Goldman Sachs has cut its perception for U.S. economic activity for the near future, with the reasons being twofold: the slowdown in consumer spending and the rise of the COVID-19 Delta variant, CNN reported. Get the Full Story Complete the form to unlock this article...
The Federal Reserve is planning to meet this week to discuss when and how it will scale back its low pandemic interest rates, given the economic risks of the Delta variant and high inflation, the Associated Press (AP) reported. Get the Full Story Complete the...
Supply chains connecting the world’s economies are at or near the breaking point due to the COVID-19 surge, natural disasters in Asia and Europe and a potent cyberattack in South Africa, Reuters reported. Get the Full Story Complete the form to unlock this article and...
Business activity in the U.S. grew at a moderate pace in July for the second consecutive month, suggesting economic cooling in what was predicted to be a hotter quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As of mid-July, just under half (49.3 percent) of Americans report being vaccinated and roughly 57 percent are halfway there with a single dose. While lower than government projections, that tally has given people the confidence to go back out into the real world to...
The Labor Department’s Thursday (July 22) report showed that new weekly jobless claims for the week ending July 17 unexpectedly went up to 419,000, an increase of 51,000 from the previous week’s revised level. Last week’s number was revised up by 8,000 from 360,000 to...
Fears over the increased spread of the Delta variant of COVID-19 have triggered upsets on Wall Street as the main indexes dropped 1 percent or more, Reuters reported on Monday (July 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The U.S. economy’s recovery might have already hit its peak for the time being. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Applications to start a new U.S. business aren’t spiking as much as usual for the month of June this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
