The number of initial claims for unemployment insurance increased by 20,000 during the week ended Saturday (July 13), driven by temporary closures of automobile plants and the effects of Hurricane Beryl. The total of 243,000 initial claims filed during the week was up from the...
In today’s uncertain environment, consumers want one thing: choice. That’s because macroeconomic uncertainty over inflation and interest rates is rocking consumer behavior and affecting big-ticket spend across verticals like home, auto and more, leading consumers to scale back on nonessential retail purchases. But as Synchrony...
As consumers continue to face financial pressures, many are shifting away from credit payments for retail purchases, instead playing it safe with debit. By the Numbers A PYMNTS Intelligence study in April for the Last Transaction Report series surveyed 1,730 United States consumers who bought...
For Bank of America, digital channels have represented avenues of continued growth, making inroads with credit card spending in particular. According to management, there’s still room left for consumers to keep spending on those cards. The company said in a second-quarter 2024 earnings release that...
July 19, 2024
Earnings season has yet to start making headlines and moving stocks in the FinTech IPO Index, but the overall group was up 3.8% through the week, and platforms were the prime movers. Lemonade shares surged more than 21%. In a Tuesday (July 16) announcement, Lemonade said that it had launched buildings and contents insurance in […]
July 16, 2024
A flat June reading for retail sales can be a tossup in terms of getting a sense of how the consumer is faring. The data released Tuesday (July 16) may...
July 15, 2024
The Connected Economy (CE) 100 Stock Index was launched in February 2022. It was introduced as an equity index of 100 publicly traded companies across 11 categories, aiming to track the...
July 12, 2024
As Taco Bell continues its paid subscription push — its “passes” — the quick-service restaurant (QSR) giant is seeing that, by offering a wider range of options tailored to different...
July 18, 2024
The number of initial claims for unemployment insurance increased by 20,000 during the week ended Saturday (July 13), driven by temporary closures of automobile plants and the effects of Hurricane Beryl. The total of 243,000 initial claims filed during the week was up from the previous week’s revised figure of 223,000, the Department of Labor (DOL) […]
July 15, 2024
Salesforce reportedly cut about 300 jobs in July after eliminating 700 roles earlier this year. The latest cuts are part of the company’s ongoing effort to streamline its operations, Bloomberg reported Monday...
July 15, 2024
Economic growth in China reportedly fell to its slowest pace in five quarters. The surprise slowdown came as a decline in consumer spending hamstrung an increase in exports, Bloomberg reported...
July 15, 2024
OneStream is attempting to raise $465.5 million in an initial public offering (IPO). The cloud-based enterprise finance platform revealed its plans in a filing with the Securities and Exchange Commission...
