Economy

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...

Economy
Digital Health Passports Seen Rising As Walmart Joins Growing List Of Providers
June 17, 2021

Convenience is the ultimate selling point of Walmart’s digital health wallet — which allows users to access personal health information, including COVID-19 vaccination records — especially in a market that’s been slow to take the plunge into the digital age until it was necessary during...

Economy
New Jobless Claims Tick Up As Labor Shortage Continues
June 17, 2021

As the U.S. economy begins to fully reopen after more than a year of lockdowns and layoffs, new unemployment claims declined six weeks in a row. This week, however, new claims have ticked up, according to the Thursday (June 17) report from the Bureau of Labor...

Economy
McDonald’s CEO Expects Dine-In To Bounce Back Despite Digital Ordering, Drive-Thru Surge
June 16, 2021

McDonald’s CEO Chris Kempczinski said the fast food giant will likely see in-person dining get back to normal soon, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Walmart Rolls Out Digital Wallets For COVID Vaccine Records
June 16, 2021

Walmart is offering customers access to their health information through a free digital wallet, according to a press release. Users can then decide whether to use this wallet to share their health info, beginning with their COVID-19 vaccination record. Get the Full Story Complete the...

Economy
New BLS Data Shows Inflationary Pressures Just Keep On Creeping Up
June 15, 2021

The cost of doing business  is up — mostly, as new government data indicates, because inflation is powerfully on the rise. Figures released by the Bureau of Labor Statistics on Tuesday (June 15) reveal the Producer Price Index (PPI) rose at a record rate in May,...

Economy
Harris Announcing $1.25 Billion Pandemic Award To CDFI Lenders
June 15, 2021

Vice President Kamala Harris will announce that $1.25 billion is being awarded to community development financial institutions (CDFI) lenders so they can help disadvantaged neighborhoods economically rebound from the COVID-19 pandemic, Bloomberg reported, citing an unnamed senior administration official.  Get the Full Story Complete the...

Economy
BoA Head Moynihan: Consumer Spending Up, Fed Accommodation Should Go Down 
June 14, 2021

Consumer spending is 20 percent higher this year than 2019, a signal Bank of America (BoA) CEO Brian Moynihan told CNBC is a sign that federal accommodation should go down. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
New COVID Outbreaks In Asia Threaten Global Supply Chain
June 11, 2021

New COVID-19 outbreaks in Asia have disrupted global supply chains and threaten to drag down the post-pandemic economic recovery, The Wall Street Journal reported on Friday (June 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...