economy

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

ADP: Job Growth Cools for Third Consecutive Month
ADP: Job Growth Cools for Third Consecutive Month
July 03, 2024  |  Economy

Job growth in the private sector cooled in June, marking the third consecutive month of a slowdown. Private employers added 150,000 jobs during the month,...

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Mid-Market Retailers Innovate to Survive in a Tight Economy
Mid-Market Retailers Innovate to Survive in a Tight Economy
July 02, 2024  |  Retail

As ongoing financial pressures make it harder for mid-market retailers to compete, without the scale of industry giants or the close customer connections of mom-and-pop...

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New Fed Data Indicates Wages Won’t Offset Inflation Anytime Soon
New Fed Data Indicates Wages Won’t Offset Inflation Anytime Soon
July 02, 2024  |  Economy

Since the start of the pandemic, PYMNTS Intelligence has tracked the real impact of inflation, as real wages, adjusted for price increases, have failed to...

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BIS: Central Banks See Opportunities and Challenges From AI
BIS: Central Banks See Opportunities and Challenges From AI
July 02, 2024  |  Artificial Intelligence

Artificial intelligence is poised to transform the financial sector and broader economy, creating opportunities and risks that central banks must navigate carefully, according to a...

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HSBC Scales Back Hiring Amid Cost-Cutting Efforts
HSBC Scales Back Hiring Amid Cost-Cutting Efforts
July 02, 2024  |  Personnel

European banking giant HSBC is reportedly slowing hiring and asking investment bankers to reduce expenses. It’s part of an effort by CEO Noel Quinn to...

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Aggregators Expand SNAP EBT Acceptance to Woo Paycheck-to-Paycheck Shoppers
Aggregators Expand SNAP EBT Acceptance to Woo Paycheck-to-Paycheck Shoppers
July 02, 2024  |  Retail

As aggregators compete to win the spending of financially struggling consumers, more players in the space are expanding their acceptance of Supplemental Nutrition Assistance Program...

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Digital Asset Fund Outflows Slow, Signaling ‘Sentiment Is Turning’
Digital Asset Fund Outflows Slow, Signaling ‘Sentiment Is Turning’
July 01, 2024  |  Cryptocurrency

Digital asset funds have seen outflows for three consecutive weeks, although the outflow slowed during the most recent week. After experiencing outflows of $600 million...

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TikTok Joins Merchants’ Summer Discounting Dash for Paycheck-to-Paycheck Shoppers
TikTok Joins Merchants’ Summer Discounting Dash for Paycheck-to-Paycheck Shoppers
July 01, 2024  |  Social Commerce

As retailers and marketplaces look to summer sales to win the spending of budget-strapped consumers, TikTok Shop is joining the mix with its own discounting...

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PCE Index Shows Cautious Consumers; Low Inflation Gives Hope for Rate Cut
PCE Index Shows Cautious Consumers; Low Inflation Gives Hope for Rate Cut
June 28, 2024  |  Economy

The consumer showed up with caution in May, but a low inflation rate added some fuel to the arguments for an interest rate cut. Those...

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