News
CPI | Fed, White House in New Clash Over Crypto Firms" Access to US F
1+ hour, 13+ min ago (380+ words) The Federal Reserve has opened a new front in the increasingly contentious debate over crypto firms" access to the US financial system....
UK Business Activity Hits 13-Month Low Due to Middle East War
1+ day, 2+ hour ago (363+ words) Business activity in the United Kingdom is declining amid a "perfect storm" of economic factors, said Chris Williamson, chief business economist at S&P Global Market Intelligence. The S&P Global Flash UK PMI composite output index, which gauges activity…...
Kroger Eyes Price Cuts as Grocery Shoppers Feel Pinched
1+ day, 7+ hour ago (404+ words) Kroger'is reportedly considering steep price cuts to take on other grocery giants. Kroger wants to up competition with Walmart and other companies that have gained market share in recent years at the expense of traditional grocery stores, the report added....
Inside the Cutback Economy: How Age, Behavior and Financial Pressure Shape Consumer Spending
1+ day, 11+ hour ago (1055+ words) Financial pressure doesn't split Americans neatly by age. PYMNTS Intelligence finds that while 34% of all U. S. adults are in financial retreat, the bigger divide is often inside each generation, where consumers facing the same economy are making sharply different choices about…...
The Federal Reserve Confirms Crypto as Money Hasn't Happened Yet
2+ day, 3+ hour ago (390+ words) The Fed's May 2026 survey found crypto still isn't used as everyday money: just 2% of U. S. households used it for payments and 1% for peer transfers, while nearly 90% of users treated it mainly as an investment. Crypto's core payment advantages " speed and low-cost…...
Retail Sales Growth Masks Consumer Pullback Across Key Categories
1+ week, 1+ day ago (548+ words) Furniture, clothing and auto sales weakened as consumers prioritized essentials. Online retail remained a standout growth category despite broader spending pressure. Retail sales rose again in April, but the latest government data showed consumers continuing to shift spending toward necessities…...
April CPI Spike Raises Pressure on Already-Stretched Consumers
1+ week, 3+ day ago (539+ words) April's CPI data indicated the fastest pace of inflation seen in several years. Nearly 9 in 10 consumers reported financial stress tied to grocery costs as food inflation accelerated again. Young consumers increasingly combined spending cuts with installment plans, side income and…...
Concora Says Non-Prime Shoppers Still Have $5 Trillion to Spend
1+ week, 3+ day ago (785+ words) Debit reliance conceals demand for credit, leaving rewards and protections unused. Merchants and issuers lose share when credit offers lack clarity, timing and relevance. Watch more: Need to Know With Concora Credit's Rolando De Gracia Non-prime consumers are not stepping…...
Podcast: AI Training Gap Scares the Wrong Workers
1+ week, 3+ day ago (1005+ words) New research from PYMNTS, Ingo Payments and Work While revealed that front-line workers are more anxious about AI replacing their jobs than knowledge workers, even though knowledge workers are objectively more exposed to automation. Nearly 40% of Labor Economy workers said…...
Fed Survey Finds Increased Worries About AI's Impact on Financial Stability
1+ week, 4+ day ago (458+ words) AI's growing prominence in the survey reflects its wide-ranging impact on the financial system, affecting asset valuations, borrowing levels, labor markets, and credit conditions. "AI-related risks were in focus as well, particularly concerns around equity valuations, debt-financed capital spending, and…...