As 2021 drew to a close, vehicle valuation and automotive research company Kelly Blue Book (KBB) released the startling stat that the “average used car price tops $27,000 for the first time,” noting that this base price is “a jaw-dropping 41% higher than in November of 2019, the last month...
You’re unlikely to experience a robot attack at an eatery or retail store. Should you encounter a robot in such a setting, chances are it will take your order, bring your food or merchandise and do something cute, all while — and this is important...
As the COVID-19 pandemic continues its spread across the U.S. and around the world, people are becoming increasingly troubled about the state of the economy, with 40% telling PYMNTS they’re pessimistic about economic conditions, the highest level we’ve seen since we started this series. Get...
Larry Summers, former Secretary of the Treasury, in a series of tweets criticized the Biden administration for allegedly trying to use antitrust policy to fight inflation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Louisville, Kentucky — which was a major delivery hub for U.S. carriers even before the COVID-19 pandemic turbo-charged online shopping — is suffering a severe labor shortage, the Wall Street Journal reported Wednesday (Dec. 22). Get the Full Story Complete the form to unlock this...
After months of anecdotal evidence and first-hand experience, new government data has confirmed and “put a number on” what most consumers already know all too well: food has gotten very expensive, especially if it is being brought in from overseas. Get the Full Story Complete...
The stimulus checks are largely disbursed. New COVID-19 variants are here. Inflation is running at record 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...
U.S. economic recovery could stall if the estimated 65 million households receiving monthly child tax credits are cut off at the end of the year, Goldman Sachs economist Jan Hatzius said in a note to clients Sunday (Dec. 19), according to reports. Get the Full...
Consumers’ perception of the economy has darkened since the spring. While 32% of consumers were pessimistic about the economy in May, that figure rose to 40% by October, according to Reality Check: The Paycheck-to-Paycheck Report, a PYMNTS and LendingClub collaboration based on surveys of more...
