Economy

58% of Consumers Cut Back on Nonessentials Due to Rising Grocery Costs
Economy
58% of Consumers Cut Back on Nonessentials Due to Rising Grocery Costs
March 01, 2024

The rising costs of groceries continue to pressure U.S. consumers to reconsider how they shop — and what they shop for. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Paying Over Time for Groceries Will Continue Amid Disposable Income Pressures
Economy
Paying Over Time for Groceries Will Continue Amid Disposable Income Pressures
March 01, 2024

Recent economic data from this week give ammunition to the argument that paying for groceries over time will be a long-standing trend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Consumers Cool on Spending Even as Inflation Slows
Economy
Consumers Cool on Spending Even as Inflation Slows
February 29, 2024

The headlines Thursday (Feb. 29) trumpet the fact that inflation rose in January at the rate most people expected — by 3% month on month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

As GDP Growth Decelerates, All Eyes Are on Consumer Spending
Economy
As GDP Growth Decelerates, All Eyes Are on Consumer Spending
February 28, 2024

The latest readings of gross domestic product (GDP) have been revised down — at least a bit. 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...

Durable Goods Orders Dropped 6.1% in January
Economy
Durable Goods Orders Dropped 6.1% in January
February 27, 2024

New orders for manufactured durable goods declined by 6.1% in January. 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 completing...

Jobless Claims Fall in Face of Ongoing Layoffs
Economy
Jobless Claims Fall in Face of Ongoing Layoffs
February 22, 2024

New Department of Labor data shows a drop in initial applications for unemployment in the United States. 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...

Report: Checkout.com UK’s Business Reports Fivefold Increase in Losses
Economy
Report: Checkout.com UK’s Business Reports Fivefold Increase in Losses
February 15, 2024

Online payment processing platform Checkout.com has reportedly recorded a $126 million loss in its U.K. business. 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,...

Taylor Swift Tour Expected to Generate $780 Million in Melbourne, Australia
Economy
Taylor Swift Tour Expected to Generate $780 Million in Melbourne, Australia
February 15, 2024

As pop star Taylor Swift kicks off her Eras tour in Australia, fans are flocking to the concerts and injecting money into the economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Is January’s Retail Sales Slump a Blip or Harbinger of Things to Come?
Economy
Is January’s Retail Sales Slump a Blip or Harbinger of Things to Come?
February 15, 2024

The questions swirling amid the January sales slump boils down to these: 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...