Economy

Economy
Bidenomics: Four Things To Watch For Financial Services
November 18, 2020

There are no easy economic fixes ahead when former Vice President Joe Biden takes office as president. Jobless claims are receding, but still stubbornly high. Vaccines are on the horizon to help usher in the end of the pandemic, once they become widely available (a process that...

Economy
JPMorgan Chase’s Dimon Scolds ‘Childish’ Congress For Stalling On COVID-19 Stimulus
November 18, 2020

One of the nation’s most powerful bankers lashed out at Congress on Wednesday (Nov. 18) over the stalled coronavirus relief package, chiding lawmakers for “childish behavior” that has prevented them from brokering a deal. Get the Full Story Complete the form to unlock this article...

Economy
College Towns Face Hard Choice Between COVID-19 Safety And Economic Ruin
November 18, 2020

Communities across the country that typically thrive alongside the colleges and universities they host are facing an array of COVID-19-era challenges. As the rate of on-campus infections soars among students, faculty and staff, and as regional travel restrictions increase, efforts to maintain normal in-person activities...

Economy
COVID Vaccine Reluctance Colored By Attitudes Toward Flu Shots
November 18, 2020

While COVID-19 cases continue to skyrocket, and variations of stay-at-home orders are rolling out throughout the United States, the rare bright spots of good news continue to trickle in from the vaccine development front. Because as the case counts continue to climb, there is a...

Economy
COVID And Big Medicine Spark The Rise Of Innovation Platforms
November 18, 2020

Science is a game won with time and patience, through trials where errors far outweigh success. In the race against deadly diseases – COVID-19 among them – time is, of course, of the essence. And high-tech – specifically, high-tech platforms employing machine learning (ML) and artificial intelligence...

Economy
McConnell Floats Possibility Of $500B In COVID Stimulus
November 17, 2020

As the deliberation over another pandemic-related stimulus continues, U.S. Senate Majority Leader Mitch McConnell said he’s open to a $500 billion package, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
States Seek Aid To Offset Estimated $400B Shortfall Due To COVID-19
November 17, 2020

Faced with the mounting costs of battling COVID-19, state governors across the United States are pushing for more federal relief as coronavirus infections soar and local hospital systems scramble to make room for patients the Associated Press reported. Get the Full Story Complete the form...

Economy
COVID Vaccine News Sparks Premature Stay-At-Home Stock Slump
November 17, 2020

After what feels like a never-ending stream of bad news about the COVID-19 pandemic, a bit of good news started to trickle into the market last week with an announcement by Pfizer that it had achieved a better than 90 percent success rate with minimal...

Economy
Vaccine Provides Hope, But Sports And Concerts Keep Live Event Plans Flexible
November 17, 2020

Despite recent positive progress that a COVID vaccine is moving closer to becoming a reality, when it comes to the resumption of the activities, sports and shows that constitute “normal life,” event planners say they still lack the visibility and confidence to safely stage large,...