economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

JPMorgan Chase Card Spending Grows 8% as Consumers Draw Down Deposits

JPMorgan Chase Card Spending Grows 8% as Consumers Draw Down Deposits
JPMorgan Chase Card Spending Grows 8% as Consumers Draw Down Deposits
October 13, 2023  |  Earnings

Banking juggernaut J.P. Morgan Chase reported earnings on Friday (Oct. 13) that showed resilient card spending, but a drawdown of deposits and a gradual uptick...

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Budget-Conscious Chinese Consumers Drive Sales for Value-Focused Companies
Budget-Conscious Chinese Consumers Drive Sales for Value-Focused Companies
October 13, 2023  |  Retail

Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Get the Full Story...

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Significant Drop in Apparel Prices Provides Relief from Inflation
Significant Drop in Apparel Prices Provides Relief from Inflation
October 12, 2023  |  Economy

Prices for apparel and household items saw notable declines in September, even as the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4%.  Get...

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Restaurants Feel Pullback as 85% of Consumers Strain Under Inflation
Restaurants Feel Pullback as 85% of Consumers Strain Under Inflation
October 12, 2023  |  Consumer Insights

With consumers overwhelmingly noticing the effects of price increases in their day-to-day lives, per PYMNTS Intelligence, restaurants are seeing diners cut back. Get the Full...

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Income Lags Behind Inflation as Cash-Strapped Consumers Chase Deals
Income Lags Behind Inflation as Cash-Strapped Consumers Chase Deals
October 12, 2023  |  Consumer Insights

The U.S. economy is facing growing concerns as wages fail to keep up with high inflation, with consumers finding it increasingly challenging to maintain their...

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Report: White House Meeting With Business Leaders to Discuss Economy
Report: White House Meeting With Business Leaders to Discuss Economy
October 12, 2023  |  Economy

President Joe Biden will reportedly meet with a half dozen business leaders from various industries on Thursday (Oct. 12) to hear their perspectives on the economy and...

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No Relief in Sight for Paycheck-to-Paycheck Consumers Amid Inflation
No Relief in Sight for Paycheck-to-Paycheck Consumers Amid Inflation
October 12, 2023  |  Economy

The latest inflation readings are in. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Domino’s: Pickup Sales Continue to Rise as Delivery Falls
Domino’s: Pickup Sales Continue to Rise as Delivery Falls
October 12, 2023  |  Earnings

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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