Recent debt data for Puerto Rico indicates that local consumers are likely to take on additional debt this holiday season. #NewsismyBusiness
Due to a late Thanksgiving Day on Nov. 28, this year’s holiday peak shopping season is five days shorter than in 2023. #NewsismyBusiness
The short-term-rental company says tourism spending through its platform sustained 25,000 jobs. #NewsismyBusiness
They emphasize e-commerce and early shopping strategies. #NewsismyBusiness
What do Millennials, Gen Xers and Baby Boomers have in common? Not much, except that they all rack up debt this time of year. With each generation having its unique financial issues, Consolidated Credit is offering specific advice. Consolidated Credit analyzed four years of debt management program data and found that Millennial enrollments are at an […]
Federal relief and recovery spending in Puerto Rico is mostly being used to contract mainland firms, which suggests that Stafford Act provisions have, up to this point, been sidestepped or ignored.
Troubled by reports of more than $30 million in expenses after one year of operations, U.S. Reps. José Serrano and Nydia Velázquez sent a letter to the Financial Oversight and Management Board for Puerto Rico expressing concerns over the lack of transparency and independent supervision related to its spending decisions.
We all learned this week, with considerable shock, that the Financial Oversight and Management Board for Puerto Rico has spent, during the course of just 10 months, the incomprehensible sum of $31 million out of our sad pockets.
The recession that has affected Puerto Rico’s economy for the better part of the last eight years has not been consumption-driven, but has been the worst in terms of consumption deceleration, especially in the area of durable consumption, an analysis by economist firm H. Calero Consulting Group Inc. concluded.
The governor also instructed agencies to accelerate infrastructure investment plans to revive the economy. In that vein, the government has identified $800 million in public and private investment in infrastructure projects that it will push aggressively.
Visa Inc. released its annual global Commercial Consumption Expenditure index, which estimates that commercial spending — including small, medium, large and governments — in Latin America and the Caribbean reached $7.8 trillion dollars in 2011.
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