inflation

Inflation’s Driven 18M Consumers to Give Up on Buying a New Home
Inflation’s Driven 18M Consumers to Give Up on Buying a New Home
February 09, 2023  |  Real Estate

Increasingly, having a room of one’s own — an affordable house or rental — feels out of reach. In the most recent monthly PYMNTS gauge...

READ MORE >
Deliveroo Cuts 9% of Global Workforce, Citing ‘Economic Headwinds’
Deliveroo Cuts 9% of Global Workforce, Citing ‘Economic Headwinds’
February 09, 2023  |  Delivery

Deliveroo is laying off 9% of its global workforce. In an open message published on the company’s website on Thursday (Feb. 9), Deliveroo CEO and founder Will...

READ MORE >
JPMorgan CEO Warns High Prices May Continue
JPMorgan CEO Warns High Prices May Continue
February 09, 2023  |  Economy

The head of America’s biggest bank said the battle against inflation may not be over. J.P. Morgan Chase CEO Jamie Dimon warned that the Federal...

READ MORE >
Kellogg Sees Double-Digit Growth in Snacking Amid Consumers’ Inflation Concerns
Kellogg Sees Double-Digit Growth in Snacking Amid Consumers’ Inflation Concerns
February 09, 2023  |  Earnings

Kellogg’s snacking sales are growing as consumers turn to comfort foods amid financial difficulties. The Kellogg Company, parent of its eponymous brand as well as...

READ MORE >
O’Reilly Automotive Sees Sales Accelerate as Car Buying Slows
O’Reilly Automotive Sees Sales Accelerate as Car Buying Slows
February 09, 2023  |  Retail

O’Reilly Automotive continues to enjoy increased sales — and hopes to expand — amid a car-buying downturn. The auto parts retailer announced in an earnings...

READ MORE >
An Insider on Making Subscriptions Work in Tough Times
An Insider on Making Subscriptions Work in Tough Times
February 09, 2023  |  Subscription Commerce

Subscription merchants that fail to offer multiple ways for consumers to buy their products will see their sales take a hit, says Bean Box CEO...

READ MORE >
LendingClub Says Wealthier Consumers Adjusting to Inflation’s ‘New Reality’
LendingClub Says Wealthier Consumers Adjusting to Inflation’s ‘New Reality’
February 09, 2023  |  Economy

More of us are living paycheck to paycheck — straining to make ends meet — than at any point since the pandemic. “I was shocked...

READ MORE >
Affirm Hits Speed Bumps, Slashes Staff as Consumer Demand for BNPL Decelerates
Affirm Hits Speed Bumps, Slashes Staff as Consumer Demand for BNPL Decelerates
February 09, 2023  |  Earnings

For Affirm, growth is still in the mix, and demand is still there for buy now, pay later.  But the growth rates are decelerating, leading...

READ MORE >
Food Manufacturers’ Global Price Hikes Set to Slam Small Business Grocers
Food Manufacturers’ Global Price Hikes Set to Slam Small Business Grocers
February 08, 2023  |  SMBs

Smaller grocers are again caught between consumers and prices as major brands pass on their commodities costs. Shoppers globally are expected to pay even more...

READ MORE >