Economy

Economy
GDP Shrinks Amid Drop in Motor Vehicle Spending
April 28, 2022

The U.S. real gross domestic product (GDP) shrank at an annual rate of 1.4% in the first quarter of this year, according to figures released Thursday (April 28) by the Bureau of Economic Analysis (BEA). Get the Full Story Complete the form to unlock this...

Economy
Trucking’s Downturn, Paycheck to Paycheck Pressures Signal Recession May Be Here
April 26, 2022

Connect enough data points, and the mosaic offers up a portrait of recession. 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....

Economy
Maersk Predicts Slight Global Slowdown in Container Demand
April 26, 2022

Shipping giant Maersk said Tuesday (April 26) that the container market could normalize in the second half of 2022, though it did raise full-year guidance due to high rates for container freights. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Inflation Erasing Pandemic Savings, Says CEO of National Bank of Canada
April 25, 2022

A new spate of interest rate increases and more inflation may erase the savings that consumers built up during the pandemic, a report from Bloomberg said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Demand, Inflation Drive Up Live Entertainment Ticket Prices
April 24, 2022

Concert tickets have been going up in price, which has been difficult for frequent music fans, The Wall Street Journal reported Saturday (April 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Online Auto Platforms May Run out of Road Before Supply, Demand, Pricing Find Footing
April 22, 2022

For a while, the story surrounding the auto industry — particularly the online platforms — seemed simple. 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
Some Sectors Recover From COVID Faster Than Others
April 22, 2022

While parts of the economy have experienced a recovery that restored them to pre-pandemic levels, not every sector is out of the woods quite yet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Credit Cards Being Used as Defense vs Inflation in Paycheck-to-Paycheck Economy 
April 18, 2022

For consumers — at least when it comes to confidence that they can handle mounting credit card debt in the face of inflation and even living paycheck to paycheck: Watch what they do, not what they say. Get the Full Story Complete the form to unlock this...

Economy
Fed: Factory Output Rises, Car Production up 7.8%
April 15, 2022

U.S. factory production rose by 0.9% in March, marking the third consecutive month of gains, Bloomberg reported Friday (April 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....