Economy

Economy
US Stimulus Payments Pass The 150-Million Mark
April 07, 2021

More than 25 million people received their Economic Impact Payments from the U.S. government on Wednesday (April 7), bringing the total disbursed so far to more than 156 million payments, or $372 billion. Get the Full Story Complete the form to unlock this article and...

Economy
JPMorgan’s Dimon Forecasts Economic Boom Post-Pandemic
April 07, 2021

J.P. Morgan Chase & Co. CEO Jamie Dimon said in his annual letter to shareholders that as the world emerges from COVID-19, he anticipates that the country will see boom times that could last until 2023. Get the Full Story Complete the form to unlock this...

Economy
California May Lift COVID Restrictions June 15 If Virus Surge Fades
April 06, 2021

June 15 is the set date for California to reopen — as long as there are enough COVID-19 vaccines, 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
IMF Boosts 2021 Global Growth Forecast To 6 Percent
April 06, 2021

The International Monetary Fund (IMF) on Tuesday (April 6) raised its forecast for global growth in 2021 to 6 percent, an increase of 0.5 percentage points from the 5.5 percent growth forecast the institution issued in January of this year. Get the Full Story Complete...

Economy
Immunity Passports Become Reality And Draw Mixed Reaction
April 06, 2021

Immunity passports are showing up in media reports at a never before seen rates in recent weeks, but the concept is far from new — nor was it invented for the age of COVID-19. People who want to travel to certain African nations, for example,...

Economy
New COVID Variants Delay Consumers’ Return To In-Store Shopping
April 05, 2021

Vaccinations are rolling along in the U.S. According to recent reports, over 100 million people in the U.S. — or 30.7 percent of the U.S. population — have gotten at least one dose of one of the three variations of the COVID-19 vaccine, per the...

Markets
Underwater SPACs Could Net Investors $1.1 Billion
April 05, 2021

About 300 special purpose acquisition companies (SPACs) launched during the first three months of 2021 could theoretically net investors big bucks, Bloomberg reported on Monday (April 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
American Foot Traffic Moving Slowly Despite Vaccinations
April 05, 2021

Vaccine distribution is up and the virus rate is dropping, but Americans are still not running out the door to mix and mingle in most states, the Wall Street Journal reported on Monday (April 5), citing data from the Bureau of Transportation Statistics. Get the...

Economy
Nonfarm Jobs Up By 916K As Economy Begins Rebound
April 02, 2021

The U.S. economy took a big step forward in March with total nonfarm payroll employment up by 916,000, beating analysts’ predictions. In addition, the unemployment rate inched down to down to 6.0 percent, the U.S. Bureau of Labor Statistics on Friday (April 2). Get the...