Economy

Economy
Fiserv: Consumers Shifting Focus to Essential Spending
May 05, 2025

A new report from Fiserv shows a resilient, though far more cautious, American consumer. 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...

Economy
Marketplaces’ Third-Party Sellers to Face Full Impact of Tariffs in Second Half
May 02, 2025

The efforts of third-party sellers on platforms like Amazon to stock up on goods to avoid the cost of tariffs will reportedly work for only a limited time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Job Market Resilience May Not Bolster Consumer Spending
May 02, 2025

The latest jobs data indicate that employers added more positions in April than had been expected, and the news may, incrementally, make consumers feel a bit better about their employment prospects. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Unemployment Claims Rise by 18,000, Higher Than Economists’ Forecasts
May 01, 2025

The number of initial claims for unemployment insurance in the United States rose by 18,000 during the week ended Saturday (April 26), the Department of Labor said in a Thursday (May 1) press release. The number reached 241,000, up from the previous week’s revised level...

Economy
Microsoft Raises Xbox Prices, Citing ‘Market Conditions’
May 01, 2025

Microsoft raised the recommended retailer pricing for its Xbox consoles and controllers worldwide, effective Thursday (May 1), and said it expects to raise the price of its new, first-party games starting during the holiday season. Get the Full Story Complete the form to unlock this...

Economy
Group of 30: Federal Reserve Should Focus on Inflation Target
April 30, 2025

Group of 30, an independent global consultative group, said Wednesday (April 30) that the Federal Reserve should focus on its 2% inflation target, prioritizing that over its unemployment objective. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
GDP Q1 2025: Consumer Spending’s Not Enough to Help Avoid Economy’s Contraction
April 30, 2025

Consumer spending, the chief engine of economic growth, was not enough to stop an overall pullback in U.S. gross domestic product (GDP). And with evidence of a slowing gains in disposable income, consumers’ appetite to keep spending look set to be tested. Get the Full...

Economy
Concerns About Tariffs Drive Widespread Decline in Consumer Confidence
April 29, 2025

Consumer confidence declined for the fifth consecutive month in April as consumers expressed growing concerns about tariffs’ negative effects on prices and the economy, The Conference Board said Tuesday (April 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Washington Weekly: Tariffs, Tensions and the New ‘Business as Usual’
April 28, 2025

Springtime in Washington, D.C. Cherry blossoms color the presidential monuments. Outdoor cafés in Georgetown are bustling. It’s a time when the talk of the town turns to … baby strollers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...