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Articles by Purchasing Power
July jobs report: US economy sheds jobs as real wages sink to 5-year low
The US economy shed 23,000 nonfarm payroll jobs in July — the first outright monthly contraction in this economic cycle — while average hourly earnings rose just 2 cents and slowed to 3.2% year-over-year, the weakest wage growth since 2021 and a rate that trails the current inflation rate. American workers absorbed a double blow on Friday morning: fewer of them have jobs, and the paychecks those jobs pay now buy less than they did a year ago.
UAE and France discuss ways to enhance economic cooperation
Gulf Today | June 20, 2026 Abdulla Bin Touq Al Marri, Minister of Economy and Tourism, held a bilateral meeting with Serge Papin, France’s Minister for Small and Medium-sized Enterprises, Trade, Crafts, Tourism and Purchasing Power, to discuss opportunities to strengthen economic cooperation between the two countries, particularly in the fields of tourism, aviation, entrepreneurship, and small and medium-sized enterprises (SMEs).
Ho Chi Minh City proactively manages supply sources and maintains stable prices during the Lunar New Year holiday.
At traditional markets throughout Ho Chi Minh City, the Tet shopping atmosphere has already begun to liven up. Traders are proactively importing goods early, prioritizing products with clear origins and ensuring food safety, while also displaying and selling at the regulated prices. A wide variety of confectionery, candies, melon seeds, and dried foods are on display, catering to consumer preferences.
Key Benefits to Reduce Your Employees’ Financial Stressors and Improve Manufacturing Safety
From embracing new technologies to enhancing workplace training, the manufacturing industry has made strides to enhance operational efficiency and productivity, all while reducing costs and waste. In June 2024, construction spending to build or expand manufacturing facilities hit an all-time high of $238 billion—a clear signal of confidence in the sector.
Purchasing Power® Hires Sara Harris as National Sales Director
Harris to extend reach of its core employee purchase program and its financial wellness resources in the West & Midwest Regions ATLANTA, Feb. 13, 2025 /PRNewswire/ -- Sara Harris has been named National Sales Director at Purchasing Power®, a financial wellness voluntary benefit that offers the leading employee purchase program through the convenience of payroll deduction.
Research & Data - EdChoice
Despite the recent waves of school choice legislation and the national media attention, most Americans still have no idea what the education landscape looks like in their own backyards. For our October polling, we asked adults and school parents about their outlook on K–12 education, civic engagement activities, teacher pay, and priority issues in both federal and state elections.
IMF Ranks Russia As World’s Fourth-largest Economy By Purchasing Power
Russia just clinched fourth place on the global economic ladder, based on purchasing power parity (PPP), in new data from the International Monetary Fund (IMF). This makes Russia one of the top contributors to global economic growth, moving ahead of several Western economies. PPP adjusts for price differences across countries, giving more weight to nations with large populations and lower costs of living.
Purchasing Power® Releases New eBook to Support Retail Industry Talent Recruitment and Retention
Retail Industry Financial Wellness eBook is the Latest Publication in the Financial Wellness Voluntary Benefits Company's Series of Industry Research Reports , July 16, 2024 /PRNewswire/ -- Purchasing Power, a financial wellness voluntary benefits company, released the 2024 Retail Financial Wellness eBook, which provides HR professionals in the retail industries with actionable steps to take to successfully attract, hire, and retain employees in an industry that's been plagued by challenges,...
Saudi Declares June 16 Sallah Day
Saudi Arabia has announced the sighting of the Dhul Hijjah crescent which signaled the beginning of the 12th Islamic month. The announcement was made on Thursday. Consequently, tomorrow will mark the beginning of the holy month. Also, the Hajj pilgrimage for 1445 AH-2024 will commence on Friday, June 14, with the day of Arafah falling on Saturday, June 15. With the development, the Muslim biggest festival, Eid Al-Adha, will be observed on Sunday, June 16, 2024.
After Countless Denials, FG Admits To N5.4trn Oil Subsidy In 2024
In a surprising turn of events, the federal government has finally admitted Africa’s biggest oil-producing country will be spending up to N5.4 trillion on oil subsidies in 2024. This comes after months of repeated denials by government officials who insisted there were no subsidies.
Journalists Don’t Have Immunity, Can Be Arrested, Says Police
The Nigeria Police Force, on Thursday, denied allegations that it was out for witch-hunt against journalists, in a bid to suppress press freedom, through the application of the amended Cybercrime Act 2024. The Force said journalists do not enjoy immunity, noting that professionals are “criminally liable” once accused of a crime. The country has seen a series of crackdowns on journalists due to the implementation of the Cybercrime Act 2024 by the police.
Purchasing Power, GDP, Foreign Trade… Tinubu’s First Year By Economic Indicators
On May 29, 2023, President Bola Tinubu made several promises during his inauguration speech to rekindle hope in Nigerians searching for light at the end of the tunnel. Tinubu promised a decline in unemployment and a reduction of interest rates “to increase investment and consumer purchasing power” in ways that sustain the economy at a higher level. The president also said his administration would target higher gross domestic product (GDP) growth.
Purchasing Power® Appoints Alan Carkner as Regional Sales Director, Upper Central/West Territories
Purchasing Power® Appoints Alan Carkner as Regional Sales Director, Upper Central/West Territories , /PRNewswire/ -- Alan Carkner has been named Regional Sales Director, Upper Central/West Territories at Purchasing Power®, a financial wellness voluntary benefit that offers the leading employee purchase program through the convenience of payroll deduction. Carkner is based in Las Vegas and reports directly to Tim Kastrinelis, Vice President, Sales and National Partnerships at Purchasing Power.
Purchasing Power® Appoints Alan Carkner as Regional Sales Director, Upper Central/West Territories
Purchasing Power® Appoints Alan Carkner as Regional Sales Director, Upper Central/West Territories , /PRNewswire/ -- Alan Carkner has been named Regional Sales Director, Upper Central/West Territories at Purchasing Power®, a financial wellness voluntary benefit that offers the leading employee purchase program through the convenience of payroll deduction. Carkner is based in Las Vegas and reports directly to Tim Kastrinelis, Vice President, Sales and National Partnerships at Purchasing Power.
Purchasing Power® Appoints Alan Carkner as Regional Sales Director, Upper Central/West Territories
Purchasing Power® Appoints Alan Carkner as Regional Sales Director, Upper Central/West Territories , /PRNewswire/ -- Alan Carkner has been named Regional Sales Director, Upper Central/West Territories at Purchasing Power®, a financial wellness voluntary benefit that offers the leading employee purchase program through the convenience of payroll deduction. Carkner is based in Las Vegas and reports directly to Tim Kastrinelis, Vice President, Sales and National Partnerships at Purchasing Power.
Purchasing Power® Appoints Alan Carkner as Regional Sales Director, Upper Central/West Territories
Purchasing Power® Appoints Alan Carkner as Regional Sales Director, Upper Central/West Territories , /PRNewswire/ -- Alan Carkner has been named Regional Sales Director, Upper Central/West Territories at Purchasing Power®, a financial wellness voluntary benefit that offers the leading employee purchase program through the convenience of payroll deduction. Carkner is based in Las Vegas and reports directly to Tim Kastrinelis, Vice President, Sales and National Partnerships at Purchasing Power.
Purchasing Power® Completes $200 Million Asset Backed Securitization
Purchasing Power® Completes $200 Million Asset Backed Securitization , /PRNewswire/ -- Purchasing Power, LLC, a voluntary benefit company that offers the leading employee purchase program through the convenience of payroll deduction, announced today it closed a $200 million securitization on February 28, 2024. Capital One acted as Structuring Agent in the deal with Barclays Bank as Joint Bookrunner. The new credit facility will support Purchasing Power's growth plan into the first quarter of 2026.
Purchasing Power® Completes $200 Million Asset Backed Securitization
Purchasing Power® Completes $200 Million Asset Backed Securitization , /PRNewswire/ -- Purchasing Power, LLC, a voluntary benefit company that offers the leading employee purchase program through the convenience of payroll deduction, announced today it closed a $200 million securitization on February 28, 2024. Capital One acted as Structuring Agent in the deal with Barclays Bank as Joint Bookrunner. The new credit facility will support Purchasing Power's growth plan into the first quarter of 2026.
Purchasing Power® Launches eBook to Help Manufacturing HR Teams Recruit and Retain Top Talent
2024 Manufacturing Financial Wellness eBook is the Latest in a Series of Industry Reports from Financial Wellness Voluntary Benefits Company , /PRNewswire/ -- Purchasing Power, a financial wellness voluntary benefits company, is pleased to announce the availability of the 2024 Manufacturing Financial Wellness eBook. The eBook includes an overview of the manufacturing industry and findings from a survey Purchasing Power conducted of the manufacturing industry.
What is SatoshiVM? | CRYPTONEWSBYTES.COM - CryptoNewsBytes.com
BLOCKCHAIN What is SatoshiVM? | CRYPTONEWSBYTES.COM CryptoNewsBytes.com Jan 22, 2024 - 09:24 7 Bitcoin SV (BSV) is a blockchain system made for businesses. Its main goal is to follow the original vision of Bitcoin by Satoshi Nakamoto. It focuses on being stable, scalable, secure, and allowing fast transactions. In the BSV system, smart contracts are an interesting possibility. These contracts are like automated agreements where the terms are written in code.
Purchasing Power® Appoints Robert Yates as Director of National Platform Partnerships
, /PRNewswire/ -- Robert Yates has been named Director of National Platform Partnerships at Purchasing Power®, a financial wellness voluntary benefit that offers the leading employee purchase program through the convenience of payroll deductions. In this new role, Yates will be responsible for growing the company's national voluntary benefit platform partnerships through targeted new business development and streamlined launch process integration in this specialized distribution channel.
Purchasing Power® Completes $177 Million Credit Facility
, /PRNewswire/ -- Purchasing Power, LLC, a voluntary benefit company that offers the leading employee purchase program through the convenience of payroll deduction, announced today it closed a $177 million revolving credit facility. The credit facility is backed by Barclays Bank, who served as Administrative Agent, and Waterfall Asset Management. The new credit facility which closed on August 25 will support Purchasing Power's growth plan through the majority of 2025.
Purchasing Power® Survey: Healthcare Professionals Struggling with Financial Challenges Look to Employer Benefits for Practical Support
Purchasing Power® Survey: Healthcare Professionals Struggling with Financial Challenges Look to Employer Benefits for Practical Support 80% Agree that Financial Wellness Benefits are Just as Important as Salary , /PRNewswire/ -- Healthcare professionals are looking for new job opportunities and prioritizing benefits that support financial wellness, according to the 2023 Financial Well-being Survey: Healthcare Industry published by Purchasing Power.
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