Consumer spending went up 0.5 percent in April to $80.3 billion, with a $112.6 billion boost in the services sector that helped offset a $32.3 billion decrease in expenditures on goods, according to the monthly report by the Bureau of Economic Analysis (BEA) on Friday (May...
The Archegos Capital Management scandal that hit some of the world’s biggest banks with losses topping $10 billion is also affecting the market for special purpose acquisition companies (SPACs), the Financial Times reported on Friday (May 28). Get the Full Story Complete the form to unlock this article and...
The pandemic is moving into the rearview mirror. And a cursory read of the headlines may make it seem that we’re headed out from under unprecedented times of economic upheaval. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Nearly 60,000 stimulus payments made to dead people have been returned so far, according to a new report from the Treasury Inspector General. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
New jobless claims in the week ending May 22 dropped again — the fourth time in a row — coming in at 406,000, a decline of 38,000 from the previous week’s unrevised total of 444,000, according to the U.S. Department of Labor’s latest weekly report on Thursday...
Special purpose acquisition companies (SPACs) can now trade on the Tel Aviv Stock Exchange (TASE) following new regulations established by the Israel Securities Authority (ISA), Reuters reported on Monday (May 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The U.S. Labor Department had more good news on the economic front, as the (seasonally adjusted) number of people filing for unemployment dropped to 444,000 last week (ending May 15). That’s a decrease of 34,000 from the (revised) number of workers filing a claim the...
In Europe — with vaccinations campaigns underway and the pandemic easing — countries are eager to open up for tourism and travel. What that will mean exactly is still up in the air. Get the Full Story Complete the form to unlock this article and...
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