Economy

Economy
Online Auto Platforms May Run out of Road Before Supply, Demand, Pricing Find Footing
April 22, 2022

For a while, the story surrounding the auto industry — particularly the online platforms — seemed simple. 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...

Economy
Some Sectors Recover From COVID Faster Than Others
April 22, 2022

While parts of the economy have experienced a recovery that restored them to pre-pandemic levels, not every sector is out of the woods quite yet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Credit Cards Being Used as Defense vs Inflation in Paycheck-to-Paycheck Economy 
April 18, 2022

For consumers — at least when it comes to confidence that they can handle mounting credit card debt in the face of inflation and even living paycheck to paycheck: Watch what they do, not what they say. Get the Full Story Complete the form to unlock this...

Economy
Fed: Factory Output Rises, Car Production up 7.8%
April 15, 2022

U.S. factory production rose by 0.9% in March, marking the third consecutive month of gains, Bloomberg reported Friday (April 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
Container Shipping Rates Tank Amid US Inflation, Shanghai’s Pandemic Lockdown
April 15, 2022

The cost of gas, groceries and almost everything else is rising, but container shipping rates have started to sink, The Wall Street Journal (WSJ) reported Friday (April 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
White House: COVID-19 Pandemic Will End Before Supply Chain Woes
April 14, 2022

White House economists said in a 42-page report released Thursday (April 14) that the COVID-19 pandemic exposed many of the supply chain snarls that have slowed many sectors of the global economy, but that the outbreak is likely to end long before those issues are...

Economy
Inflation’s Torrid Rise Hammers Lower Income Consumers, Payments Firms Dependent on Them
April 12, 2022

The latest inflation data, showing a relentless rise, does not bode well for lower income consumers. 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
Main Street Business Index Shows America’s SMBs Bouncing Back From Pandemic
April 12, 2022

The pandemic fog of war is lifting, and with it the prospects for business recovery in America’s downtown districts as new data points to strong rebound trends in the face of high inflation. Get the Full Story Complete the form to unlock this article and...

Economy
Prices Surge 8.5% in March, Highest in 40 Years
April 12, 2022

Consumer prices rose 8.5% in March compared to 2021, the biggest surge in 40 years as Russia’s invasion of Ukraine continues to drive energy prices up and lawmakers attempt to reel in runaway prices, according to a Tuesday (April 12) report from the Bureau of Labor...