Banks Spend Big to Boost Credit-Card Sign-Ups, Defying Recession Fears

Inflation is at a four-decade high, and a recession could be near. Credit-card issuers aren’t worried: They are aggressively courting new customers and trying to increase credit-card balances. Marketing expenses are up at big issuers, including American Express Capital One Financial and Discover Financial Services. New credit-card account openings are surging. Solicitations promoting zero-percent interest […]

U.S. Factories Are Far From Recession

Historically, even garden-variety economic slowdowns, much less full-blown recessions, have sent U.S. manufacturers into a deep funk. But right now, factories aren’t a source of gloom. The Institute for Supply Management on Monday said that its index of factory activity came in at 52.8 last month, down slightly from June’s 53, but still above the […]