Economy

Economy
UK Businesses Brace For More Hard Times As Pandemic Triggers New Lockdown
November 02, 2020

Amid a resurgence of COVID-19 cases, a new national lockdown was announced in the U.K. that will take effect on Thursday (Nov. 4) and continue through Dec. 2, according to new guidance issued by the government on Monday (Nov. 2). Get the Full Story Complete...

Economy
Mortgage Delinquencies, Eviction Notices Pile Up As Protections Wind Down
November 02, 2020

With federal protections on mortgage delinquencies and evictions that were put in place during the COVID crisis set to end December 31st, a growing backlog of non-payment by both owners and renters poses a major threat to the nation’s economic recovery. Get the Full Story...

Economy
Increased Consumer Demand For Durable Goods Fires Up Factories 
November 02, 2020

Accelerating demand for durable goods like cars and appliances is kicking up manufacturing at Asian and European factories despite rising cases of COVID-19, according to a Wall Street Journal (WSJ) report on Monday (Nov. 2).  Get the Full Story Complete the form to unlock this...

Economy
COVID-19 Shutdowns Re-Emerge, But Consumers Are Ready To Stay Home Anyway 
November 02, 2020

The COVID-19 numbers are bad almost every place one looks in the United States and Europe. It isn’t much of an exaggeration to say that on the eve of the holiday season, leaders, politicians and medical experts worldwide are preparing for the worst. Get the Full Story...

Economy
Big Tech Earnings Cement Digital-First Economic Shift
November 02, 2020

Economic headwinds abound. This week marks the culmination of an election season like no other. Virus cases are rising. 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...

Economy
NY Requires COVID-19 Tests For Travelers, Ends Quarantine Mandate
November 01, 2020

New York Gov. Andrew Cuomo is doing away with his policy of requiring travelers from COVID hotspots to quarantine, and will now instead be asking them to get tested for the virus before entering the state, CNBC reports. Get the Full Story Complete the form...

Economy
Companies Fear Economic Recovery Won’t Last
November 01, 2020

Even though many companies recently reported earnings that showed a faster-than-expected bounce back from the pandemic, executives remain leery about the foreseeable future, The Wall Street Journal (WSJ) reported Sunday (Nov. 1). Get the Full Story Complete the form to unlock this article and enjoy...

Economy
GDP Growth Makes Q3 Comeback, But Will COVID Nix Q4?
October 30, 2020

After what’s felt like a drumbeat of bad news about rising COVID-19 caseloads and economic problems around the world, there’s finally been a few breaths of good news. U.S. and European gross domestic product are bouncing back, while U.S. consumer spending is improving as well. Get...

Economy
US Personal Income Increase Beats Forecasts
October 30, 2020

September was the fifth consecutive month that U.S. personal income went up, posting an increase of 0.9 percent, the U.S. Bureau of Economic Analysis (BEA) reported on Friday (Oct. 30).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...