Unlike the CARES Act, which passed Congress in March with bipartisan support to deliver $2 trillion in economic relief to the country, this time Republicans and Democrats can’t even agree on what to name the new COVID-19 stimulus plan. Get the Full Story Complete the...
A new spate of data show consumer confidence might be on shaky ground — even as we head into the all-important holiday shopping season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The European Central Bank (ECB) is warning its members could face more challenges if the economic crisis deepens, 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 required....
The U.S. manufacturing sector increased in viability in June by 7.3 percent, or $14 billion — although the numbers might not hold if the pandemic continues to threaten recovery, according to a report from the U.S. Census Bureau. Get the Full Story Complete the form...
The opening salvo in what is sure to be a contentious fight for a new economic stimulus package was unveiled Monday (July 27). Senate Republicans officially unveiled their $1 trillion package, which proposed cutting extra pandemic-related unemployment benefits to $200 a week from the current...
About 14 percent of U.S. employees worked remotely before the COVID-19 pandemic, according to Bureau of Labor statistics. And while official figures have yet to be released on how stay-at-home orders have upped that, a new study by Massachusetts Institute of Technology economist Erik Brynjolfsson and others estimates...
As lockdowns resume in many U.S. states from a surge in coronavirus cases, a poll suggests the economic recovery has slowed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Wells Fargo is engaging in significant cost-cutting, including layoffs, in a bid to become more lean amid the pandemic-induced financial crisis, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In a sign that the Las Vegas Strip is not near its usual level of operations, Wynn Resorts Ltd. is positioned to put staffers on leave and close select operations on non-weekend days. Footfall in the city is said to be declining following the first...
