Economy

Economy
Fed Signals Readiness To Act As Coronavirus Escalates
November 05, 2020

The Federal Reserve’s Thursday (Nov. 5) statement from the Federal Open Market Committee (FOMC) affirms its position to use the “full range” of tools at its disposal to stabilize the U.S. economy amid the pandemic. Get the Full Story Complete the form to unlock this...

Economy
US Jobless Claims Down Slightly Despite COVID Uptick
November 05, 2020

In the week ending Oct. 31 jobless claims were 751,000, dropping 7,000 from the previous week’s revised level, the U.S. Department of Labor (DOL) reported Thursday (Nov. 5). This is the eighth consecutive week unemployment filings went down since the coronavirus pandemic struck the U.S....

Economy
New COVID-19 Stimulus Deal Is Top Priority, Mitch McConnell Says
November 04, 2020

Senate Majority Leader Mitch McConnell said his first priority is passing a new COVID-19 stimulus bill before the end of the year, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
UK Shoppers Swarm Stores As New COVID-19 Lockdown Looms
November 04, 2020

Consumers are converging on stores and eateries in England before new lockdowns are enacted on Thursday (Nov. 5) on all non-essential venues, the Financial Times reported on Wednesday (Nov. 4).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
COVID Spawns Local SMB Loans, Mask Shortages And More Suburban Starbucks
November 04, 2020

With federal COVID-19 stimulus programs dried up for the moment and talks to renew them stalled, local communities are looking to fill the void by providing loans to SMBs that have been slammed by the coronavirus. Get the Full Story Complete the form to unlock...

Economy
Europe’s Economy On Edge As Second COVID Wave Hits
November 04, 2020

A top European Central Bank (ECB) policymaker has added his voice to rising concerns that renewed COVID-19 restrictions could cause a further downturn in the continent’s economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
ADP October Jobs Report Misses Optimistic Projections
November 04, 2020

Private sector payroll was sluggish in October, according to an ADP report on Wednesday (Nov. 4). The numbers missed optimistic projections as coronavirus infections continued to surge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
New York City Sees Surge In Street Vendors
November 03, 2020

Street vendors selling apples and other odds and ends became a common sight during the Great Depression. 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
Manufacturing Momentum Predicts Consumer Spend Recovery
November 02, 2020

Seems like the rebound has legs. 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 newsletter, PYMNTS Today. By completing this form, you agree to...