Speaking at an event, Wells Fargo CEO Charlie Scharf said it’s almost a given that the U.S. is heading for an economic downturn, The Wall Street Journal reported Tuesday (May 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The pace of retail sales in the U.S. slowed for the fourth consecutive month in April as higher prices offset curtailed spending enough to lift the key economic benchmark by 0.9%. While still positive, that rate is down from a revised 1.4% increase posted in...
Goldman Sachs Senior Chairman Lloyd Blankfein said a U.S. recession is at “very, very high risk,” warning that companies and consumers alike should be ready, Bloomberg reported Sunday (May 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Those looking for a ray of economic sunshine amid inflationary clouds might not find it in April’s Consumer Price Index (CPI), which is lower than March but still historically high. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
April’s consumer price index (CPI) missed Wall Street’s expectations but still dropped for the first time in eight months, coming in at 8.3% compared to 8.5% in March, the U.S. Bureau of Labor Statistics reported on Wednesday (May 11). Economists forecasted that the CPI would come in...
It’s Tuesday, May 10 and the S&P 500 — founded 67 years ago this month — is down 17% since January, Nasdaq is down 20% YTD and crypto is continuing to crash, with bitcoin down 50% from its high. Gas has hit a record-high national...
The cash cushions are dwindling. The credit card balances are a monthly obligation, of course. 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,...
We’re getting used to upheavals and disruptions at this point, but revelations of the extent of paycheck-to-paycheck living in the U.S. are impossible to ignore, and those most affected by this issue are millennials and bridge millennials who are often high earners. Get the Full...
All manner of earnings reports breathlessly herald the arrival of the great snapback. But one wonders, at least for business travel, how long it will be a case of “wheels up.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...
