economy

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

Booking CFO: Inflation Continues to Scare US Travelers
Booking CFO: Inflation Continues to Scare US Travelers
December 17, 2024  |  Travel Payments

Booking.com says the impact of inflation continues to hamstring the U.S. travel industry. Demand is down as cautious consumers hold off on making their vacation...

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CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
December 13, 2024  |  CFPB

Residential mortgage lending activities showed a “significant decline” in 2023, the Consumer Financial Protection Bureau said Friday (Dec. 13). The drop was caused in part...

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Payments Choice Will Help Surging Retail Startups Thrive, Not Just Survive
Payments Choice Will Help Surging Retail Startups Thrive, Not Just Survive
December 11, 2024  |  Startups

Starting a new business is an exercise in optimism. Entrepreneurs see an opportunity, often a local one — a vacuum where demand is there to...

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Rising Card Delinquencies May Push Subprime Consumers to BNPL and Debit Installment Plans
Rising Card Delinquencies May Push Subprime Consumers to BNPL and Debit Installment Plans
December 11, 2024  |  Consumer Insights

Last December, PYMNTS Intelligence detailed in its “Credit Card Use Deep Dive” report that about 14% of the more than 3,500 consumers surveyed had subprime...

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Grocery and Shelter Costs Rise in November, Straining Consumer Budgets
Grocery and Shelter Costs Rise in November, Straining Consumer Budgets
December 11, 2024  |  Economy

The key takeaway from the Consumer Price Index (CPI) released Wednesday (Dec. 11) is that the pace of inflation pace quickened in November, as reported...

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Financial Landscape Unprepared for Increasing FinTech Influence, Oversight Group Says
Financial Landscape Unprepared for Increasing FinTech Influence, Oversight Group Says
December 11, 2024  |  Regulation

Innovation within the financial services and payments space tends to center around two poles: FinTechs, and cryptocurrency. In its newly released 2024 annual report, the...

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Millennials Forgo Homeownership and Boost Rent-to-Build Market
Millennials Forgo Homeownership and Boost Rent-to-Build Market
December 11, 2024  |  Real Estate

With homeownership increasingly out of reach, many millennials are turning to high-end rentals. Developers are in a hurry to meet that demand even if it...

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NFIB: Small Business Optimism Sees Post-Election Rebound
NFIB: Small Business Optimism Sees Post-Election Rebound
December 10, 2024  |  SMBs

Small business owners in the United States are more optimistic following an almost three-year stretch of uncertainty. That’s according to the National Federation of Independent...

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Bank of England: Non-Banks Could Pose New Risks to Financial Stability
Bank of England: Non-Banks Could Pose New Risks to Financial Stability
December 09, 2024  |  Banking

Non-bank financial institutions like pension funds, insurance companies, hedge funds and money market funds could present risks to financial stability as their role in the...

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