economy

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

New York City Dreams of Being Silicon Valley
New York City Dreams of Being Silicon Valley
May 10, 2024  |  Artificial Intelligence

New York City, the concrete jungle where dreams are made, is now dreaming of a new kind of dominance: artificial intelligence. The metropolis, long known for...

READ MORE >
McDonald’s Wants to Promote Value by Implementing $5 Meal Deal
McDonald’s Wants to Promote Value by Implementing $5 Meal Deal
May 10, 2024  |  Economy

McDonald’s is reportedly encouraging franchisees to vote to implement a $5 meal deal to bring back consumers who have left because of high prices. Franchisees — which...

READ MORE >
Sally Beauty: High-Income Consumers Splurge, but Low-Income Shoppers Still Cautious
Sally Beauty: High-Income Consumers Splurge, but Low-Income Shoppers Still Cautious
May 10, 2024  |  Earnings

As middle- and high-income consumers return to treating themselves to nice-to-haves, such as new personal care products and services, Sally Beauty is seeing low-income shoppers continuing to...

READ MORE >
U. Michigan Survey Shows Inflation and Unemployment Weighing on Consumer Sentiment
U. Michigan Survey Shows Inflation and Unemployment Weighing on Consumer Sentiment
May 10, 2024  |  Consumer Insights

Consumers are souring about the near-term outlook — on inflation, job prospects and interest rates. Where there’s worry, there’s possibly some saving for a rainy...

READ MORE >
Main Street Businesses in the Northeast, Midwest and Mountain States Grew the Most Last Year
Main Street Businesses in the Northeast, Midwest and Mountain States Grew the Most Last Year
May 09, 2024  |  SMBs

Small businesses on Main Street have proven to be more resilient than many of their larger counterparts, according to the PYMNTS Intelligence report “Main Street...

READ MORE >
Labor Department Reports Year’s Biggest Increase in Initial Jobless Claims
Labor Department Reports Year’s Biggest Increase in Initial Jobless Claims
May 09, 2024  |  Economy

The number of initial claims for unemployment insurance leapt by 22,000 during the week ended Saturday (May 4). The total of 231,000 initial claims filed during the week was...

READ MORE >
Versatile Credit CEO Sees Steady Appetite for Consumer Financing
Versatile Credit CEO Sees Steady Appetite for Consumer Financing
May 09, 2024  |  Loans

Banks and corporates by and large showed cautious optimism regarding consumer spending during the first-quarter earnings season. Now, the operative question surrounds the use of...

READ MORE >
LoanDepot Says ‘Higher for Longer’ Interest Will Keep Challenging Mortgage Industry
LoanDepot Says ‘Higher for Longer’ Interest Will Keep Challenging Mortgage Industry
May 07, 2024  |  Earnings

LoanDepot expects the mortgage industry to continue facing a challenging environment. Recent interest rate increases have reduced industry forecasts for market volumes for the year, the...

READ MORE >
Banks Call For Greater BNPL Reporting Transparency
Banks Call For Greater BNPL Reporting Transparency
May 07, 2024  |  Buy Now Pay Later

In recent years, buy now, pay later (BNPL) platforms have gained popularity among consumers, offering a convenient way to finance purchases through installments. However, the lack...

READ MORE >