Economy

Economy
US Senate Leaders Compromise On Fed Lending Powers In COVID Aid Deal
December 20, 2020

The new U.S. government coronavirus relief package will contain $600 direct checks, $300 unemployment benefits per week and aid for small businesses, schools and vaccination plans, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
New COVID Strain In UK Inspires Travel Bans
December 20, 2020

A highly infectious new COVID-19 strain has caused some countries to ban U.K. travelers from entering, according to The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
The COVID-19 Grinch That Tried (And Mostly Failed) To Steal Christmas 
December 19, 2020

Everyone knows the famous Dr. Seuss children’s Christmas story and movie “How the Grinch Stole Christmas.” 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...

Economy
Congress Still Debating Over Size Of Individual Stimulus, Unemployment Checks
December 17, 2020

Lawmakers are still debating the size and scope of proposed individual payments and enhanced unemployment benefits in the estimated $908 billion economic stimulus package being hammered out on Capitol Hill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Jobless Claims Top Forecasts, Increasing To 885K
December 17, 2020

Initial jobless claims for the week that ended Dec. 12 were up 23,000, hitting a high of 885,000 versus 853,000 expected, the U.S Department of Labor reported on Thursday (Dec. 17). The new numbers are roughly four times greater than new claims before the pandemic....

Economy
Fed Expects GDP To End Year Slightly Higher; Predicts 4.2 Pct Growth In 2021
December 16, 2020

The Federal Reserve has upped its expectations for the end-of-year forecast, now predicting that the real gross domestic product (GDP) will fall by only 2.4 percent, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Study: 67 Percent Of Main Street SMBs Say They’ll Do More Business Online Post-Pandemic
December 16, 2020

The first round of COVID-19 vaccinations are underway in the United States, and businesses are growing more optimistic about the future than they have been in months. The average small- to mid-sized business (SMB) with locations on Main Street U.S.A. now expects the pandemic to...

Economy
Consumers Expect Higher US Household Spending, Even As Some Fear Hard Times
December 15, 2020

Americans see both good and bad economic times ahead, with consumers predicting the highest jump in household spending in more than four years, even as the largest share since 2013 think they’ll be worse off this time next year, New York Federal Reserve figures show....

Economy
Warren Buffett Calls On Congress To Provide More PPP For Small Businesses
December 15, 2020

Berkshire Hathaway Chairman Warren Buffett is calling on Congress to provide more Paycheck Protection Program (PPP) loans to small businesses to help them survive the pandemic slowdown, which he likened to “an economic war.” Get the Full Story Complete the form to unlock this article...