Economy

Economy
CDC Director Believes COVID-19 Vaccine Will Likely Be Generally Available In 2021
September 16, 2020

Centers for Disease Control and Prevention (CDC) Director Robert Redfield told a Senate subcommittee Wednesday (Sept. 16) that he thinks a COVID-19 vaccine would likely be generally available to the American public in late Q2 or Q3 of next year. Get the Full Story Complete...

Economy
Yelp: Roughly 98K US SMBs Permanently Closed Amid Pandemic
September 16, 2020

While some types of businesses have adapted and survived amid the pandemic-triggered economic crisis, restaurants and retailers have especially struggled. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Markets
Social Capital Hedosophia Launches New SPAC, Seeks $500M
September 15, 2020

Social Capital Hedosophia is looking to raise $500 million for a new blank check company, Bloomberg writes. 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
Report: US Median Income Up, Poverty Rate Down In 2019
September 15, 2020

Prior to the COVID-19 pandemic that struck earlier this year, U.S. median household income increased last year and the nation’s poverty rate fell 1.3 percentage points. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Markets
DraftKings Sees 17 Pct Surge In Shares After ESPN Deal
September 14, 2020

DraftKings shares rose by 17 percent following the sports gaming company’s new agreement with ESPN on Monday (Sept. 14), CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
House Republicans Move To Legislate Trump’s Payroll Tax Break
September 14, 2020

U.S. House Republicans are proposing legislation that if adopted by the Democrat-controlled body and GOP-run Senate would codify the payroll tax cut President Donald Trump granted through an executive order. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
US Consumer Sentiment Looks Uncertain As Holiday-Shopping Season Approaches
September 13, 2020

Many people prepared during the pandemic’s early days for what they forecast as a relatively short disruption to their daily lives — a few weeks or months of slowdown, followed by fast return to normal. Get the Full Story Complete the form to unlock this...

Economy
CDC Study: Dining Out Increases COVID-19 Risk
September 11, 2020

Patrons of restaurants and bars are more likely to contract COVID-19, the disease caused by the coronavirus, according to a survey by the Centers for Disease Control and Prevention (CDC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
US Consumer Price Index Rises 0.4 Pct In August
September 11, 2020

Following a 0.6 percent increase in July, the U.S. Bureau of Labor Statistics reported that the seasonally adjusted Consumer Price Index (CPI) for All Urban Consumers rose 0.4 percent in August. The bureau reported that the all items index climbed 1.3 percent prior to seasonal adjustment...