Economy

Economy
Kudlow Promises New Jobless Aid, Says Economy Is On ‘Self-Sustaining Recovery’
August 19, 2020

White House economic advisor Larry Kudlow said the economy is rebounding “very, very strongly” and would continue to do so, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Revised Data Shows US Jobs Down 173,000 Through March
August 19, 2020

Job growth in the United States was apparently weaker in the year through March, with the number of new workers added to payrolls revised down by 173,000, Bloomberg reported. That number comes out to around 14,400 per month. Get the Full Story Complete the form...

Economy
Fed Officials Expect Lingering Economic Impact Of Virus
August 19, 2020

The Federal Reserve Open Market Committee (FOMC) said economic activity in the U.S. appears to have “picked up” in May and June after steep decreases in March and April, according to minutes from its July 28-29 meeting. Get the Full Story Complete the form to...

Economy
Cuomo: NYC Restaurants May Have To Close In Colder Weather
August 19, 2020

New York Gov. Andrew Cuomo has said New York City restaurants may have to close down again in the fall due to the coronavirus and the cooling weather, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Census Says eCommerce Sales Grew 44 Pct YOY – Why It Could Be Even More...
August 18, 2020

There’s data and then there’s the story the data can tell — and sometimes the story you get is not the whole story. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Pizza Hut To Shutter Up To 300 Locations
August 17, 2020

NPC International, the largest Pizza Hut and Wendy’s franchisee in the U.S., plans to close as many as 300 Pizza Hut restaurants after a deal was reached to pave the way for a sale of the company’s remaining pizza locations, CNBC reported. Get the Full...

Economy
Airlines Prepare For Layoffs, Flight Cuts As Benefits End
August 13, 2020

Robin Hayes, JetBlue‘s CEO, is adding his voice to the chorus of airline officials in need of more federal help for the airline industry, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
US Jobless Claims Fall Below 1M For The First Time Since March
August 13, 2020

The number of Americans who filed for jobless benefits fell below one million for the first time since late March, the U.S. Department of Labor (DOL) reported on Thursday (Aug. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Fed Officials: Economy Unlikely To Recover Before Vaccine Is Available
August 12, 2020

Federal Reserve officials said they don’t think the economy is coming back in full until the pandemic is contained, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...