Economy

Economy
Truist Financial Plans ‘Sizable Reductions’ in Jobs, $750 Million Cut in Expense
September 11, 2023

Truist Financial will make “sizeable reductions” in its workforce from the third quarter through the first quarter of 2024. 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...

Economy
Consumers Adjust Spending as They Think Credit’s Getting Harder to Obtain
September 11, 2023

Consumers are less sanguine about their financial situations — especially when it comes to obtaining credit. 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...

Economy
Budget-Constrained Consumers Prioritize Dining Out
September 11, 2023

As consumers continue to feel the impacts of years of economic challenges, those who are struggling the most continue to spend indulgently on restaurant dining. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Consumer Expenditures Leap 9% in 2022 as ‘Everyday’ Spend Grows Faster Than Income
September 08, 2023

The year 2022 marked a continued emergence from the pandemic, and new data show just how much — and how fast — we spent our take home pay to keep things going. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
The Consumer’s Sweet Tooth Drives Grocery Store Indulgences
September 07, 2023

As consumers continue to allow themselves small indulgences amid ongoing inflation, many continue to opt for sweets at the grocery store. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
US Unemployment Claims Hit Lowest Level in 7 Months
September 07, 2023

The American job market is still tight, at least according to one new measure. 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
Fed’s Beige Book Portends Slowdown for Main Street Retail Mainstays
September 06, 2023

Modest growth is in the cards, and for Main Street stalwarts among smaller businesses — namely in retail — the pressure is mounting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Business Bankruptcies Rise 17% in August Due to Interest Rates
September 05, 2023

Business bankruptcies reportedly experienced a sharp increase in August, with more companies seeking court protection from their creditors. 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...

Economy
Factory Order Data Underscores Need for Robust Inventory Management — and Financing
September 05, 2023

The U.S. Commerce Department said Tuesday (Sept. 5) that orders for U.S. manufactured goods were down in July, by 2.1%, a reversal from four straight monthly gains. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...