Economy

Economy
Tech Spending Set To Rise 7.4 Pct As Pandemic Ebbs
July 02, 2021

As the economy rises and the raging pandemic gets doused with vaccines, tech spending is set to grow. Forrester Research predicts that overall growth in U.S. tech budgets will be up by 7.4 percent this year and rise by 6.7 in 2022. Get the Full...

Economy
Nonfarm Job Growth Hits 850,000 In June, Beating Predictions
July 02, 2021

Total nonfarm payroll employment rose by 850,000 in June, far outstripping the revised 583,000 jobs created in May. The increase in jobs topped the predictions of analysts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
New Jobless Claims Hit Lowest Level Since Pandemic Began
July 01, 2021

Initial jobless claims for the week ending June 26 dropped 51,000 to 364,000 from the previous week’s level, which was revised up to 415,000, according to the Thursday (July 1) report from the U.S. Department of Labor. The numbers mark the lowest level for new...

Markets
Retail Investors Comprise 10 Pct Of US Daily Market Trading
June 30, 2021

Retail investors now comprise 10 percent of daily trading on the wide-ranging U.S. stocks index Russell 3000, U.S. News & World Report reported on Wednesday (June 30), citing a note from Morgan Stanley. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Markets
Southeast Asia’s Tech M&A Deals Reach Record High
June 30, 2021

Grab, Gojek, and Sea are leading the Southeast Asian surge in technology mergers and acquisitions (M&A), with deals totaling an estimated $19 billion during the first six months of this year, the Financial Times reported (June 30). Get the Full Story Complete the form to unlock...

Economy
ADP: 692K New Jobs Added From May To June
June 30, 2021

The U.S. economy has added some three million jobs in the private sector since the start of 2021, including 692,000 new positions this month, according to the June ADP National Employment Report released on Wednesday (June 30). Get the Full Story Complete the form to...

Economy
June US Consumer Confidence Up For Fifth Consecutive Month
June 29, 2021

The Conference Board Consumer Confidence Index went up in June, reaching its highest level since the COVID-19 pandemic took hold in March 2020, marking the fifth month in a row that the index increased. Consumer confidence offers a window into people’s perception of economic conditions...

Markets
Record Numbers Of IPOs, Mergers Likely On Wall Street In 2021
June 28, 2021

This summer is likely to be one rife with new investment deals, CNN writes. 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...

Economy
Post-Pandemic US Consumer Sentiment Continues Upward Trend
June 25, 2021

The University of Michigan’s Consumer Sentiment Index in June increased to 85.5 from May’s final reading of 82.9, the second-highest level since the COVID-19 pandemic took hold in the U.S. in March 2020, Bloomberg and other news outlets reported on Friday (June 25). The index...