inflation

New Jobs for Better Wages Not a Panacea for Paycheck-to-Paycheck Households
New Jobs for Better Wages Not a Panacea for Paycheck-to-Paycheck Households
November 09, 2022  |  Economy

The household economics of 2022 continues to confound, as consumers who are fearful of recession and whose wages are also not keeping pace with inflation...

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Bitcoin a Shell of Former Self on Anniversary of $68K All-Time High
Bitcoin a Shell of Former Self on Anniversary of $68K All-Time High
November 08, 2022  |  Bitcoin

It has been a rocky 12 months for bitcoin. One year ago, bitcoin hit its all-time high of $68,789. Today, it’s back below $20,000, having...

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75% of Hooters’ Virtual Customers Have Never Visited Flagship Brand
75% of Hooters’ Virtual Customers Have Never Visited Flagship Brand
November 08, 2022  |  Restaurant innovation

For a restaurant like Hooters, renowned for its distinct in-store experience, the recent embrace of virtual brands has not only leveraged the chain’s existing equipment...

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Party City Says Halloween Sales at ‘Lower End of Expectations’
Party City Says Halloween Sales at ‘Lower End of Expectations’
November 08, 2022  |  Retail

Consumers purchased Halloween decorations at a lukewarm rate in October and retailer Party City expects that to continue for the rest of the year.  For...

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Amazon Looks to ‘Subscribe and Save’ to Boost Branded Partnerships and Grocery Spend
Amazon Looks to ‘Subscribe and Save’ to Boost Branded Partnerships and Grocery Spend
November 07, 2022  |  Amazon

Amazon’s shares have slipped about 11% in the wake of last month’s earnings reports, as investors fretted about consumers’ belt-tightening. “The continuing impacts of broad-scale...

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History Suggests Black Friday ‘22 Could See Similar Consumer Response Amid Sales Fatigue
History Suggests Black Friday ‘22 Could See Similar Consumer Response Amid Sales Fatigue
November 07, 2022  |  Retail

The holiday shopping headwinds are completely different this year than last, but PYMNTS research suggests the impact on consumers’ buying habits could mirror those reported...

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Retailers’ Seasonal Hiring Hopes Find Relief From Rise in Second Job Seekers
Retailers’ Seasonal Hiring Hopes Find Relief From Rise in Second Job Seekers
November 07, 2022  |  Economy

With inflation rising, more Americans — including a number of white-collar workers — are seeking second jobs. The Wall Street Journal noted this phenomenon in...

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Virgin Money Accredited Under UK’s General Export Facility Program
Virgin Money Accredited Under UK’s General Export Facility Program
November 06, 2022  |  emea

Financial service firm Virgin Money has joined the English government’s General Export Facility (GEF), opening up access to financial support to the company’s business clients...

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11.5% of Main Street Personal Services Firms at Risk of Closing in Two Years
11.5% of Main Street Personal Services Firms at Risk of Closing in Two Years
November 04, 2022  |  SMBs

Inflation is the double-edged sword bedeviling Main Street SMBs. In the “Main Street Health Q3 2022: SMBs Battle Inflation” report, PYMNTS surveyed 533 U.S.-based businesses...

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