Inflation rose 7% over the last year, the highest level in 40 years, the Bureau of Labor Statistics said in its Consumer Price Index (CPI) report Wednesday (Jan. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
J.P. Morgan CEO Jamie Dimon said the U.S. would have the “best growth” in decades in 2022, CNBC reported Monday (Jan. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Omicron staff shortages in the U.K., including illnesses as well as mandatory isolation, might end up cutting $48 billion in output in January and February, Bloomberg reported Sunday (Jan. 9), citing The Sunday Times. Get the Full Story Complete the form to unlock this article...
Hiring missed economists’ payroll forecasts, with just 199,000 jobs added in December, lower than November’s meager gains of 210,000, according to the U.S. Bureau of Labor Statistics (BLS) report on Friday (Jan. 7). The unemployment rate dropped to 3.9% from November’s 4.2% Get the Full...
The International Monetary Fund (IMF) is postponing its World Economic Outlook by about a week until Jan. 25 to account for the more recent developments in the COVID-19 pandemic, Reuters reported on Wednesday (Jan. 5). Get the Full Story Complete the form to unlock this...
U.S. lawmakers are debating more COVID-19 stimulus funding for the business community in an effort to stem the tide of economic struggles tied to the rapid spread of the omicron variant of the virus, The Washington Post reported Wednesday (Jan. 5). Get the Full Story...
Remember first hearing someone use “COVID-19” in a sentence? 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,...
More than 1 million COVID-19 cases were registered Monday (Jan. 3) in the U.S., setting a single-day record, but with the caveat that the number included a testing backlog for coronavirus tests done during the New Year’s holiday weekend, according to a report in The...
With COVID-19 cases breaking records each day, the restaurant industry is entering 2022 in a very different place than operators would have guessed just a month earlier. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
