Economy

Economy
Shuttered Venue Operators Hanging On Delayed $15 Billion SBA Grants
February 16, 2021

A $15 billion Small Business Administration (SBA) grant program for companies in the business of live events has still not launched, The Wall Street Journal reported on Tuesday (Feb. 16).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Corporate Spending Budgets In Flux Over Uncertain Recovery Pace
February 15, 2021

Add the annual corporate budget to the list of pre-COVID-19 institutions upended by the pandemic, The Wall Street Journal reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
Data Shows Lower-Income COVID-19 Aid Recipients Quickly Spend The Funds
February 15, 2021

Lower-income recipients of COVID-19 relief payments are quickly spending the money they get, the Wall Street Journal reported Sunday (Feb. 14), citing data gleaned from tracking of usage of debit and credit cards. Get the Full Story Complete the form to unlock this article and...

Economy
Local ‘BeanCoin’ Currency To Help Bars In New Orleans
February 12, 2021

A homegrown currency known as “BeanCoin” is out to help bars in the New Orleans at a time when city officials have closed the establishments for Mardi Gras, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
UK’s 2020 Economy Worst In 300 Years
February 12, 2021

The economy in the U.K. contracted 9.9 percent in 2020, the worst year on record since 1709, the Office for National Statistics (ONS) said in a report on Friday (Feb. 12). The overall economic drop in 2020 was more than double in 2009, when U.K....

Markets
GameStop Trading Frenzy Being Probed For Misconduct
February 11, 2021

The trading frenzy that saw unexpected surges in GameStop, AMC and other stocks got the attention of federal regulators who are now investigating the rally for market manipulation or other misconduct, The Wall Street Journal reported on Tuesday (Feb. 11), citing sources. Get the Full...

Economy
Businesses, Consumers On Different COVID Recovery Timetables
February 11, 2021

With vaccines being rolled out and an end in sight, the temptation is to start whiningly asking “are we there yet?” when it comes to the world getting back to normal. As a growing number of Americans are slowly getting vaccinated and travel passports being...

Economy
UK Unveils Fund To Help SMEs Navigate Brexit
February 11, 2021

The U.K. government has created a fund of 20 million pounds to help small to medium-sized enterprise (SME) businesses navigate Brexit’s new trading rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
US Unemployment Declines For Fourth Consecutive Week
February 11, 2021

The number of Americans who filed for new jobless claims for the week ending Feb. 6 dropped for the fourth consecutive week, continuing the downward trend of 2021, but still slightly higher than economists’ expectations. Get the Full Story Complete the form to unlock this...