The labor market remained buoyant in May, according to the latest employment report from the Bureau of Labor Statistics (BLS). In addition to muddying the waters with respect to the U.S. economic outlook, this month’s jobs report also complicates Federal Reserve interest rate policy. Here’s the lowdown: Nonfarm payrolls grew by 339,000 during the month, […]

PayNearMe Secures $45M in Series D Funding, Accelerating Payments Innovation and Market Expansion Queensland Investment Corporation leads investment round, empowering PayNearMe to pioneer new advancements in digital payments and drive industry-wide transformation. “Our growth has continued to accelerate as we serve the needs of more and larger clients,” said CEO Danny Shader, PayNearMe. “This investment […]

Two reports released by the Federal Reserve in May show credit conditions are tightening across the economy. The Federal Reserve Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices, provides information on bank credit availability, loan demand and lending practices for both commercial and household borrowers. The latest results from the survey conducted in […]