Enova Reports Record Lending Volume Driven by Jobs, Consumer Spending

PYMNTS.com— Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance receivables increased 23% year over year, reaching a record $3.5 billion. Total company originations for the quarter totaled $1.4 billion, according to the press release. Small and medium-sized business (SMB) products […]

PYMNTS.com—DoorDash Reports Record-High Orders as Consumers Seek Digital Solutions, Convenience. DoorDash set new company records across several metrics in the first quarter as it continued to expand its services into new segments of the local retail economy. The on-demand delivery aggregator set new quarterly records for total orders, total dollar value of orders completed on its marketplaces, and revenue during the three-month period ended March 31, […]

Entrepreneur—McDonald's CFO Says 'Everybody's Fighting for Fewer Consumers' as Earnings Reports Show People Are Spending Less on Fast Food. Consumers are spending less on fast food, and major chains like McDonald's are pushing for a "street-fighting mentality" to win back customers. on Q1 reports, here.

Marketwatch—Jobs report: U.S. economy adds 175,000 new jobs in April, below forecast. A big surprise in the April jobs report was a paltry 5,000 increase in leisure and hospitality jobs. With Americans traveling a ton and going out to eat more than ever, hotels and restaurants have been hiring throngs of people. Job gains have averaged 55,000 a month in the past two years. Not so i