economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

Consumer Sentiment Reaches Highest Point Since April as Economy Improves
Consumer Sentiment Reaches Highest Point Since April as Economy Improves
December 20, 2024  |  Economy

Consumer sentiment rose in December, reaching the highest point since April but remaining below its pre-pandemic level. The increase in the consumer sentiment index marked...

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Consumer Spending Lifts Q3 GDP, but Savings Rates Are Pressured
Consumer Spending Lifts Q3 GDP, but Savings Rates Are Pressured
December 19, 2024  |  Economy

In the latest and final revision of how the economy fared in the third quarter — through the growth in gross domestic product — the...

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Inflation Pushes Consumers to Seek Everyday Value From Credit Card Rewards
Inflation Pushes Consumers to Seek Everyday Value From Credit Card Rewards
December 18, 2024  |  Credit Cards

Rewards are among the key determinants in how consumers choose — and use — credit cards. In the PYMNTS Intelligence report “The Role of Rewards...

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Trending: eCommerce Spending Accelerates in November and Boosts Retail Sales
Trending: eCommerce Spending Accelerates in November and Boosts Retail Sales
December 17, 2024  |  Economy

November’s consumer spending was buoyant, as eCommerce sales rebounded from a tepid pace in October. Chalk it up to the festive season, but there are...

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Retailers Rewrite Playbooks as Consumers Tighten Budgets, Shift Spending
Retailers Rewrite Playbooks as Consumers Tighten Budgets, Shift Spending
December 17, 2024  |  Consumer Insights

Retailers across the U.S. are confronting a new era of cautious spending as consumers tighten their belts in response to ongoing economic pressure. Inflation, rising...

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Booking CFO: Inflation Continues to Scare US Travelers
Booking CFO: Inflation Continues to Scare US Travelers
December 17, 2024  |  Travel Payments

Booking.com says the impact of inflation continues to hamstring the U.S. travel industry. Demand is down as cautious consumers hold off on making their vacation...

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CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
December 13, 2024  |  CFPB

Residential mortgage lending activities showed a “significant decline” in 2023, the Consumer Financial Protection Bureau said Friday (Dec. 13). The drop was caused in part...

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Payments Choice Will Help Surging Retail Startups Thrive, Not Just Survive
Payments Choice Will Help Surging Retail Startups Thrive, Not Just Survive
December 11, 2024  |  Startups

Starting a new business is an exercise in optimism. Entrepreneurs see an opportunity, often a local one — a vacuum where demand is there to...

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Rising Card Delinquencies May Push Subprime Consumers to BNPL and Debit Installment Plans
Rising Card Delinquencies May Push Subprime Consumers to BNPL and Debit Installment Plans
December 11, 2024  |  Consumer Insights

Last December, PYMNTS Intelligence detailed in its “Credit Card Use Deep Dive” report that about 14% of the more than 3,500 consumers surveyed had subprime...

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