Economy

Economy
Two-thirds of US Main Street Businesses are Bullish on 2022 Sales
January 19, 2022

Despite the damage, disappointment and disruption caused by the latest surge of COVID-19, Main Street business owners in the United States look forward to the year ahead and hold out hope that it will bring better luck. Get the Full Story Complete the form to...

Economy
Data From Decades Past Show That Restaurants Need Not Worry About Inflation
January 18, 2022

With rapid inflation, many consumers are growing acutely aware of rising costs. 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...

Economy
High COVID-19 Alert in China Ahead of Lunar New Year
January 17, 2022

Several Chinese cities cranked up their COVID-19 alert levels to high ahead of the Lunar New Year on Feb. 1, with the travel season related to the annual holiday beginning to ramp up and the omicron variant of the coronavirus continuing its spread across the...

Economy
Target CEO: Inflation Will Take Bite out of Store, Restaurant Trips
January 16, 2022

Top executives at Target say U.S. customers plan to drive less and combine their shopping into fewer trips, Bloomberg reported Sunday (Jan. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
US Factory Production Drops as Auto Industry Struggles
January 14, 2022

Production at American factories saw a surprise drop at the end of 2021, helped along by a decline in motor vehicle manufacturing, which was itself caused by the continuing semiconductor shortage. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
UK Economy Returns to Pre-COVID Levels
January 14, 2022

The U.K. economy surged past its pre-pandemic level for the first time in almost two years in November when it grew 0.9% in the month, in part because shoppers decided to start their holiday gift hunts earlier than they had in the past, according to...

Markets
TPG Sees Shares Surge on First Trading Day
January 13, 2022

TPG’s shares have jumped in their first day of trading, the Financial Times reported Thursday (Jan. 13). 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
New Jobless Claims Unexpectedly Climb to 230,000
January 13, 2022

Initial unemployment claims for the week ending Jan. 8 unexpectedly increased to 230,000, the most since the middle of November but still below pandemic averages, according to the latest report from the Bureau of Labor Statistics on Thursday (Jan. 13). It’s the second week in...

Economy
BioNTech, AI Startup InstaDeep Develop COVID Warning Tool
January 12, 2022

A German biotech firm and a north African artificial intelligence (AI) startup have developed an early warning tool that can the highest risk COVID-19 variants months in advance, according to a new study. Get the Full Story Complete the form to unlock this article and...