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.

Home Depot Continues B2B Push as Consumer Spending Pulls Back
Home Depot Continues B2B Push as Consumer Spending Pulls Back
May 14, 2024  |  Earnings

Is your refrigerator running? Rather than going to catch it, as the old prank phone call goes, Home Depot told investors during its first-quarter 2024...

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Bank of America CEO: Consumers Show Spending ‘Resilience’
Bank of America CEO: Consumers Show Spending ‘Resilience’
May 14, 2024  |  Economy

Bank of America’s CEO says consumer spending is still healthy despite steep interest rates. Spending has risen between 3% and 4% this month compared to a year ago, Brian...

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Fed Says Consumers See Higher-for-Longer Inflation
Fed Says Consumers See Higher-for-Longer Inflation
May 13, 2024  |  Consumer Insights

Consumers are girding for inflation to settle in over the long haul. But they intend to keep spending. As reported on Monday (May 13), the  Federal...

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Sticky Prices Continue to Pressure Consumers  
Sticky Prices Continue to Pressure Consumers  
May 13, 2024  |  Economy

This week, the latest spate of data from the government on spending trends will be released. Retail sales data will track consumer demand for finished...

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AAA: Memorial Day Road Trips Will Hit Record Numbers 
AAA: Memorial Day Road Trips Will Hit Record Numbers 
May 13, 2024  |  Travel Payments

Americans are projected to take a record number of road trips this Memorial Day weekend. It’s part of an overall uptick in early summer travel forecast by...

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New York City Dreams of Being Silicon Valley
New York City Dreams of Being Silicon Valley
May 10, 2024  |  Artificial Intelligence

New York City, the concrete jungle where dreams are made, is now dreaming of a new kind of dominance: artificial intelligence. The metropolis, long known for...

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McDonald’s Wants to Promote Value by Implementing $5 Meal Deal
McDonald’s Wants to Promote Value by Implementing $5 Meal Deal
May 10, 2024  |  Economy

McDonald’s is reportedly encouraging franchisees to vote to implement a $5 meal deal to bring back consumers who have left because of high prices. Franchisees — which...

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Sally Beauty: High-Income Consumers Splurge, but Low-Income Shoppers Still Cautious
Sally Beauty: High-Income Consumers Splurge, but Low-Income Shoppers Still Cautious
May 10, 2024  |  Earnings

As middle- and high-income consumers return to treating themselves to nice-to-haves, such as new personal care products and services, Sally Beauty is seeing low-income shoppers continuing to...

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U. Michigan Survey Shows Inflation and Unemployment Weighing on Consumer Sentiment
U. Michigan Survey Shows Inflation and Unemployment Weighing on Consumer Sentiment
May 10, 2024  |  Consumer Insights

Consumers are souring about the near-term outlook — on inflation, job prospects and interest rates. Where there’s worry, there’s possibly some saving for a rainy...

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