Top executives at Target say U.S. customers plan to drive less and combine their shopping into fewer trips, Bloomberg reported Sunday (Jan. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Production at American factories saw a surprise drop at the end of 2021, helped along by a decline in motor vehicle manufacturing, which was itself caused by the continuing semiconductor shortage. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The U.K. economy surged past its pre-pandemic level for the first time in almost two years in November when it grew 0.9% in the month, in part because shoppers decided to start their holiday gift hunts earlier than they had in the past, according to...
Initial unemployment claims for the week ending Jan. 8 unexpectedly increased to 230,000, the most since the middle of November but still below pandemic averages, according to the latest report from the Bureau of Labor Statistics on Thursday (Jan. 13). It’s the second week in...
Inflation rose 7% over the last year, the highest level in 40 years, the Bureau of Labor Statistics said in its Consumer Price Index (CPI) report Wednesday (Jan. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
J.P. Morgan CEO Jamie Dimon said the U.S. would have the “best growth” in decades in 2022, CNBC reported Monday (Jan. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Hiring missed economists’ payroll forecasts, with just 199,000 jobs added in December, lower than November’s meager gains of 210,000, according to the U.S. Bureau of Labor Statistics (BLS) report on Friday (Jan. 7). The unemployment rate dropped to 3.9% from November’s 4.2% Get the Full...
The International Monetary Fund (IMF) is postponing its World Economic Outlook by about a week until Jan. 25 to account for the more recent developments in the COVID-19 pandemic, Reuters reported on Wednesday (Jan. 5). Get the Full Story Complete the form to unlock this...
U.S. lawmakers are debating more COVID-19 stimulus funding for the business community in an effort to stem the tide of economic struggles tied to the rapid spread of the omicron variant of the virus, The Washington Post reported Wednesday (Jan. 5). Get the Full Story...
