economy

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

JPMorgan Says US Consumer in ‘Great Shape’ but Macro Is Deteriorating

JPMorgan Says US Consumer in ‘Great Shape’ but Macro Is Deteriorating
JPMorgan Says US Consumer in ‘Great Shape’ but Macro Is Deteriorating
July 14, 2022  |  Earnings

Reports of the death of consumer spending are greatly exaggerated — at least from the point of view of the nation’s largest lender, J.P. Morgan...

READ MORE >
Amazon Grabs 8.8% of Gross Retail Spending to Outpace Walmart
Amazon Grabs 8.8% of Gross Retail Spending to Outpace Walmart
July 14, 2022  |  Retail

Amazon is maintaining its retail dominance, capturing 8.8% in gross retail spending compared to Walmart’s 8.2% in the second quarter of 2022, PYMNTS reported in...

READ MORE >
Amazon, Walmart Incentivize eGrocery Spending with Deal Days
Amazon, Walmart Incentivize eGrocery Spending with Deal Days
July 14, 2022  |  Retail

As mega-retailers compete for consumers’ food spending, Amazon is pulling out all stops to minimize Walmart’s grocery lead. During its Prime Day event Tuesday and...

READ MORE >
JPMorgan Ups Loan Loss Reserves Amid Uncertain Consumer Outlook
JPMorgan Ups Loan Loss Reserves Amid Uncertain Consumer Outlook
July 14, 2022  |  Earnings

JPMorgan Chase set aside $428 million in additional funds to cover bad loans and also temporarily shelved share buybacks as the country’s biggest bank posted...

READ MORE >
New Inflation Figures Show Restaurants Absorbing Price Increases to Retain Customers
New Inflation Figures Show Restaurants Absorbing Price Increases to Retain Customers
July 13, 2022  |  Economy

As food prices continue to soar, grocers are bumping prices up, while restaurants continue to absorb much of this inflationary pressure in a move to...

READ MORE >
Small Business Confidence Hits All-Time Low as Headwind Fatigue Sets In
Small Business Confidence Hits All-Time Low as Headwind Fatigue Sets In
July 13, 2022  |  SMBs

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
Banks Watch Nervously From Sidelines as 9.1% Inflation Crushes Consumers
Banks Watch Nervously From Sidelines as 9.1% Inflation Crushes Consumers
July 13, 2022  |  Economy

Push and pull. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

READ MORE >
Pepsi Turns to Alcohol to Combat Inflation
Pepsi Turns to Alcohol to Combat Inflation
July 12, 2022  |  Earnings

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >