Economy

Economy
‘Great Reopening’ Theme Hits Speed Bumps On Wall Street And Beyond
August 11, 2021

The Delta variant heralds a new wave of restrictions, which may not bode well for companies (and stocks) that have been moving toward reopening as vaccinations have surged, too. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Visa Index Shows Hot July Discretionary Consumer Spending
August 11, 2021

People are still spending money on non-essentials, with Visa’s U.S. Spending Momentum Index (SMI) up 0.8 points over June to reach 112.5. When the SMI exceeds 100, that signals that consumer spending is growing year over year.  Get the Full Story Complete the form to...

Economy
UK Report: Business Closures In Q2 Second Highest Since 2017 With Small Businesses Taking A...
August 09, 2021

The number of businesses in the U.K. that closed in Q2 was the highest since 2017 as the number hit 105,455, according to a report from the Office of National Statistics. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Delta Variant Triggers Slowdown On Great Reopening
August 09, 2021

There was a bit of quiet before the Delta variant stormed, a few months when people ditched masks, filled stadiums and mingled with friends for indoor dining and shopping. Offices nationwide started planning September back-to-the-office dates to align with back-to-school. Life was heading back toward...

Economy
US Businesses Brace For Updated COVID Rules
August 09, 2021

All manner of businesses across the United States are again requiring that customers wear masks, the Associated Press reports. 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...

Economy
Adidas, Nike Among Brands Hit With Supply Chain Issues Amid Vietnam COVID Rise
August 08, 2021

The rise of the COVID-19 Delta variant has shuttered factories in Vietnam, which Financial Times (FT) writes has had adverse effects for global brands. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Vaccination Takes To The Skies As United Rolls Out New Requirements For Employees
August 06, 2021

In the face of consistently climbing COVID-19 infections due to the highly contagious Delta variant, United Airlines has announced it will require its 68,000 workers to be vaccinated this fall, marking the first such move by a major airline. Get the Full Story Complete the...

Economy
Jobs Up, Unemployment Down With Hospitality Leading The Way
August 06, 2021

Of the 943,000 jobs added in July, more than 40 percent were in the leisure and hospitality sector, with 380,000 new positions, according to the Friday (Aug. 6) Economic Situation Summary report released by the Bureau of Labor Statistics (BLS). Get the Full Story Complete...

Economy
COVID-19 Surge Delays Amazon Return To Office Until 2022
August 05, 2021

Amazon corporate employees will wait a few more months to return to their offices, after the company announced it will push it back until at least Jan. 3, 2022, after previously targeting September. Get the Full Story Complete the form to unlock this article and...