Monthly retail sales hit $549.3 billion, up 1.9 percent in September, the biggest spike in three months, and the fifth month of increases, according to the retail sales report released on Friday (Oct. 16) by the U.S. Department of Commerce. Get the Full Story Complete...
The latest retail sales numbers indicate U.S. consumer spending is up, with increases in categories across the board. 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...
Seven months into the worldwide pandemic, Americans are facing empty savings accounts, reduced unemployment benefits and no relief in sight, according to an Oct. 16 (Friday) J.P. Morgan Chase Institute analysis and media reports. Get the Full Story Complete the form to unlock this article...
As Europe braces for a dreaded second wave of COVID-19, European Central Bank President Christine Lagarde is pledging to ride to the rescue with a major economic stimulus package if it proves necessary, CNBC reported. Get the Full Story Complete the form to unlock this...
Jobless claims in the week ending Oct. 10 increased to 898,000, up 53,000 from the previous week’s number, which was revised to 845,000 from the initial 840,000, the U.S. Department of Labor (DOL) reported on Thursday (Oct. 15). Get the Full Story Complete the form...
The International Monetary Fund (IMF) said the U.S. could help its economy by providing further stimulus payments, according to a transcript of a recent press briefing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
In an effort to hang on to customers during tough times, WeWork is cutting its rents as people continue to largely work from home, according to a Financial Times (FT) report Wednesday (Oct. 14). Get the Full Story Complete the form to unlock this article...
While coronavirus infections continue to rise in Europe, they’ll likely have less of an economic impact this time around, Klaas Knot, Dutch central bank president and European Central Bank board member, said on Tuesday (Oct. 13), Reuters reports. Get the Full Story Complete the form to...
The federal government’s Consumer Price Index (CPI) for residents of urban areas rose 0.2 percent in September, driven largely higher prices for used cars and trucks, the Bureau of Labor Statistics announced Tuesday (Oct. 13). Get the Full Story Complete the form to unlock this...
