economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

FinTech IPO Index Sinks 3.3% as Economic Concerns Overshadow Earnings Season

FinTech IPO Index Sinks 3.3% as Economic Concerns Overshadow Earnings Season
FinTech IPO Index Sinks 3.3% as Economic Concerns Overshadow Earnings Season
July 28, 2022  |  IPO

The investing world is parsing the slew of earnings that are continuing to come from banks, from the payments networks. Get the Full Story Complete...

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Grocery Roundup: Instacart, The Giant Company Shake Up Leadership
Grocery Roundup: Instacart, The Giant Company Shake Up Leadership
July 28, 2022  |  Retail

As economic headwinds get stiffer, companies that rely on grocery sales are navigating them with new leaders at the helm. Instacart, for its part, announced...

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Mastercard Results Detail Spending ‘Shift’ by Consumers Amid Inflation
Mastercard Results Detail Spending ‘Shift’ by Consumers Amid Inflation
July 28, 2022  |  Earnings

It’s becoming a familiar theme — the U.S. consumer is resilient, and spending is buoyant and of course, the wild card is how long it...

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Inflation Redefines ‘Value’ at McDonald’s, Other Fast Food Chains
Inflation Redefines ‘Value’ at McDonald’s, Other Fast Food Chains
July 28, 2022  |  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....

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Retail Forecast Cuts Mount as Consumer Worries About Inflation, Recession Intensify
Retail Forecast Cuts Mount as Consumer Worries About Inflation, Recession Intensify
July 28, 2022  |  Retail

It has been said that there’s no hiding from inflation. The effect of increasing prices and the subsequent loss of purchasing power is so unavoidable...

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Overstock Hurt by Increasing Inflation, Rising Prices for Consumer Necessities
Overstock Hurt by Increasing Inflation, Rising Prices for Consumer Necessities
July 28, 2022  |  Retail

Overstock is feeling the pinch from rising prices on necessities like food and fuel, meaning consumer appetite for home furnishings has slowed to some degree....

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GDP Contracts Again, Sparking New Recession Angst
GDP Contracts Again, Sparking New Recession Angst
July 28, 2022  |  Economy

The U.S. economy contracted for the second consecutive quarter, with gross domestic product (GDP) decreasing at a 0.9% annualized rate after decreasing 1.6% in the...

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LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans
LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans
July 27, 2022  |  Earnings

LendingClub’s transition to a digital banking model proceeds apace, but its core consumer loan business continues to gain traction in an inflationary environment, where maintaining...

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