July’s consumer-price index (CPI) showed inflation rising, overall, at a relatively steady pace. But in the devil’s in the details, as they say, and the cost of keeping food on the table has been rising, after a bit of a lull. Overall, the data released...
The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with China, and Russia’s invasion of Ukraine is exacerbating geopolitical tensions, The Wall Street Journal (WSJ) reported Wednesday (Aug. 9). A combination...
Despite economic uncertainty and inflation, weddings must still go on, and brides and grooms still need to find a way to pay for all those wedding essentials even while their finances remain tight. The soaring costs of various wedding essentials, from bridal dresses to fine...
Healthcare, social assistance, financial activities and wholesale trade led the country’s job gains in July. A total of 187,000 nonfarm payroll jobs were added during the month, the Bureau of Labor Statistics (BLS) said in a Friday (Aug. 4) press release. That total was less...
American companies added 324,000 jobs last month, while wage growth slowed. That’s according to data published Wednesday (Aug. 2) by the ADP Research Institute. The bulk of the new jobs came from the hospitality/leisure sector, the report said, which added 201,000 positions. Meanwhile, wage growth slowed, with workers...
In the middle of scorching summer hot weather, the job market seems to be cooling. American employers listed fewer job openings in June, a signal that demand for workers that had persisted for years had begun to abate a bit, according to figures from the Labor Department...
Today’s business operating landscape is a decidedly modern one. And an increasingly digital one — the hyperconnectivity of which impacts nearly every near and long-term forecast. That’s why PYMNTS CEO Karen Webster sat down with Amias Gerety, Partner at QED Investors, to get his view on everything from...
The Federal Reserve is planning another rate hike aimed at slowing inflation. But a report Wednesday (July 26) by The New York Times notes that some observers are watching a threat to that effort: “a tower of dicey-looking corporate debt.” When borrowing costs were low, companies took on...
June restaurant purchases were at their lowest volume in over a year as consumers tepidly, and unevenly, increased their discretionary spend. As noted in proprietary research carried out for PYMNTS’ July “Connected Dining” report, 58% of consumers made restaurant purchases in June. This represented a...
