The number of personal bankruptcy filings, one indicator of the American consumer’s financial health, fell to the lowest level in 15 years from April through June, according to the American Bankruptcy Institute (ABI). Get the Full Story Complete the form to unlock this article and...
If the coming pandemic relief package does not come with a payroll tax cut, President Trump has indicated this week that he will not sign the legislation. The president’s past advocacy for this approach, which could make paychecks lager for workers, has encountered bipartisan resistance,...
Back in April, the news on the retail front was gloomy, to say the least, with sales plunging by a record 16.4 percent. But that was back when the COVID-19 pandemic first hit, triggering an epic economic collapse. Get the Full Story Complete the form...
For the 17th consecutive week, the number of Americans who filed for unemployment benefits exceeded 1 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
The National Restaurant Association has issued a Blueprint for Restaurant Revival to help stabilize and stimulate the industry, including funding for restaurants and at-risk communities in need of help, according to a press release. Get the Full Story Complete the form to unlock this article...
More relief could be on the way for Americans hurting from the economic impacts of COVID-19. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
Philadelphia Federal Reserve President Patrick Harker says the mass spikes in coronavirus cases across the U.S. will likely dampen the economy as well, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
After three months of decline, the Consumer Price Index (CPI) from the U.S. Bureau of Labor Statistics (BLS) rose 0.6 percent in June for all items, buoyed by rises in the food and energy categories. Get the Full Story Complete the form to unlock this...
Federal Reserve Governor Lael Brainard said the road to recovery for the U.S. economy won’t be an easy one, according to The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
