Economy

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...

Economy
What To Make Of The Gradual Return Of The In-Office Workforce
October 29, 2020

Anecdotally speaking, the physical world of work is feeling like a pretty lonely place these days. 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...

Economy
COVID Case Spike Adds Fuel To Digital-First Economy
October 29, 2020

COVID-19 is unfortunately seeing a new wave of infections. Outside of the health concerns and personal toll the disease is taking, the new developments are adding rocket fuel to the digital-first economy. This new acceleration of cases comes at a time when consumers are becoming...

Economy
GDP Surges – But What’s Next For The Consumer?
October 29, 2020

It was a pretty low bar to hurdle. 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...

Economy
US GDP Rebounds With 33.1 Pct Annual Increase
October 29, 2020

The Bureau of Economic Analysis reported on Thursday (Oct. 29) that real gross domestic product (GDP) rose at an annual rate of 33.1 percent in Q3 2020 as part of its “advance” estimate. Get the Full Story Complete the form to unlock this article and...

Economy
US Jobless Claims Hit Lowest Level Since Pandemic Began
October 29, 2020

Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct. 24, some 40,000 lower than the previous week’s revised levels, according to the Thursday (Oct. 29) report from the U.S. Department of Labor (DOL). That’s the lowest level since the pandemic began, although...

Markets
Payment Firms’ Stock Rout Hints At Consumer Spend Worries
October 28, 2020

The hopes may have been that consumer spending had been on the rebound, entrenched enough to stay positive, enough to save the holiday shopping season, and maybe beyond. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Germany, France Plan Business Closures Amid Uptick In COVID Cases
October 28, 2020

To fight a rise of COVID-19 infections, authorities in both Germany and France have opted to institute a partial lockdown for a month, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
New COVID-19 Wave Crashes Through Global Economy
October 28, 2020

It’s been a week of all the wrong kinds of COVID-19 records getting set all over the world. In the United States, the average number of new daily cases hit another record on Monday (Oct. 26), as 36 states reported an alarming spike in new...