New jobless claims for the week ending Oct. 2 dropped 38,000 to 326,000 compared to the previous week’s level of 364,000, according to the Thursday (Oct. 7) report from the Bureau of Labor Statistics. The previous week’s level was revised up by 2,000 from 362,000....
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Business bankruptcies are predicted to rise next year as governments pull the plug on pandemic-related financial support, CNBC reported on Wednesday (Oct. 6), citing a report by Euler Hermes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Depository Trust & Clearing Corporation (DTCC) has published a new white paper that outlines ways to promote central clearing around U.S. Treasury transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The union representing the professionals working behind the scenes in Hollywood — set builders, costume designers, video engineers and others — authorized a strike following failed talks at the bargaining table, a move that could shackle new production, The Washington Post reported. Sticking points are...
U.S. personal consumer expenditures (PCE) rose 0.8% ($130.5 billion) last month, coinciding with an uptick in personal income of 0.2% ($35.5 billion) and a 0.1% increase in disposable personal income (DPI) ($18.9 billion), the Bureau of Economic Analysis reported on Friday (Oct. 1). Get the...
Once again, restaurants are closing their dining rooms for virus-related reasons, though this time it is not out of fear of transmission — it is to avoid the challenges of enforcing vaccine mandates. Some quick service restaurant (QSR) locations in cities with proof of vaccine...
The United States has turned a new corner on the pandemic. Vaccination rates are rising, and, in turn, consumers’ worries about infection are receding. Health is therefore no longer consumers’ primary concern about how the pandemic might impact their lives. Forty-eight percent of consumers say...
The number of new jobless claims inched up again for the third week in a row, hitting 362,000 for the week ending Sept. 25, up 11,000 over the previous week’s unrevised 351,000, according to the Thursday (Sept. 30) report from the Bureau of Labor Statistics (BLS). Get...
