Economy

Economy
The 21 Months That Changed the World and Ignited the Great Digital Shift
December 24, 2021

Transport yourself back to April 2020. A national emergency had been declared on March 11, and the lockdowns started soon afterward. Employees in the millions were bemused by orders to work from home. Panic shopping for cleaning supplies and personal protective equipment (PPE) was kicking...

Economy
Key US Delivery Hub Suffering Labor Shortage
December 22, 2021

Louisville, Kentucky — which was a major delivery hub for U.S. carriers even before the COVID-19 pandemic turbo-charged online shopping — is suffering a severe labor shortage, the Wall Street Journal reported Wednesday (Dec. 22). Get the Full Story Complete the form to unlock this...

Economy
Paycheck to Paycheck Consumers Squeezed By Largest Import Food Price Increases In 10 Years
December 22, 2021

After months of anecdotal evidence and first-hand experience, new government data has confirmed and “put a number on” what most consumers already know all too well: food has gotten very expensive, especially if it is being brought in from overseas. Get the Full Story Complete...

Economy
COVID Concerns Prompt Facebook, Twitter, Pinterest to Bow Out of CES
December 21, 2021

Facebook parent Meta, Twitter and Pinterest all announced separately that they will not be sending teams to the Consumer Electronics Show (CES) due to concerns over the omicron variant of COVID-19, Reuters reported. Get the Full Story Complete the form to unlock this article and...

Economy
Inflation, COVID Variants Pose Fresh Challenges for Paycheck-to-Paycheck Consumers in 2022
December 21, 2021

The stimulus checks are largely disbursed. New COVID-19 variants are here. Inflation is running at record highs. 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...

Economy
Goldman Sachs: Loss of Child Tax Credit Could Upend Economic Recovery
December 20, 2021

U.S. economic recovery could stall if the estimated 65 million households receiving monthly child tax credits are cut off at the end of the year, Goldman Sachs economist Jan Hatzius said in a note to clients Sunday (Dec. 19), according to reports. Get the Full...

Economy
Omicron Upends Business Travel Rebound That Barely Found Footing
December 20, 2021

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Economy
Davos Economic Forum Postponed; Israel Imposes Travel Bans
December 20, 2021

For the second consecutive year, the World Economic Forum (WEF) has postponed the forum’s meeting that was scheduled for Jan. 17-21 at Davos, the Swiss mountain resort.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Travel Restrictions Back in Parts of Europe
December 19, 2021

European countries have been looking at ways to cut down the spread of the COVID Omicron variant, with various countries passing down new rules and restrictions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...