Economy

Economy
Higher Supply Chain Costs Weigh On US Service Sector
March 03, 2021

In the service sector in the U.S., things were looking up in February. 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 newsletter, PYMNTS Today....

Economy
ADP Report: SMBs Add 89,000 New Jobs In February
March 03, 2021

Jobs are up 117,000 in the private sector according to the February ADP National Employment Report, a drop from January’s 195,000 upwardly revised level and missing the Dow Jones estimate of 225,000. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Senators Call For Recurring Stimulus Checks, Automatic Unemployment Extensions
March 02, 2021

A new coronavirus relief bill proposed by some lawmakers would allow for more recurring stimulus checks and automatic unemployment insurance extensions, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
CFPB: 10 Pct Of US Households At Risk Of Eviction, Foreclosure
March 02, 2021

A new Consumer Finance Protection Bureau report says that there are currently 11 million people at risk of losing their housing, whether by evictions or foreclosure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
EU Health Ministers Told To Step Up Vaccine Distribution
March 01, 2021

As the European Union gets ready to finalize vaccine certificates, health ministers have been told to step up the distribution of COVID-19 vaccinations, Bloomberg reported Monday (March 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Stimulus Update: House Passes $1.9 Trillion Package; Now Goes To Senate
February 28, 2021

The U.S. House passed President Joe Biden’s COVID-19 pandemic relief bill, which will allot $1.9 trillion to various pandemic-related remedies like stimulus checks, unemployment and vaccine aid, a report from ABC News said. Get the Full Story Complete the form to unlock this article and...

Markets
Next Congressional Hearing Set For Robinhood-GameStop Debacle
February 26, 2021

The U.S. House Committee on Financial Services will hold a second hearing on the Wall Street trading debacle that involved GameStop, Reddit, Robinhood and hedge fund traders, Crowdfund Insider reported on Friday (Feb. 26). Get the Full Story Complete the form to unlock this article and...

Economy
PayPal Joins Uber’s Effort To Provide Transportation To US Vaccination Sites
February 26, 2021

PayPal Holdings, Inc. has become a part of Uber Technologies, Inc.‘s initiative to offer free or discounted trips to inoculation sites in the United States to help ensure that transportation isn’t a barrier to vaccine access, according to a Friday (Feb. 26) announcement. Get the Full...

Markets
Report: Robinhood In Talks To Pay Financial Penalty
February 26, 2021

To settle probes into its options trading processes and the downtime that its equity trading app faced last year, Robinhood Markets Inc. is in discussions to pay a financial penalty, The Wall Street Journal reported, citing a securities document. The Financial Industry Regulatory Authority (FINRA),...