PYMNTS-MonitorEdge-May-2024

market conditions

US Unemployment Claims Hit Lowest Level in 7 Months
US Unemployment Claims Hit Lowest Level in 7 Months
September 07, 2023  |  Economy

The American job market is still tight, at least according to one new measure. Data released Thursday (Sept. 7) by the U.S. Labor Department showed the...

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Citizens Financial Group CEO Predicts Limited Consolidation in Banking Sector
Citizens Financial Group CEO Predicts Limited Consolidation in Banking Sector
September 06, 2023  |  Bank Regulation

Consolidation in the U.S. banking sector is expected to be limited in the near future due to high interest rates and regulatory pressures, according to Citizens...

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Job Growth in U.S. Moves from ‘Exceptional’ to ‘Sustainable’
Job Growth in U.S. Moves from ‘Exceptional’ to ‘Sustainable’
August 30, 2023  |  Economy

American employers added fewer jobs than anticipated in August, according to new findings from ADP. The research group said in a news release Wednesday (Aug. 30) that private...

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Luxury Retailers Neiman Marcus and Saks Fifth Avenue Discuss Potential Merger
Luxury Retailers Neiman Marcus and Saks Fifth Avenue Discuss Potential Merger
August 28, 2023  |  Retail

Luxury retailers Neiman Marcus and Saks Fifth Avenue are reportedly in talks to merge. This potential merger comes as Neiman Marcus has been actively seeking a buyer due to...

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Paycheck-to-Paycheck Pressures Remain as Fed Signals Higher Rates, Consumer Sentiment Slips
Paycheck-to-Paycheck Pressures Remain as Fed Signals Higher Rates, Consumer Sentiment Slips
August 25, 2023  |  Personal Finance

Higher rates. A bit more muted consumer sentiment. The paycheck-to-paycheck pressures continue. On Friday (Aug. 25), the final reading of the University of Michigan’s survey on consumer...

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Ongoing Restaurant Inflation Has Even Super Fans Cutting Back
Ongoing Restaurant Inflation Has Even Super Fans Cutting Back
August 23, 2023  |  Consumer Finance

As restaurant prices continue to rise, even the most enthusiastic diners are beginning to pull back on eating out and ordering in, PYMNTS research reveals....

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PMI Data Hints at Slowdown for Main Street Smaller Businesses
PMI Data Hints at Slowdown for Main Street Smaller Businesses
August 23, 2023  |  SMBs

Business is expanding, but at a torpid pace that signals some pressures for some of Main Street’s smaller firms. As detailed in the S&P Global Flash...

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WeWork Faces Warrants Delisting After Hitting ‘Abnormally Low’ Price Levels
WeWork Faces Warrants Delisting After Hitting ‘Abnormally Low’ Price Levels
August 23, 2023  |  Stock Index

WeWork says it expects its warrants to be delisted from the New York Stock Exchange (NYSE). The troubled co-working company announced Tuesday (Aug. 22) that the...

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Main Street Hospitality SMBs Most Optimistic About the Economy
Main Street Hospitality SMBs Most Optimistic About the Economy
August 23, 2023  |  SMBs

Across the United States, ongoing fears that the economy may still be running too hot remain elevated, with most Main Street small- to medium-sized businesses...

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