PYMNTS

JANUARY 29, 2019

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. Earlier this month, Federal Reserve Chairman Jay Powell warned that an extended government shutdown could be damaging to the U.S.

Shutdown 46

Shutdown Federal Reserve Economy Fed 46

Fintech News

FEBRUARY 15, 2024

Illicit share of all cryptocurrency transaction volume, 2018-2023, Source: Chainalysis 2024 Crypto Crime Report, Chainalysis, Jan 2024 Conversely, the data reveal an increase in ransomware attacks and darknet markets, indicating challenges in cybersecurity and a resurgence in these illicit activities.

Ransomware 116

Ransomware Crime Transactions Romance Scams 116

PYMNTS

JANUARY 30, 2020

Compare the French shutdown to the economic damage — approximately $11 billion — the United States’ government shutdown caused in early 2019. In Italy, consumer confidence in January 2020 grew to 111.8 from 110.8 in December of last year.

Economy 56

Economy Consumer Shutdown Central Bank 56

PYMNTS

FEBRUARY 20, 2019

LendingClub reported that loan originations were up double digits in the fourth quarter of 2018 , marked by growth in personal loans and auto loans in what the company termed as dynamic and competitive markets, and amid rising interest rates. In reference to its servicing portfolio balance, that tally was $13.7 billion, compared to $11.9

Origination 57

Origination Federal Trade Commission FTC Adjustments 57

PYMNTS

FEBRUARY 14, 2019

As consumers contained their spending at the end of 2018, a consumer spending indicator posted its biggest decline in a decade. percent in December on a seasonally adjusted basis to reach $505.8 Retail sales fell by 1.2 billion, while economists in one survey had forecast a 0.1 percent rise in sales, The Wall Street Journal reported.

Shutdown 43

Shutdown Adjustments Governance Government 43

PYMNTS

JUNE 3, 2020

percent over 2018 to $2.647 billion, adjusted operating margins reached 14.3 percent, and adjusted diluted earnings per share increased 49 percent to $11.66. The financial fallout from that will become evident when it announces its earnings on Thursday (June 4), but no apologies or excuses were forthcoming from Friedman.

Adjustments 52

Adjustments Shutdown On-Demand Risk 52

PYMNTS

OCTOBER 26, 2017

Speaking on the firm’s quarterly earnings call, Fairweather noted that the locations marked for shutdown will mainly be Rite Aid locations — and usually as a result of their proximity to another Walgreens or Rite Aid location. Ownership of the remaining stores will progress in phases and is forecast to be completed by spring 2018.

Shutdown 43

Shutdown Adjustments 43