Economy

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...

Economy
40% of Consumers Are Pessimistic About the Economy, up From 32% in May 
December 17, 2021

Consumers’ perception of the economy has darkened since the spring. While 32% of consumers were pessimistic about the economy in May, that figure rose to 40% by October, according to Reality Check: The Paycheck-to-Paycheck Report, a PYMNTS and LendingClub collaboration based on surveys of more...

Markets
Paytm Shares Plunge to Lowest Level Since November Mumbai Market Debut
December 17, 2021

Paytm, China’s biggest public listing on the Stock Exchange of India (NSE), is giving investors cold feet, with shares closing below its market debut in November as the company’s road to profitability remains full of potholes. Get the Full Story Complete the form to unlock...

Economy
Airline Chiefs Answer for Flight Disruptions, Refund Policies During Senate Hearing
December 16, 2021

Airline executives faced the Senate on Wednesday (Dec. 15) on issues surrounding travel recovery and the effect of aid, The Wall Street Journal (WSJ) writes.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Trivago: Hotel Cancellations Up 35% Due to Virus Variant
December 14, 2021

Hotel booking cancellations are on the rise due to concerns over the most recent spate in COVID-19 restrictions alongside the arrival of the Omicron variant, Reuters reported Tuesday (Dec. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Senate Committee Hearing Puts Airline Chiefs in Hot Seat Over Cancellations, Staffing Shortages
December 14, 2021

CEOs for the airlines American, United and Southwest are slated to come before the Senate Committee on Commerce, Science and Transportation Wednesday (Dec. 15), Seeking Alpha reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Wholesale Prices Make Fastest Jump on Record in November
December 14, 2021

Wholesale prices increased 9.6% in November compared to the same time in 2020, marking their biggest year-to-year jump on record and presenting another sign that inflation is becoming a bigger economic issue, according to a U.S. Labor Department report on Tuesday (Dec. 14). Get the...

Economy
Omicron Variant Triggers Restrictions in Norway
December 13, 2021

Norway is looking at heightened COVID restrictions and vaccine efforts to combat the new omicron variant, Prime Minister Jonas Gahr Støre said on Monday (Dec. 13), Reuters reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Consumer Sentiment Recovers Slightly, After 10-Year Low 
December 10, 2021

Consumer sentiment in the U.S. rose to 70.4 for December of this year, a slight improvement from the 10-year low logged last month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...