Economy

Economy
CVS, Walmart To Provide COVID Vaccinations
December 10, 2020

Major U.S. retailers CVS and Walmart are readying to begin distributing COVID-19 vaccines, according to published 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. yesSubscribe to our...

Economy
Uber Seeks COVID-19 Vaccine Priority For Rideshare, Delivery Drivers
December 10, 2020

Uber wants its delivery and rideshare drivers to be prioritized for COVID-19 vaccinations and sent letters to U.S. state governors requesting early access, Reuters reported on Thursday (Dec. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Markets
Airbnb Goes Public At $146 Per Share, More Than Double IPO Pricing
December 10, 2020

Airbnb began trading at $146 a share on Thursday (Dec. 10) at more than two times the price set for its initial public offering (IPO) the previous day. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
U.S. Initial Jobless Claims Rise To 853,000 Along With Increasing COVID-19 Cases
December 10, 2020

An increasing number of Americans were forced out of work as new coronavirus cases reached record-breaking levels. New jobless claims surged 137,000 over last week’s revised totals, hitting 853,000, the U.S. Department of Labor Department (DOL) reported on Thursday (Dec. 10). Get the Full Story...

Economy
Bank of America: Spending Up Over 2019 Despite Virus Acceleration
December 10, 2020

Bank of America customers are spending more across all accounts than they did last year, but more stimulus is needed to support small businesses and people who are unemployed, according to CEO Brian Moynihan. Get the Full Story Complete the form to unlock this article...

Markets
DoorDash Shares Surge Over 85 Pct On First Trading Day
December 09, 2020

DoorDash soared on its first day of trading on the New York Stock Exchange Wednesday (Dec. 9), surging over 85 percent from its initial public offering (IPO) price of $102 to close out the trading day at $189.51. The food delivery company trades under the...

Economy
JOLTS: Little Change In Job Openings, New Hires Amid Slowing Labor Market
December 09, 2020

The Job Openings and Labor Turnover Survey (JOLTS) indicates that the number of new job openings was largely unchanged at 6.7 million positions on Oct. 30, according to the latest report by the Bureau of Labor Statistics (BLS) on Wednesday (Dec. 9). Get the Full...

Economy
Stimulus Negotiators Face Pressure From All Sides To Rapidly Approve Package
December 09, 2020

Eight months, 14.8 million new cases and 275,000 deaths after Congress passed the $2.2 trillion CARES Act in late March to cushion the economic blow of the coronavirus, and lawmakers are inching toward approving a second round of stimulus, albeit one less than half the...

Economy
Brand-New Data: Imminent Vaccine Availability No Magic Bullet Against COVID Fears
December 09, 2020

Days after the first Pfizer/BioNTech vaccine announcement was made, PYMNTS set out to discover how a much-anticipated COVID-19 immunity shot is likely to move the needle of normalcy and begin to boost confidence, allowing America to affect a recovery in full. Get the Full Story...