inflation

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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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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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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Target Tries to Shake Off ‘Pandemic Hangover’ as Sales Slump
Target Tries to Shake Off ‘Pandemic Hangover’ as Sales Slump
June 30, 2024  |  Retail

After seeing revenues surge during the pandemic, Target has been facing tough times. A report Sunday (June 30) by the Financial Times (FT) examines the...

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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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Price Wars: Amazon and Walmart Escalate Race to the Bottom
Price Wars: Amazon and Walmart Escalate Race to the Bottom
June 28, 2024  |  Retail

This week in the ongoing battle between retail giants Amazon and Walmart, the two companies are upping their discounting efforts in an effort to secure...

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Consumer Spending Revised Lower as Paycheck-to-Paycheck Households Struggle
Consumer Spending Revised Lower as Paycheck-to-Paycheck Households Struggle
June 27, 2024  |  Economy

The third estimate of how gross domestic product (GDP) fared in the first quarter showed — at least in the headline number — there was...

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Consumers Are Tired of Merchant Surcharges and Tipflation
Consumers Are Tired of Merchant Surcharges and Tipflation
June 26, 2024  |  Economy

Merchant steering, which is a practice where retailers offer discounts to consumers if they use certain payment methods, could be getting eclipsed by surcharges and...

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Share of US Consumers Living Paycheck to Paycheck Hits Two-Year High
Share of US Consumers Living Paycheck to Paycheck Hits Two-Year High
June 24, 2024  |  Retail

Despite a robust economy, a significant portion of American consumers are grappling with financial challenges that affect their shopping habits in profound ways, and to...

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