PYMNTS-MonitorEdge-May-2024

inflation

Inflation Soars 7.9% to Another 40-Year High
Inflation Soars 7.9% to Another 40-Year High
March 10, 2022  |  Economy

Price hikes in gas, food and shelter led the way to 40-year record high inflation, with the consumer price index — a key indicator of...

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US Wage Growth Slows Slightly, Remains Historically High
US Wage Growth Slows Slightly, Remains Historically High
March 06, 2022  |  Economy

The wage growth in the U.S. slowed a little in February — though it was still at “historically high” levels, The Wall Street Journal reported...

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Chicago Fed Reserve President: Inflation, Higher Wages Will Challenge Small Businesses
Chicago Fed Reserve President: Inflation, Higher Wages Will Challenge Small Businesses
March 04, 2022  |  SMBs

Chicago Federal Reserve President Charles Evans on Friday (March 4) told CNBC that small businesses will likely take the brunt of ongoing inflation and higher...

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Rich Russians Turn to High-End Jewelry, Watches to Preserve Wealth
Rich Russians Turn to High-End Jewelry, Watches to Preserve Wealth
March 02, 2022  |  International

The Russian wealthy class, attempting to avoid the plummeting value of the ruble, are buying luxury jewelry and watches to retain the value of their...

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Today in FinTech: Buckle up for the New FinTechIPO™ Index
Today in FinTech: Buckle up for the New FinTechIPO™ Index
February 18, 2022  |  IPO

In Today’s FinTech news, PYMNTS is introducing the FinTechIPO™ Index to give people an idea of how the firms within the index are performing, while...

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London-Based FinTech Nous Grabs $9M to Lessen Cost-of-Living Crunch
London-Based FinTech Nous Grabs $9M to Lessen Cost-of-Living Crunch
February 18, 2022  |  Investments

London-based FinTech Nous on Friday (Feb. 18) closed a 7.9 million euros ($8.9 million) fundraising round that will expand its service offering to help more...

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Walmart Parlays Consumer Price Concerns Into Grocery Share Gains
Walmart Parlays Consumer Price Concerns Into Grocery Share Gains
February 17, 2022  |  Walmart

Building on its strategy from recent quarters, Walmart continues to leverage its scale to offer lower prices than competitors, using food inflation as a tailwind...

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Visa: Omicron’s Spending Impact Less Than Past Variants
Visa: Omicron’s Spending Impact Less Than Past Variants
February 10, 2022  |  Economy

COVID-19’s omicron variant had less of an impact on U.S. spending than previous stages of the outbreak. That’s according to the latest edition of Visa’s...

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Inflation Reaches 7.5%, Breaking 40-Year Record
Inflation Reaches 7.5%, Breaking 40-Year Record
February 10, 2022  |  Economy

Consumer prices rose 7.5% over the past year, the highest rate of inflation since 1982, according to figures released Thursday (Feb. 10) by the U.S....

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