spending

Spending to pay out (money) in buying or hiring goods or services

Consumers Sour On Travel Rewards Cards
Consumers Sour On Travel Rewards Cards
June 29, 2020  |  Loyalty & Rewards

After spending years fine-tuning travel reward cards, banks have found that the coronavirus pandemic decimated all the effort by reducing the need or will to...

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New Data: Why 75 Pct Of Consumers Want More From Card Apps Than They’re Getting
New Data: Why 75 Pct Of Consumers Want More From Card Apps Than They’re Getting
June 16, 2020  |  Mobile Applications

Banks are well aware that they must do more these days than simply provide their debit and credit card holders with monthly account statements. Just...

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Europeans Save Less, Spend More As Economy Lags
Europeans Save Less, Spend More As Economy Lags
May 25, 2020  |  Consumer Finance

European consumers are stockpiling savings as a way to be prudent during the pandemic, but that isn’t having a positive effect on the country’s lagging...

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Investor Concerns Over Credit Losses Pull US Bank Stocks Down
Investor Concerns Over Credit Losses Pull US Bank Stocks Down
May 15, 2020  |  Investments

The U.S. banking industry is the runt of the litter of the current stock market rally as interest rates sink and loans crumble, according to...

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Goldman: US Unemployment Rate Could Hit 25 Pct
Goldman: US Unemployment Rate Could Hit 25 Pct
May 14, 2020  |  Economy

Goldman Sachs’ forecast for the nation’s unemployment rate rose by 10 percent, as the bank now predicts at least a 25 percent unemployment rate due...

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US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
May 04, 2020  |  Debt

To fight the coronavirus pandemic, the U.S. government said it is planning to borrow $2.99 trillion in the second quarter this year, a record number,...

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U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
April 29, 2020  |  Economy

U.S. gross domestic product (GDP) dropped 4.8 percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the...

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Crashing Oil Prices and Travel’s Catch-22
Crashing Oil Prices and Travel’s Catch-22
April 23, 2020  |  Coronavirus

You can’t get much cheaper than negative prices. As the world knows, oil briefly went negative this week before rebounding, showing the breathtaking speed a...

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