Economy

Economy
Delta Variant Fears Hit Wall Street 
July 19, 2021

Fears over the increased spread of the Delta variant of COVID-19 have triggered upsets on Wall Street as the main indexes dropped 1 percent or more, Reuters reported on Monday (July 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
As Stimulus Funds Wane US Economy Will Slow, Experts Say
July 19, 2021

The U.S. economy’s recovery might have already hit its peak for the time being. 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 to our daily newsletter, PYMNTS...

Markets
SPAC/IPO Listings Take On International Flavor As India’s Paytm Dominates Pipeline
July 16, 2021

Listings and listing announcements this past week, across initial public offerings (IPOs) and special-purpose acquisition companies (SPACs), took on a decidedly international flavor. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
US Business Applications Taper Off In June
July 15, 2021

Applications to start a new U.S. business aren’t spiking as much as usual for the month of June this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Markets
Day Trading Disrupts Credit Investing, Fund Managers Say
July 15, 2021

The rush of day trading is proving to have shaken up the world of credit investing, a new Bloomberg report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
The Child Tax Credit Is Rolling Out: How It Will Be Spent, What’s Next
July 15, 2021

Retailers and restaurants may be in for another consumer spending windfall as 39 million American families will find their bank accounts flush with a couple of hundred more dollars as the new and improved 2021 version of the child tax credit (CTC) officially begins rolling out Thursday (July 15). Get...

Economy
Jobless Claims Hit New Post-Pandemic Low
July 15, 2021

New jobless claims in the week ending July 10 dropped to 360,000, down 26,000 from the previous week’s revised level, according to the July 15 report from the Bureau of Labor Statistics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Costs Of Inflation, And Then Some, Pass Onto The Consumer
July 13, 2021

In most economies, especially those going through a rebound, inflation (at some point) is a fact of life. Merchants, faced with the rising costs of inputs, whether raw materials or wages, tend to pass along at least some of those costs to their end consumers....

Economy
Bullard: Fed Should Scale Back On Central Bank Bond Buying
July 13, 2021

It’s time for the Federal Reserve to ease up on bond-buying by the central bank, in part because keeping it up could cause problems in the housing market, which shows no signs of slowing down its brisk pace, Federal Reserve Bank of St. Louis President...