Economy

Economy
Consumers Turn to Discounts or Do Without as Inflation Bears Down
May 01, 2022

Executives working with some of the biggest global companies say they’re seeing people becoming less willing to deal with price increases, The Wall Street Journal says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Consumer Spending Jumps 1.1% in March, Inflation Up 6.6% YoY
April 29, 2022

Consumer spending across the U.S. was up 1.1% in March, according to a Friday (April 29) Commerce Department press release. The spending boost was led by increased cash outlays on travel, dining, gasoline and food, although spending on durable goods dropped for the second straight...

Economy
Macro Pressures May Spark Long-Term Pullback From Robinhood’s Untested Retail Investors
April 29, 2022

The stimulus checks run out, the gambling stops. The meme stock becomes a meme — a cautionary tale about, and for, the retail investor. At least in this trading environment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
GDP Report Shows Consumer Spending Resilient in Q1, But Inflation’s Full Impact Yet Unknown
April 28, 2022

When it comes to economic data, there’s the headline number, and then the deeper dive. 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,...

Economy
GDP Shrinks Amid Drop in Motor Vehicle Spending
April 28, 2022

The U.S. real gross domestic product (GDP) shrank at an annual rate of 1.4% in the first quarter of this year, according to figures released Thursday (April 28) by the Bureau of Economic Analysis (BEA). Get the Full Story Complete the form to unlock this...

Economy
Trucking’s Downturn, Paycheck to Paycheck Pressures Signal Recession May Be Here
April 26, 2022

Connect enough data points, and the mosaic offers up a portrait of recession. 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....

Economy
Maersk Predicts Slight Global Slowdown in Container Demand
April 26, 2022

Shipping giant Maersk said Tuesday (April 26) that the container market could normalize in the second half of 2022, though it did raise full-year guidance due to high rates for container freights. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Inflation Erasing Pandemic Savings, Says CEO of National Bank of Canada
April 25, 2022

A new spate of interest rate increases and more inflation may erase the savings that consumers built up during the pandemic, a report from Bloomberg said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Demand, Inflation Drive Up Live Entertainment Ticket Prices
April 24, 2022

Concert tickets have been going up in price, which has been difficult for frequent music fans, The Wall Street Journal reported Saturday (April 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...