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.

Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
July 12, 2024  |  Earnings

Banks today are caught between an ongoing digital shift and a challenging macro environment. With the release of Wells Fargo’s second quarter 2024 earnings on...

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Report: Digital Job Growth in UK Hits Lowest Level in Decade
Report: Digital Job Growth in UK Hits Lowest Level in Decade
July 11, 2024  |  Economy

Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade. As Bloomberg News reported Thursday (July 11), this has led the incoming Labour...

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Inflation Cools Overall, but Food Is More Expensive
Inflation Cools Overall, but Food Is More Expensive
July 11, 2024  |  Economy

The Consumer Price Index released Thursday (July 11) showed that, at least overall, the pace of inflation cooled in June. But the category-by-category data from...

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Pepsi: ‘Value-Conscious’ Consumers Cut Back on Snacks
Pepsi: ‘Value-Conscious’ Consumers Cut Back on Snacks
July 11, 2024  |  Earnings

PepsiCo’s snack food revenues dipped during its latest quarter as consumers continued to exercise caution. The food and beverage giant released second-quarter earnings results Thursday...

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Luxury Brands and Retailers Rethink Strategy Amid Economic Challenges
Luxury Brands and Retailers Rethink Strategy Amid Economic Challenges
July 10, 2024  |  Retail

With the high cost of maintaining a luxury brand, key players are making major decisions, changing the way they operate to navigate the current challenging...

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Shop Talk: Pair CEO Says Direct to Consumer Model Frees Brands to Get Personal
Shop Talk: Pair CEO Says Direct to Consumer Model Frees Brands to Get Personal
July 10, 2024  |  eCommerce

Without the limits of physical shelf space, direct-to-consumer (D2C) brands can offer a wider range of products that may be more niche or less universally...

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UiPath Announces 10% Cut in Staff to Reduce Costs
UiPath Announces 10% Cut in Staff to Reduce Costs
July 09, 2024  |  Personnel

UiPath, a provider of artificial intelligence (AI)-powered enterprise automation technology, said Tuesday (July 9) that it will lay off 10% of its global workforce as...

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4 Ways CFOs Are Steering Around Challenges and Ahead of Competitors
4 Ways CFOs Are Steering Around Challenges and Ahead of Competitors
July 09, 2024  |  CFO

For CFOs, the business itself is their biggest customer and most important client. And given the increasingly dynamic operating landscape today’s middle-market businesses are tasked...

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Small Business Optimism Creeps up but Inflation Concerns Persist
Small Business Optimism Creeps up but Inflation Concerns Persist
July 09, 2024  |  Economy

Optimism among small business owners is climbing, though it’s hard to call them “optimistic.” That’s according to the latest edition of the National Federation of Independent...

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