Personal income and disposable personal income both fell about 1 percent in November, the U.S. Bureau of Economic Analysis reported on Wednesday (Dec. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Jobless claims are slightly down for the week ending Saturday (Dec. 19), with 803,000 initial claims, a decrease of 89,000 from the previous week’s revised level, the U.S. Department of Labor reported on Wednesday (Dec. 23). Forecasts anticipated 880,000 new claims for unemployment benefits. Get...
Commerce Department figures out Tuesday (Dec. 22) showed that the U.S. economy snapped back at a 33.4 percent annual rate during the third quarter following the second quarter’s 31.4 percent COVID-related tumble. That’s an even larger Q3 rebound than the 33.1 percent annual rate that the...
Chief financial officers (CFOs) taking part in The CFO Survey by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta are “reasonably optimistic about 2021,” one of the study’s leaders said in a news release. Get the Full Story...
In a video posted on President Donald Trump’s Twitter account Tuesday (Dec. 22), Trump said the recently-passed stimulus act is a “disgrace,” as he wanted more money in direct payments for Americans. Get the Full Story Complete the form to unlock this article and enjoy...
After what has been several months of debate, negotiation, sabre rattling and compromise, the United States Congress has finally passed a second round of stimulus, making it in under the wire before legislators left D.C. for their holiday break. And those funds, it seems, are...
An update to the U.S. government’s economic report boosted its earlier estimates of growth up by a bit. The economy, as measured by gross domestic product (GDP), grew by about one-third in the third quarter of 2020. Get the Full Story Complete the form to...
U.S. Treasury Secretary Steven Mnuchin told CNBC on Monday (Dec. 21) that Americans should see $600 individual stimulus checks as soon as next week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Facing a hard holiday deadline and the threat of a federal government shutdown, House and Senate negotiators were able to accomplish in six days what they had been unable to do for more than six months: reach a compromise on a COVID-19 stimulus package that...
