Bank of America customers are spending more across all accounts than they did last year, but more stimulus is needed to support small businesses and people who are unemployed, according to CEO Brian Moynihan. Get the Full Story Complete the form to unlock this article...
The Job Openings and Labor Turnover Survey (JOLTS) indicates that the number of new job openings was largely unchanged at 6.7 million positions on Oct. 30, according to the latest report by the Bureau of Labor Statistics (BLS) on Wednesday (Dec. 9). Get the Full...
Eight months, 14.8 million new cases and 275,000 deaths after Congress passed the $2.2 trillion CARES Act in late March to cushion the economic blow of the coronavirus, and lawmakers are inching toward approving a second round of stimulus, albeit one less than half the...
Charlie Scharf, the CEO of Wells Fargo, thinks once the COVID vaccines are able to reach wide swathes of the country, the U.S. economy will recover quickly, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Treasury Secretary Steven Mnuchin said he presented a new $916 billion COVID-19 relief bill to House Speaker Nancy Pelosi, signaling the first move from the President Donald Trump administration to pass a stimulus bill since the election last month, Bloomberg reported. Get the Full Story...
Over 110,000 restaurants have shuttered since the start of the COVID-19 pandemic and another 500,000-plus establishments are in an “economic free fall,” the National Restaurant Association said in a letter to Congress. Get the Full Story Complete the form to unlock this article and enjoy...
It was only a few short years ago that the conventional wisdom was that millennials were shaping up to be slower entering the homebuying market than their Gen X siblings and baby boomer parents. The theory most famously put forth by the Washington Post’s Catherine Rampell...
Some of the top business groups in the United States are ramping up pressure on Congress to pass a second major stimulus package as coronavirus cases surge and the economic recovery shows signs of stalling out. Get the Full Story Complete the form to unlock...
The U.S. economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to the December survey from the National Association for Business Economics (NABE). Get the Full Story Complete...
