The Consumer Confidence Index rose in June, The Conference Board reported in a Tuesday (June 30) press release, but it is still not back to pre-pandemic levels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.S. Department of Labor (DOL) said the nation’s unemployment rate was 13.3 percent in May, but a closer look shows that the number is actually more than three times as large. Get the Full Story Complete the form to unlock this article and enjoy...
With the coronavirus still surging in the United States, Federal Reserve Chairman Jerome Powell is unsure about how the economy will fully recover, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
U.S. consumer spending skyrocketed in May for the biggest jump on record, but the news was offset by a drop in personal income and the threat of another wave of economic disruption as coronavirus infections surge in the Sunbelt and now in California as well....
While younger people in the millennial and Gen Z age groups report high levels of stress in a recent survey, the COVID-19 pandemic is not necessarily the main reason for that, CNBC reports. Get the Full Story Complete the form to unlock this article and...
The nation’s economic numbers were a mixed bag Thursday (June 25) with a higher-than-expected 1.5 million Americans filing jobless claims while durable goods orders rose by nearly 16 percent in May. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Call it the trickle down theory – in reverse. 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. By completing this form,...
A top British financial services regulator Friday proposed new regulations that could help borrowers bracing for the end of consumer protections implemented as COVID-19 bore down on the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
More people going back to work is only positive news if it can be done safely and in the long term, Boston Fed President Eric Rosengren indicated in remarks to the Greater Providence Chamber of Commerce on Friday (June 19). However, he acknowledged that U.S....
