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.

DoorDash Sees Digital Orders Surge Despite Industry Headwinds
DoorDash Sees Digital Orders Surge Despite Industry Headwinds
August 02, 2024  |  Earnings

As consumers look to cut costs amid ongoing financial pressures, DoorDash is seeing that digital ordering is largely protected from the traffic declines experienced across...

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Unemployment Claims Hit Highest Level in Almost a Year
Unemployment Claims Hit Highest Level in Almost a Year
August 01, 2024  |  Economy

New U.S. unemployment claims have reached their highest level in close to a year. According to Labor Department data released Thursday (Aug. 1), jobless claims...

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EBay Uses Pay by Bank to Reach New Gen Z Consumers
EBay Uses Pay by Bank to Reach New Gen Z Consumers
August 01, 2024  |  Earnings

As eBay looks to reach Generation Z and millennials, the online marketplace is turning to pay by bank to meet younger customers’ eCommerce expectations. On...

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New Deals and Digital Expansion Drive Mastercard’s Q2 Revenue Surge
New Deals and Digital Expansion Drive Mastercard’s Q2 Revenue Surge
July 31, 2024  |  Earnings

Playing a hot hand of new deals and balanced global consumer spending, Mastercard posted double-digit revenue growth for the second quarter, as announced in its...

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Private Sector Adds 122K Jobs as Wage Growth Slows
Private Sector Adds 122K Jobs as Wage Growth Slows
July 31, 2024  |  Economy

American companies added 122,000 jobs this month, while wage growth continued to slow. That’s according to the latest monthly employment report from ADP, released Wednesday (July 31),...

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Consumers’ Mixed Economic Sentiments Hurt by Inflation, Lifted by Labor
Consumers’ Mixed Economic Sentiments Hurt by Inflation, Lifted by Labor
July 30, 2024  |  Consumer Insights

As consumers look at their economic prospects, they are torn between factors pulling them in different directions, feeling relatively confident about the job market but...

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McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
July 29, 2024  |  Earnings

McDonald’s sales fell for the first time since 2020 as lower-income consumers stayed home. The fast food giant released quarterly earnings Monday (July 29) showing a 1% dip...

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Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers
Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers
July 27, 2024  |  Retail

As many consumers look for ways to ease their doomsday anxieties, Costco is positioning itself as the go-to retailer for consumers who are worried about...

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Consumer Sentiment Shows Widening Gap Between Low- and High-Income Consumers
Consumer Sentiment Shows Widening Gap Between Low- and High-Income Consumers
July 26, 2024  |  Economy

The bifurcation in consumer spending — between higher-income and lower-income individuals and households — looks set to widen. And in the meantime, as detailed in...

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