Recession

Main St. Small Business Sees Inflation ‘Hands Down’ as Biggest Challenge

Main St. Small Business Sees Inflation ‘Hands Down’ as Biggest Challenge
Main St. Small Business Sees Inflation ‘Hands Down’ as Biggest Challenge
December 13, 2022  |  SMBs

Recent PYMNTS’ research found that inflation was 2022’s biggest challenge for small- to medium-sized businesses (SMBs). Main Street SMBs make up much of the U.S....

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CE 100 Index Slips as WeWork Plummets 23%
CE 100 Index Slips as WeWork Plummets 23%
December 12, 2022  |  Connected Economy

Recession fears mounted this past week, and stocks tumbled. 2022 is largely in the rearview mirror, and in looking ahead, investors — and some heavy...

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Mastercard: Housing Costs and Inflation Squeeze Consumer Spending
Mastercard: Housing Costs and Inflation Squeeze Consumer Spending
December 08, 2022  |  Economy

High inflation and interest rates are affecting groups in different ways.  The Mastercard Economics Institute said in its Economic Outlook 2023, which was released Thursday...

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Independent Restaurants’ Optimism Wanes Amid Ongoing Inflation
Independent Restaurants’ Optimism Wanes Amid Ongoing Inflation
December 07, 2022  |  SMBs

As economic challenges continue indefinitely into the future, small restaurants are adjusting their revenue expectations. By the Numbers Research from PYMNTS’ new study, “Main Street...

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Boston Fed Study Ties Kids to Consumption During Economic Downturns
Boston Fed Study Ties Kids to Consumption During Economic Downturns
December 06, 2022  |  Economy

Despite the holiday cheer, American consumers are growing increasingly anxious about the economy. It’s gotten to the point where even those consumers whose wages and...

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EU Banks Dial Back Lending
EU Banks Dial Back Lending
December 04, 2022  |  Loans

Europe’s banks will likely reduce lending next year as the region dips into a recession. That’s according to a Sunday (Dec. 4) Financial Times report,...

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Fed Report Spotlights Main Street SMB Labor and Lending Pressures
Fed Report Spotlights Main Street SMB Labor and Lending Pressures
November 30, 2022  |  SMBs

Slowing rate hikes cheer investors, but on Main Street the damage has already been done. Stocks surged about 3% by Wednesday’s close, on the heels...

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Amazon’s Jassy Says Layoffs to Stretch Into ‘23
Amazon’s Jassy Says Layoffs to Stretch Into ‘23
November 17, 2022  |  Retail

Amazon’s job cuts will continue into next year, adding to those that have already been announced, as the company’s leaders are only midway through their...

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