News
Tariff Refund Claims Could Expose Major Supplier Enablement Gaps
2+ hour, 13+ min ago (628+ words) A U.S. trade court ordered refunds on$130 billion in tariffs, with more than1,800 companies suing for reimbursement; CBP says it needs45 days to build a systemto start processing claims. First came the tariffs and their unpredictability, now come the refunds. At least 1,800 companieshave…...
Job Losses Set to Test Consumer Confidence and Spending
2+ day, 21+ hour ago (611+ words) The latest labor market figures delivered an unexpected turn, with payrolls shrinking in February and the unemployment rate ticking higher, raising new questions about whether consumer confidence and spending power can maintain their steadiness. The Employment Situation Summary released Friday…...
Introducing the PYMNTS Consumer Expectations Index
1+ week, 9+ hour ago (23+ words) This PYMNTS index tracks consumer sentiment, financial resilience and job security to reveal who has the capacity to spend and who doesn't....
eCommerce a Bright Spot Amid Overall Retail Sales Dip
3+ day, 1+ hour ago (508+ words) Consumer spending cooled slightly in January, although strong growth in digital retail channels suggests that the broader trajectory of household consumption remains intact. Advance estimates released Friday (March 6) by the U.S. Census Bureau showed that retail and food services sales totaled…...
The Millennial Money Squeeze: Data Shows Rising Cost Pressures
3+ day, 9+ hour ago (203+ words) New PYMNTS Intelligence research reveals that younger households are juggling multiple bills, deploying more coping strategies and facing growing family-related costs during their peak earning years. Yet even as millennials work harder to manage their finances, their confidence that strategies…...
Fed Data Shows Labor Economy Anchoring Consumer Spending
4+ day, 18+ hour ago (703+ words) Fed data shows uneven growth as seven districts reported modest expansion while five reported flat or declining activity. Labor conditions remain stable but fragile, mirroring PYMNTS data showing workers employed yet financially strained. The latest Federal Reserve Beige Book, released…...
American Factories Reverse 40-Month Slump With New Growth
5+ day, 16+ hour ago (358+ words) The manufacturing sector saw more economic activity in February, marking the second consecutive month of growth and only the third month of growth in the past 40 months, the Institute for Supply Management (ISM) said Tuesday (March 3). The ISM Manufacturing PMI…...
NY Fed Chief Sees Growing Divide Between Low-Income and High-Income Households
6+ day, 4+ min ago (478+ words) A top Federal Reserve official said he sees an increasing divide between low-income and high-income households. John C. Williams, president and CEO of the Federal Reserve Bank of New York, signaled a cautious but optimistic outlook for the United States economy…...
Senate’s AFFORD Act Seeks New Capital for Underserved Markets
1+ week, 2+ day ago (355+ words) A bill introduced in the Senate Thursday (Feb. 26) would strengthen the role of the Community Development Financial Institutions Fund (CDFI Fund) in improving capital access and economic development in underserved communities, its supporters say. The "Access to Fair Financing for…...
Online Retail Jumps 13% Year Over Year as Shoppers Hunt for Value
1+ week, 4+ day ago (341+ words) Financial stress is no longer just shaping what Americans buy. It is reshaping how they pay. That was the central insight of "Consumer Financial Stress Is Changing the Rules of Shopping and Payments," a January PYMNTS Intelligence Data Book. The…...