Economy

Economy
Business Expenses Set to Climb as Business Lunches Are Back
May 14, 2023

The business lunch is reportedly back in major cities following a pandemic-driven hiatus. 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
Consumer Sentiment Sours as Inflation Looks Set for the Long Haul
May 12, 2023

The University of Michigan’s consumer sentiment survey has notched its lowest level since the end of last year. 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,...

Economy
Microsoft Reportedly Cutting Back on Raises, Bonuses and Stock Awards
May 10, 2023

Microsoft is reportedly cutting back on raises, bonuses and stock awards due to the state of the economy. 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
Inflation Cools as Consumers Continue Cutbacks
May 10, 2023

Inflation continued slowing last month, good news for consumers as many of them curtailed spending. 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,...

Economy
LinkedIn Cuts Staff and Shutters China-Focused Job Site
May 09, 2023

LinkedIn will shut down its Chinese jobs app and cut 716 positions amid slowing growth. 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,...

Economy
Popular ‘Life Hacks’ Help Gen Z Manage Growing Financial Stresses
May 08, 2023

Navigating the current economic turbulence is a key task for seemingly all consumers now, but members of Generation Z are doing so with their style. Perhaps more so than other generations, Gen Z consumers’ habits and preferences seem to strive for greater personal balance, and...

Economy
Affluent Consumers Temper Spending as Recession Concerns Mount
May 08, 2023

The latest data from the Federal Reserve released Monday (May 8) show that consumers think inflation’s here for the long term. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Consumers Feel Grocery Inflation Nearly 3X the Measured Rate
May 08, 2023

Even as grocery inflation has slowed, consumers continue to feel the impact of these price hikes far more than the measured rates, according to PYMNTS data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Loss of SNAP and Grocery Inflation Push Consumers Off ‘Hunger Cliff’
May 07, 2023

High inflation and reduced government aid have led to a spike in food bank demand. 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,...