The U.S. gross domestic product (GDP), a broad measure of economic activity, grew at an annualized rate of 5.7 percent during the third calendar quarter of 2021, which ends in about a week, the Federal Reserve Bank of Atlanta estimates. Get the Full Story Complete...
The global supply chain slowdown is affecting some of the largest food distributors in the U.S., which are having trouble fulfilling orders because of a lack of workers, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
New jobless claims dropped to a new pandemic-era low, coming in at 348,000 for the week ending Aug. 14, a drop of 29,000 from the previous report, according to the latest figures from the Bureau of Labor Statistics (BLS) on Thursday (Aug. 19). Get the...
The U.S. Department of the Treasury and the Internal Revenue Service on Friday (Aug. 13) paid more than $15 billion to families for the almost 61 million children eligible for the expanded Child Tax Credit from the American Rescue Plan. Get the Full Story Complete...
Brett White, CEO of commercial real estate brokerage firm Cushman & Wakefield, says he has optimism in the office market, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Delta variant heralds a new wave of restrictions, which may not bode well for companies (and stocks) that have been moving toward reopening as vaccinations have surged, too. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
People are still spending money on non-essentials, with Visa’s U.S. Spending Momentum Index (SMI) up 0.8 points over June to reach 112.5. When the SMI exceeds 100, that signals that consumer spending is growing year over year. Get the Full Story Complete the form to...
Of the 943,000 jobs added in July, more than 40 percent were in the leisure and hospitality sector, with 380,000 new positions, according to the Friday (Aug. 6) Economic Situation Summary report released by the Bureau of Labor Statistics (BLS). Get the Full Story Complete...
New jobless claims for the week that ended July 31 dropped by 14,000 to 385,000, slightly higher than economists’ forecasts of 383,000 and still way above pre-pandemic levels of 218,000. Overall, the numbers are significantly down from the historic high of 6.2 million last April....
