Economy

Economy
ADP Data Shows Private Companies Added More January Jobs Than Forecast
February 03, 2021

U.S. businesses added 174,000 jobs in January, bouncing back from a 78,000 drop in December and beating economists’ forecasts, according to data released Wednesday (Feb. 3) by payroll processor ADP. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Markets
Day Traders Now Targeting SPACs
February 02, 2021

The day traders buoying GameStop stocks are now moving into special purpose acquisition companies (SPACs), The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Travel Industry Coalition Predicts Business Travel Rebound By 2025
February 02, 2021

An annual report by the Global Business Travel Association (GBTA) analyzing the business travel sector predicts business travel will rise toward the end of the year and will fully recover by 2025. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
$231.8 Million Deal Boosts 15-Minute At-Home COVID-19 Test Production
February 01, 2021

The Biden administration has closed a $231.8 million deal with Ellume USA to step up production of its 15-minute, no prescription, at-home COVID-19 test, according to a Monday (Feb. 1) Department of Defense news release. Get the Full Story Complete the form to unlock this article...

Economy
Government Aid Expected To Spur Economy To Pre-COVID Peak In Mid-2021
February 01, 2021

A new report predicts the U.S. economy and jobs market will take years to recover from the coronavirus economic crash. However, gross domestic product (GDP) will return to pre-COVID levels, in part due to government stimulus packages, by mid-2021. Get the Full Story Complete the...

Economy
Stimulus Essentials: A Week Of Congressional Negotiations Begins
February 01, 2021

A new presidential administration has begun, a new House and Senate have been sworn in, and more stimulus, it seems, is going out. How much more? That remains a subject for debate on the floor of Congress this week. It’s yet to be determined exactly...

Economy
Salesforce Offers Cloud Management System For COVID-19 Vaccine Rollout
February 01, 2021

San Francisco-based Salesforce has officially launched its “Vaccine Cloud,” a technology package designed to help manage the rollout of the COVID-19 vaccines. The technology “will help government agencies, healthcare organizations, businesses, nonprofits and educational institutions more rapidly, safely and efficiently deploy and manage their vaccine...

Markets
Robinhood: Stocks Had To Be Shut Down Over High Deposit Requirements
January 31, 2021

Robinhood, the stock trading app purporting to let anyone join in the market, answered questions in a blog post on why it had shut down certain securities like GameStop. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Cuomo: NYC Restaurants Might Open Indoor Seating Again On Feb 14
January 29, 2021

If coronavirus cases stay at a stable level, New York Governor Andrew Cuomo said eateries in the Big Apple will be able to open again for indoor dining starting on Valentine’s Day at restricted volume, CNBC reported. Get the Full Story Complete the form to...