Consumers are becoming more cautious in their spending, Citi CEO Jane Fraser said Tuesday (April 30). Speaking at the bank’s annual meeting, Fraser told shareholders that while consumers remain...
American labor costs rose more than anticipated last quarter, new government data shows. The Employment Cost Index (ECI), a measure of wages and benefits, climbed 1.2%...
Walmart is expanding its private-label offerings with the debut of “chef-inspired” food brand bettergoods. Announced Tuesday (April 30), bettergoods represents Walmart’s largest private-brand food rollout in two decades,...
Credit card delinquency rates fell last month as consumers continued to spend. As Seeking Alpha reported Sunday (April 28), the average delinquency rate dipped from...
The latest data on personal consumption notes that spending is outpacing the growth in disposable income. And as a result, consumers are dipping into savings...
Companies can leverage customer data and use technology to prosper in uncertain times, i2c Global Head of Operations John Bresnahan writes in the new PYMNTS...
For the companies populating the FinTech IPO Index, earnings have been part of the continuing avalanche of headlines this past week. Earnings Begin to Trickle...
Trying to balance inflationary pressures and the need to allow themselves at least some indulgences, shoppers are trading up on beer but not springing for...
And now it seems the slowdown is here. Markets slumped by more than 1% Thursday morning (April 25) on the latest reading on gross domestic...