Amid losses in the stock market as well as the government shutdown, consumer confidence has reached its lowest point in more than two years: A consumer sentiment survey reading from The University of Michigan dropped from 98.3 in December to 90.7 in the beginning of...
With the stock market selling off in recent weeks, Goldman Sachs is warning that wealthy households will feel some of the pain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
S&P Dow Jones Indices and Experian released data through December of 2018 on Tuesday (Jan. 15) that showed default rates across all loan types increased from November. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Organization for Economic Cooperation and Development (OECD), a consortium of 34 nations worldwide, has warned that the U.S. and other large economies are poised to experience slowdowns this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Federal Reserve Chairman Jay Powell said that an extended government shutdown could be damaging to the U.S. economy, according to a report in Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
U.S. banks had something to cheer about in 2018: Not one bank went under, putting a spotlight on the strength of the banking market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
By any reckoning, there may be a reckoning coming for stocks. The December no one wants to remember is in the rearview mirror, while January has shown some real continued volatility. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Even amid declines in the financial markets, employers in the United States brought more jobs into the economy in December at the quickest cadence in months. At the same time, average hourly earnings notched their top full-year gains in years during the month, The Wall...
Consumer debt is at a record level — but in terms of handling it, there are no signs that Americans are struggling, reported The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
