May 13, 2024
Uber, Lyft Head to Court as Massachusetts Challenges Driver Classification
Uber and Lyft are facing a trial in Massachusetts over allegations that they misclassified their drivers as independent contractors instead of employees. The trial is part of a larger legal...
May 12, 2024
Fast-Casual Dining Slows Amid Consumer Pressure
Consumer caution at restaurants is reportedly dampening business at fast-casual eateries. As Bloomberg News reported Saturday (May 11), restaurants such as Red Lobster — which is mulling bankruptcy — and TGI...
May 10, 2024
U. Michigan Survey Shows Inflation and Unemployment Weighing on Consumer...
Consumers are souring about the near-term outlook — on inflation, job prospects and interest rates. Where there’s worry, there’s possibly some saving for a rainy day at the expense of...
May 09, 2024
Labor Department Reports Year’s Biggest Increase in Initial Jobless Claims
The number of initial claims for unemployment insurance leapt by 22,000 during the week ended Saturday (May 4). The total of 231,000 initial claims filed during the week was up from the previous week’s...
May 02, 2024
Initial Claims for Unemployment Unchanged, Signaling ‘Fairly Tight’ Labor Market
The number of initial claims for unemployment insurance held steady during the week ending on Saturday (April 27). The total of 208,000 initial claims was unchanged from that of the...
May 01, 2024
Consumers Aren’t Buying Many Handmade Trinkets Amid Economic Concern
As consumers continue to feel the economic strain, they are cutting back on buying boutique, handmade items from independent creators, per Etsy’s latest earnings call. The marketplace shared in its...
April 30, 2024
Citi CEO Jane Fraser Says Consumers ‘More Discerning’ in Spending
Consumers are becoming more cautious in their spending, Citi CEO Jane Fraser said Tuesday (April 30). Speaking at the bank’s annual meeting, Fraser told shareholders that while consumers remain “healthy and resilient,” they are...
April 23, 2024
Pepsi: Snack, Soda Consumer Resiliency Drives Growth
PepsiCo is crediting its quarterly growth to resilient consumer behavior, especially on an international scale. The soda and snack food giant on Tuesday (April 23) released earnings showing 2.3% net revenue growth,...
April 19, 2024
Back-to-Basics Data Approach Confronts Increasing Fraud
Whenever there’s economic uncertainty, there’s a corresponding upswing in fraud, said Mangopay Vice President of Product and Data Maciej Pitucha, adding businesses can prepare and be ready. He breaks it...
