Economy

Economy
Treasury Reups Pandemic Aid for Small Businesses
May 29, 2022

There’s been progress on a federal pandemic aid program to help small business access to capital, over a year after it was initially authorized, The Wall Street Journal (WSJ) reported Sunday. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Labor Dept: Commercial Banking Jobs Decline Following COVID
May 27, 2022

Employment in America rose by 6.7 million last year, the largest calendar-year gain since the federal government began its Current Employment Statistics (CES) survey. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Market Instability Prompts Lyft to Ease Spending, Hiring
May 25, 2022

Lyft isn’t planning layoffs but is slowing hiring, reeling in spending and concentrating on profitable growth as market instability continues and its share price hovers below $17 from a 52-week high of $63. Get the Full Story Complete the form to unlock this article and...

Economy
BoA Customers Spending 10% More In 2022, CEO Moynihan Says
May 24, 2022

U.S. consumers are likely in fine shape and are likely to keep spending for now, according to Bank of America CEO Brian Moynihan, CNBC wrote Tuesday (May 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Snap Says Hiring, Spending Will Slow After Issuing Profit Warning
May 24, 2022

Snap has issued a profit warning, saying it will cut back on hiring and spending, part of a larger trend of social media companies struggling to adapt to a changing digital advertising market, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the...

Economy
Klarna to Cut About 700 Jobs Due to Inflation, War
May 23, 2022

Swedish buy now, pay later (BNPL) FinTech Klarna will lay off about 10% of its staff due to the effects of inflation and the Russia-Ukraine war, Klarna CEO and Co-Founder Sebastian Siemiatkowski said in a Monday (May 23) announcement. Get the Full Story Complete the...

Economy
Paycheck-to-Paycheck Consumers Could Put Brakes on Replacing Their Aging Rides
May 23, 2022

The fundamental principle of economics, of business in general, boils down to matching supply with demand. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Economy
Subprime Loan Delinquencies Signal Trouble for Paycheck-to-Paycheck Economy
May 19, 2022

Where there’s smoke, there’s fire. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive...

Economy
Inflation Bears Down Hardest on Those Least Able to Absorb Price Hikes
May 18, 2022

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...