Economy

Economy
ConnectedEconomy™ 2021: Forward Rethinks The Spirit And Intent Of Healthcare
April 26, 2021

There is perhaps no other sector in which the ConnectedEconomy™ can bring more benefits than in healthcare. The ability to integrate patient records across providers, simplifying payments, using biometrics and artificial intelligence (AI) to manage wellness promises to improve care and deliver improved health outcomes....

Markets
SEC Accounting Guidance Prompts SPACs To Add Disclaimers
April 23, 2021

New guidance from the Securities and Exchange Commission (SEC) has special purpose acquisition companies (SPACs) scrambling to add explanatory information to filing statements, Bloomberg reported on Friday (April 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
UK PMI Points To Strengthening Global Economy
April 23, 2021

The global economy is tracking for a strong rebound, evidenced by increases in European and Asian manufacturing output and the demand for services, according to the latest Purchasing Managers’ Index, which is published monthly by IHS Markit. Get the Full Story Complete the form to...

Economy
New Jobless Claims Continue Downward Trend
April 22, 2021

Initial unemployment claims for the week ending April 17 dropped by 39,000 to 547,000, the lowest level for initial claims since March 14, 2020, when it was 256,000, the Bureau of Labor Statistics (BLS) reported on Thursday (April 22). The previous week’s level was revised up by...

Markets
SPAC Market Drops Precipitously As US Regulators Eye Deals
April 21, 2021

It seems like only yesterday global mergers and acquisitions were having their best of times in four decades — with deals of around $1.3 trillion. Providing a big boost in the first quarter of 2021 was the boom in special purpose acquisition companies (SPACs). Get...

Economy
Failed $16 Billion Rescue Program Hits Sour Notes For Music Venues
April 18, 2021

A $16 billion federal program designed to help performance venues and museums closed due to COVID-19 that was supposed to debut more than a week ago has yet to go live, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to...

Economy
BNY Mellon CEO Sees ‘Encouraging Indicators’ Of Recovery
April 16, 2021

Even as his company reports a slight dip in revenue, BNY Mellon’s chief executive said on Friday (April 16) that he sees promising signs of recovery for the economy at large. “As we move from a period of resilience to a period of recovery and...

Economy
Jobless Claims Plunge To Lowest Level Since March 2020
April 15, 2021

Initial unemployment claims plummeted to a new pandemic low of 576,000, a decrease of 193,000 from last week’s revised level, the Bureau of Labor Statistics (BLS) reported on Thursday (April 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
IMF: Europe Could See Pre-COVID Economic Levels Next Year
April 14, 2021

While Europe’s economic recovery in the wake of COVID has been “halting and uneven,” there are promising signs on the horizon, the International Monetary Fund (IMF) said in a blog post on Wednesday (April 14). Get the Full Story Complete the form to unlock this...