Economy

Economy
PayPal Warns Of Q1 Revenue Hit From Coronavirus
February 27, 2020

PayPal said that after thoroughly analyzing the evolving Coronavirus effect, it is anticipating about a 1 percent drop in its first-quarter 2020 revenue, closer to the lower end of the forecasted range of $4.78 to $4.84 billion. Get the Full Story Complete the form to...

Economy
Index Reflects Stalled US Consumer Confidence
February 25, 2020

The consumer confidence index, which measures people’s assessment of the business and labor environment, rose less than expected for the month of February, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Fed’s Bullard Sees Coronavirus As Having ‘Short-Term’ Impact
February 21, 2020

Call the Coronavirus a short-term blip, perhaps, or a temporary shock. 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...

Economy
N26’s UK Customers Scramble After Bank’s Exit
February 18, 2020

Online bank N26‘s decision to exit the U.K. has customers feeling left behind, CNBC reported. The Berlin-based digital bank said it would not be able to operate in the country anymore in the wake of Brexit, as it will no longer have a license to...

Economy
Gov’t: US Manufacturing Spend Dips As US Consumer Spending Rises
February 16, 2020

A warm January led to utilities dropping 4 percent for the month as Americans reduced their reliance on heat, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
2020 Economy Off To A Slow Start
February 14, 2020

Both factory output and a key measurement statistic for retail sales were down in January, signaling a slow start to the economy this year, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
N26 Exits UK Post Brexit
February 11, 2020

FinTech bank N26, based in Germany, will no longer operate in the U.K. following Brexit, according to reports. N26 customers will need to transfer deposits, spend all their money or withdraw funds before their accounts close on April 15, 2020. Get the Full Story Complete the...

Economy
UK Will Use Border Controls After Brexit For EU Imports
February 10, 2020

The U.K. said it is going to start putting import controls on goods coming in from the European Union after the Brexit transition finishes at the end of this year, according to a report by Reuters. Get the Full Story Complete the form to unlock...

Economy
U.S. Hiring Remains Strong With 225K Jobs Added
February 07, 2020

January saw gains in U.S. employment as more people joined the labor market, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...