economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
Chase Announces Grocery Deal as Food Shoppers Demand Cash-Back Rewards
Chase Announces Grocery Deal as Food Shoppers Demand Cash-Back Rewards
December 15, 2023  |  Loyalty & Rewards

Chase is targeting consumers’ demand for food deals with new cash-back offers, a move that comes as consumers seek card-linked offers from grocers. The banking company...

READ MORE >
FinTech IPO Index Jumps 7.3%, Lending Platforms Soar as Fed Signals Rate Cuts   
FinTech IPO Index Jumps 7.3%, Lending Platforms Soar as Fed Signals Rate Cuts   
December 15, 2023  |  IPO

The Fed’s signaled a pause for now — and rate cuts on the horizon. The near-term horizon, that is, and as has been widely reported,...

READ MORE >
JPMorgan Chase on Why Businesses Are ‘Cautiously Optimistic’ Headed Into 2024
JPMorgan Chase on Why Businesses Are ‘Cautiously Optimistic’ Headed Into 2024
December 15, 2023  |  Economy

Asked by Karen Webster to offer up her thoughts on the state of the U.S. economy and how businesses are approaching 2024, Ginger Chambless, head...

READ MORE >
Cash-Strapped Consumers Are Still Buying Small Indulgences
Cash-Strapped Consumers Are Still Buying Small Indulgences
December 14, 2023  |  Retail

There is an economic theory that can be traced back to the Great Depression of the 1930s: the Lipstick Effect, which suggests that even in...

READ MORE >
Costco Says Its Bargains Continue to Lure Consumers to Shop
Costco Says Its Bargains Continue to Lure Consumers to Shop
December 14, 2023  |  Earnings

When it comes to consumers and their buying habits, Costco said its deals are drawing bargain-hunting customers to its aisles.  “We’re looking at the consumer...

READ MORE >
Subscription Merchants Implement BNPL to Woo Budget-Strapped Consumers
Subscription Merchants Implement BNPL to Woo Budget-Strapped Consumers
December 14, 2023  |  BNPL

More subscription merchants are offering buy now, pay later (BNPL) options to attract budget-constrained consumers, PYMNTS Intelligence finds, with the share increasing by the month....

READ MORE >
Buy Now Pay Later Helped Boost November Retail and Restaurant Sales
Buy Now Pay Later Helped Boost November Retail and Restaurant Sales
December 14, 2023  |  Economy

The headlines across various media outlets in the wake of the latest retail sales report zeroed in on the fact that the expectations had been...

READ MORE >
Competition for Consumers’ Grocery Spending Heats up Among Discount Retailers
Competition for Consumers’ Grocery Spending Heats up Among Discount Retailers
December 13, 2023  |  Economy

After years of trade-down in grocery and discount retailers’ consequent efforts to woo consumers with their food and beverage offerings, the space has grown significantly...

READ MORE >
Etsy Cuts 11% of Workforce as Sales Remain ‘Essentially Flat’
Etsy Cuts 11% of Workforce as Sales Remain ‘Essentially Flat’
December 13, 2023  |  Personnel

Etsy is laying off 225 employees — about 11% of its workforce — and restructuring its executive team. The move is meant to help the...

READ MORE >