Production at American factories saw a surprise drop at the end of 2021, helped along by a decline in motor vehicle manufacturing, which was itself caused by the continuing semiconductor shortage. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The U.K. economy surged past its pre-pandemic level for the first time in almost two years in November when it grew 0.9% in the month, in part because shoppers decided to start their holiday gift hunts earlier than they had in the past, according to...
TPG’s shares have jumped in their first day of trading, the Financial Times reported Thursday (Jan. 13). 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...
Initial unemployment claims for the week ending Jan. 8 unexpectedly increased to 230,000, the most since the middle of November but still below pandemic averages, according to the latest report from the Bureau of Labor Statistics on Thursday (Jan. 13). It’s the second week in...
A German biotech firm and a north African artificial intelligence (AI) startup have developed an early warning tool that can the highest risk COVID-19 variants months in advance, according to a new study. Get the Full Story Complete the form to unlock this article and...
Inflation rose 7% over the last year, the highest level in 40 years, the Bureau of Labor Statistics said in its Consumer Price Index (CPI) report Wednesday (Jan. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
J.P. Morgan CEO Jamie Dimon said the U.S. would have the “best growth” in decades in 2022, CNBC reported Monday (Jan. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Omicron staff shortages in the U.K., including illnesses as well as mandatory isolation, might end up cutting $48 billion in output in January and February, Bloomberg reported Sunday (Jan. 9), citing The Sunday Times. Get the Full Story Complete the form to unlock this article...
Hiring missed economists’ payroll forecasts, with just 199,000 jobs added in December, lower than November’s meager gains of 210,000, according to the U.S. Bureau of Labor Statistics (BLS) report on Friday (Jan. 7). The unemployment rate dropped to 3.9% from November’s 4.2% Get the Full...
