JPMorgan Chase CEO Jamie Dimon reportedly said Friday (Sept. 20) that he is skeptical that the U.S. economy will see a soft landing. “I am a...
Three banks will lower their prime lending rate after the Federal Reserve decided to reduce the federal funds rate. BMO, Truist Financial and MT&T Bank...
Consumers are still spending, but the pace — at least as detailed in the latest retail sales report from the Census Bureau for August —...
On Tuesday (Sept. 17), we’ll find out if the July surge in consumer spending — as measured via unadjusted retail sales — has amounted to...
Target says it aims to hire roughly 100,000 workers for the holiday shopping season. The retailer’s plans, announced Monday (Sept. 16), are in line with last year’s hiring levels,...
Americans’ struggles with their bills has reportedly been bad news for consumer lending firms. Shares in those companies fell last week following warnings from executives...
Give someone a diamond, they have a diamond; give someone a machine that makes diamonds, they have diamonds for a lifetime. There is an old...
There was a slight improvement in consumer sentiment this month, as inflation’s heady pace ticked lower. But while the University of Michigan’s preliminary reading for...
The money consumers saved during the pandemic has been spent. Savings are pressured, and credit card debt is mounting. When it comes to keeping current...