Economy

Economy
IMF Postpones World Economic Outlook to Consider Latest COVID Data
January 05, 2022

The International Monetary Fund (IMF) is postponing its World Economic Outlook by about a week until Jan. 25 to account for the more recent developments in the COVID-19 pandemic, Reuters reported on Wednesday (Jan. 5). Get the Full Story Complete the form to unlock this...

Economy
US Lawmakers Eye New COVID-19 Stimulus Funding for Businesses
January 05, 2022

U.S. lawmakers are debating more COVID-19 stimulus funding for the business community in an effort to stem the tide of economic struggles tied to the rapid spread of the omicron variant of the virus, The Washington Post reported Wednesday (Jan. 5). Get the Full Story...

Economy
Businesses Tap 2 Years of COVID Coping Skills to Dampen Omicron’s Bite
January 04, 2022

Remember first hearing someone use “COVID-19” in a sentence? 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 Today. By completing this form,...

Economy
US One-Day Record of 1M+ COVID-19 Positives Includes New Year’s Backlog
January 04, 2022

More than 1 million COVID-19 cases were registered Monday (Jan. 3) in the U.S., setting a single-day record, but with the caveat that the number included a testing backlog for coronavirus tests done during the New Year’s holiday weekend, according to a report in The...

Economy
Starbucks Issues New Employee Vax Mandate as Restaurants Take on Omicron
January 04, 2022

With COVID-19 cases breaking records each day, the restaurant industry is entering 2022 in a very different place than operators would have guessed just a month earlier. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
High New and Used Car Prices Keeping Pedal to the Metal Until Production Catches Up
January 03, 2022

As 2021 drew to a close, vehicle valuation and automotive research company Kelly Blue Book (KBB) released the startling stat that the “average used car price tops $27,000 for the first time,” noting that this base price is “a jaw-dropping 41% higher than in November of 2019, the last month...

Economy
Robotic Restaurant and Retail Workers Roll Toward Reality as Wage and Labor Snags Drag On
December 31, 2021

You’re unlikely to experience a robot attack at an eatery or retail store. Should you encounter a robot in such a setting, chances are it will take your order, bring your food or merchandise and do something cute, all while — and this is important...

Economy
CDC Adds Malta, Moldova, Sweden to Highest-Risk COVID Destinations
December 29, 2021

The U.S. Centers for Disease Control and Prevention have added Malta, Moldova and Sweden to the highest-risk destinations for travel due to COVID-19, CNN reported Wednesday (Dec. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Markets
British Companies Targeting US Retail Investors
December 29, 2021

Nearly 30 firms that are either headquartered in the U.K. or have stock market listings in the region have registered for two major “over-the-counter” markets operated by OTC Markets Group, which allows U.S. investors to buy their shares, according to a Financial Times report Tuesday...