After what’s felt like a drumbeat of bad news about rising COVID-19 caseloads and economic problems around the world, there’s finally been a few breaths of good news. U.S. and European gross domestic product are bouncing back, while U.S. consumer spending is improving as well. Get...
September was the fifth consecutive month that U.S. personal income went up, posting an increase of 0.9 percent, the U.S. Bureau of Economic Analysis (BEA) reported on Friday (Oct. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
It was a pretty low bar to hurdle. 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 Today. By completing this form, you...
The Bureau of Economic Analysis reported on Thursday (Oct. 29) that real gross domestic product (GDP) rose at an annual rate of 33.1 percent in Q3 2020 as part of its “advance” estimate. Get the Full Story Complete the form to unlock this article and...
Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct. 24, some 40,000 lower than the previous week’s revised levels, according to the Thursday (Oct. 29) report from the U.S. Department of Labor (DOL). That’s the lowest level since the pandemic began, although...
Congress has not yet arrived at another stimulus deal after months of discussions, while the probability that anything will be ratified before the election on Nov. 3 is, in effect, zero as Senate Majority Leader Mitch McConnell indicated that the legislative body will be out...
The U.S. economy may be rebounding faster than previously thought, with orders of durable goods – from cars to communications equipment – handily beating estimates for September. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
“At Nium, our focus has always been on use-case and product diversification. The recent pandemic has only reiterated this need,”says Prajit Nanu, co-founder and CEO of Nium. Here, he shares how Nium has used the pandemic as an opportunity to improve its unit economics, leading...
What does the shape of recovery look like? Even with a new surge of virus cases coming, MerchantE Chief Financial Officer Shimon Steinmetz says that an Airbnb IPO and increased mortgage applications are the positive economic tea leaves we need to see.
