A letter from over 125 economists, including former Federal Reserve Vice Chair Alan Blinder and Jason Furman, chairman of the Council of Economic Advisers during President Barack Obama’s administration, calls on U.S. lawmakers to act on new funding, saying the need for more stimulus funds...
The eurozone economy is backsliding amid a second lockdown in Europe triggered by a wave of new COVID-19 infections, according to a new analysis by IHS Markit released on Mondsy (Nov. 23). Get the Full Story Complete the form to unlock this article and enjoy...
U.S. taxpayers stand to absorb a hit of about $435 billion from borrowers’ failure to repay student loans currently on the federal government’s book, the Wall Street Journal reported Saturday (Nov. 21). Get the Full Story Complete the form to unlock this article and enjoy...
Consumers freed by a COVID-19 vaccine from the last eight months of disease-related restrictions could unleash enough spending on services such as travel and dining to drive inflation to levels not seen in years, economists told the Wall Street Journal. Get the Full Story Complete...
A growing wave of coronavirus cases and related restrictions could trigger a decline in first-quarter gross domestic product (GDP), J.P. Morgan economists said in a new forecast, CNBC reported Friday (Nov. 20). Get the Full Story Complete the form to unlock this article and enjoy...
The airline industry is once again taking a beating as accelerating coronavirus cases prompt the Centers for Disease Control (CDC) to ask that people stay home for Thanksgiving, leading to a drop in reservations. Get the Full Story Complete the form to unlock this article...
Former Federal Reserve Chairman Alan Greenspan said he’s “never seen anything like” the economic challenges incoming President-elect Joe Biden will face amid the pandemic, CNN reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Centers for Disease Control and Prevention (CDC) has come out with a warning against Americans traveling home for the Thanksgiving holiday, The Wall Street Journal (WSJ) reports, citing concerns with the rising COVID-19 cases. Get the Full Story Complete the form to unlock this...
New jobless claims ticked upwards last week, with 742,000 people filing for benefits while COVID-19 cases continued to accelerate in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
