Economy

Markets
Some UK VC Firms Opening Funding Rounds To Individual Investors
June 25, 2021

Venture capital company Forward Partners is joining Draper Esprit and Augmentum in opening early-stage funding rounds and public offerings to individual investors via the PrimaryBid platform, the Financial Times reported on Friday (June 25) citing sources. Get the Full Story Complete the form to unlock this...

Economy
Personal Income Dropped 2 Pct Amid Lower Stimulus Benefits
June 25, 2021

Personal income dropped by 2 percent in May to $414.3 billion, beating forecasts that expected it to decline more, according to estimates released Friday (June 25) by the Bureau of Economic Analysis (BEA). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
NEW DATA: Ease, Convenience Drives Merchant Choice For 94 Pct Of Consumers
June 25, 2021

Many United States consumers are now out and about, free to shop at any number of reopened businesses and dine at various restaurants. If you were to stop any of these consumers and ask where they made their last purchases, however, the odds are strong...

Economy
Third GDP Estimate Of 6.4 Pct Unchanged From Second Measurement
June 24, 2021

The Gross Domestic Product (GDP) in the U.S. is up 6.4 percent for the first quarter of 2021, according to the third estimate released by the Bureau of Economic Analysis (BEA). Fourth-quarter GDP was up 4.3 percent. Get the Full Story Complete the form to...

Economy
New Jobless Claims Drop As Economy Picks Up
June 24, 2021

After an unexpected rise in new jobless claims last week, numbers are trending downward again for the week ending June 19, according to the Thursday (June 24) report from the Bureau of Labor Statistics. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Data Shows Low Income US Households Gained Wealth In Pandemic
June 23, 2021

The poorest half of United States households saw a boost in wealth amid the pandemic, Bloomberg reported. 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...

Economy
Report: Unvaccinated Morgan Stanley Workers, Clients Not Welcome At NY Offices
June 22, 2021

Those who work for Morgan Stanley or are clients of the financial institution (FI) and haven’t been vaccinated against COVID-19 won’t be allowed to enter the company’s offices in New York as of July 12, according to an internal memo, the Financial Times (FT) reported....

Markets
Direct Listings Fall Out Of Favor As Companies Utilize SPACs, IPOs
June 22, 2021

Direct listings have been having trouble living up to the hype as several recent ones have slumped, Bloomberg reported. 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
Fed’s John Williams: Bank Shouldn’t Cut Off Economic Support Yet
June 21, 2021

According to New York Fed leader John Williams, the U.S. Federal Reserve shouldn’t be so quick to cut off support to the still-recovering economy, the Wall Street Journal (WSJ) wrote Monday (June 21). Get the Full Story Complete the form to unlock this article and...