rebounded to pre-pandemic levels from August, up 263,000 from 315,000, with the biggest gains in healthcare, leisure and hospitality, according to a Friday (Oct. 7) report from the U.S. Bureau of Labor Statistics. Get the Full Story...
A surge in trade volumes that started in 2020 is bottoming out due to multiple economic factors that include weakened household demand, higher interest rates and an uptick in energy costs. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Monetary policies instituted to offset inflation in developed nations like the U.S. and the U.K. are negatively affecting emerging markets, causing the United Nations and other transnational institutions to sound the alarm that the world could be on the brink of a global recession. Get...
Macroeconomic headwinds are posing a very real threat to restaurants, with an increasing number of eateries now expecting the worst in their future. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Inflation has settled in, stubbornly, near 40-year highs. 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. By completing this form, you...
While most everyone is parsing the consumer spending data from August, and while consumer spending continued to rise, there are some numbers that give one pause. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Consumer spending in August rose 0.4%, aligning with bigger paychecks and rebounding from a decline last month even as inflation stays high. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
CarMax’s recent results signal some trouble spots that extend far beyond the used car industry and hint at some of the fires that may flare within the paycheck-to-paycheck economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
