PYMNTS-MonitorEdge-May-2024

economy

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

Atlanta Fed: Firms’ Year-Ahead Inflation Expectations ‘Relatively Unchanged’ at 2.2%
Atlanta Fed: Firms’ Year-Ahead Inflation Expectations ‘Relatively Unchanged’ at 2.2%
August 21, 2024  |  Economy

Firms’ year-ahead inflation expectations remained “relatively unchanged” in August, staying just above where they were before the pandemic, the Federal Reserve Bank of Atlanta said Wednesday...

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Target: Streamlined Checkout and GenAI Chatbot Improve in-Store Experience
Target: Streamlined Checkout and GenAI Chatbot Improve in-Store Experience
August 21, 2024  |  Retail

A streamlined checkout experience and the deployment of generative artificial intelligence-powered handheld devices for employees have improved the in-store experience at Target, the retailer said...

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Lowe’s Looks to Grow With Pros as Consumer Demand Dwindles
Lowe’s Looks to Grow With Pros as Consumer Demand Dwindles
August 20, 2024  |  Earnings

The home improvement market could use some improvement itself. That’s the latest from Lowe’s Companies Inc. During its second-quarter 2024 earnings call Tuesday (Aug. 20),...

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Goldman: Recession Seems Less Likely After Jobs/Sales Reports
Goldman: Recession Seems Less Likely After Jobs/Sales Reports
August 18, 2024  |  Economy

Economists at Goldman Sachs have lowered the likelihood of a U.S. recession. As Bloomberg News reported Saturday (Aug. 17), the banking giant now gives an...

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Mastercard to Cut 3% of Workforce; Will Redeploy to ‘Growth’ Areas
Mastercard to Cut 3% of Workforce; Will Redeploy to ‘Growth’ Areas
August 16, 2024  |  Personnel

Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this...

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Private Jet Demand Dips as Prices Rise and COVID Fears Fade
Private Jet Demand Dips as Prices Rise and COVID Fears Fade
August 16, 2024  |  Travel Payments

Private jet charter flights reportedly experienced a decline of 15% in the first half of this year compared to their peak in 2022. The drop...

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U. Mich Survey Shows Consumer Sentiment Improves, but Inflation Worries Linger
U. Mich Survey Shows Consumer Sentiment Improves, but Inflation Worries Linger
August 16, 2024  |  Economy

Things may get better over the longer term, but right now things are tough. To that end, the University of Michigan’s Consumer Sentiment Index, gauging...

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Consumer Sentiment Remains Steady, Subject to Their Presidential Election Expectations
Consumer Sentiment Remains Steady, Subject to Their Presidential Election Expectations
August 16, 2024  |  Economy

Consumer sentiment has remained fairly steady thus far in August, inching up 2.1% compared to the previous month and down 2.3% compared to August 2023....

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FinTech IPO Index Jumps 5% as Sezzle and Expensify Lead the Upside
FinTech IPO Index Jumps 5% as Sezzle and Expensify Lead the Upside
August 16, 2024  |  Fintech Investments

Earnings powered the FinTech IPO Index 5% higher in a week that was, as has been the case for the last month, dominated by earnings....

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