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.

Dogs vs. Cats: Dogecoin, Shiba Inu Memecoins Have Competition at Crypto Food Bowl
Dogs vs. Cats: Dogecoin, Shiba Inu Memecoins Have Competition at Crypto Food Bowl
September 20, 2024  |  Cryptocurrency

In the world of cryptocurrency, the latest lineup of memecoins — POPCAT, MEW, MOG and CAT — has taken the stage with all the grace...

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Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
September 18, 2024  |  Banking

Three banks will lower their prime lending rate after the Federal Reserve decided to reduce the federal funds rate. BMO, Truist Financial and MT&T Bank...

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Businesses May See Cost of Capital Relief as Fed Slashes Rates
Businesses May See Cost of Capital Relief as Fed Slashes Rates
September 18, 2024  |  Economy

The Federal Reserve cut interest rates by 0.5% Wednesday (Sept. 18), the first cut in four years. While stocks gyrated Wednesday and were down slightly...

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Online Sales Bump August Retail Spending Higher
Online Sales Bump August Retail Spending Higher
September 17, 2024  |  Economy

Consumers are still spending, but the pace — at least as detailed in the latest retail sales report from the Census Bureau for August —...

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Amazon Promotes Early Holiday Shopping as ‘Prime Big Deal Days’ Return
Amazon Promotes Early Holiday Shopping as ‘Prime Big Deal Days’ Return
September 17, 2024  |  Amazon

Amazon is resuming “Prime Big Deal Days” next month before the holiday shopping season. The eCommerce giant’s semi-annual sales event returns Oct. 8 and 9,...

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Retail Sales Preview: Will July’s Consumer Spending Momentum Continue?
Retail Sales Preview: Will July’s Consumer Spending Momentum Continue?
September 16, 2024  |  Consumer Insights

On Tuesday (Sept. 17), we’ll find out if the July surge in consumer spending — as measured via unadjusted retail sales — has amounted to...

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Target’s 100K-Worker Holiday Hiring Plans Stick to 2023 Levels
Target’s 100K-Worker Holiday Hiring Plans Stick to 2023 Levels
September 16, 2024  |  Retail

Target says it aims to hire roughly 100,000 workers for the holiday shopping season. The retailer’s plans, announced Monday (Sept. 16), are in line with last year’s hiring levels,...

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DIY Diamonds: Luxury Gemstones Are Becoming More Accessible
DIY Diamonds: Luxury Gemstones Are Becoming More Accessible
September 14, 2024  |  Retail

Give someone a diamond, they have a diamond; give someone a machine that makes diamonds, they have diamonds for a lifetime. There is an old...

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U Mich Survey Shows 40% Consumer Sentiment Uptick Since June 2022
U Mich Survey Shows 40% Consumer Sentiment Uptick Since June 2022
September 13, 2024  |  Economy

There was a slight improvement in consumer sentiment this month, as inflation’s heady pace ticked lower. But while the University of Michigan’s preliminary reading for...

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