Economy

Economy
‘Spider-Man: No Way Home’ Breaks Box Office Records, Spins Webs Around COVID Event Fears
December 27, 2021

The spidey senses of moviegoers tingled throughout the holidays, pushing “Spider-Man: No Way Home” to break box office records despite fears that COVID variants could find theaters empty. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
At-Home COVID Test Kits Become Retail’s Biggest Holiday Inventory Challenge
December 27, 2021

As supplies of at-home COVID-19 tests are either limited or completely gone across CVS and Walgreens locations across the U.S., Dr. Anthony Fauci, the chief medical adviser to President Joe Biden, said the supply of at-home COVID-19 tests available for Americans will “improve greatly” in...

Economy
Omicron Concerns Cut UK’s Boxing Day Retail Traffic by 44%
December 27, 2021

The post-Christmas optimism about the retail sector’s turnaround quickly went sour across the U.K., where there was a 44% drop in foot traffic from the same day in 2019 across London’s West End on Boxing Day, a retail expert told The Independent Monday (Dec. 27). ...

Economy
The 21 Months That Changed the World and Ignited the Great Digital Shift
December 24, 2021

Transport yourself back to April 2020. A national emergency had been declared on March 11, and the lockdowns started soon afterward. Employees in the millions were bemused by orders to work from home. Panic shopping for cleaning supplies and personal protective equipment (PPE) was kicking...

Economy
Key US Delivery Hub Suffering Labor Shortage
December 22, 2021

Louisville, Kentucky — which was a major delivery hub for U.S. carriers even before the COVID-19 pandemic turbo-charged online shopping — is suffering a severe labor shortage, the Wall Street Journal reported Wednesday (Dec. 22). Get the Full Story Complete the form to unlock this...

Economy
Paycheck to Paycheck Consumers Squeezed By Largest Import Food Price Increases In 10 Years
December 22, 2021

After months of anecdotal evidence and first-hand experience, new government data has confirmed and “put a number on” what most consumers already know all too well: food has gotten very expensive, especially if it is being brought in from overseas. Get the Full Story Complete...

Economy
COVID Concerns Prompt Facebook, Twitter, Pinterest to Bow Out of CES
December 21, 2021

Facebook parent Meta, Twitter and Pinterest all announced separately that they will not be sending teams to the Consumer Electronics Show (CES) due to concerns over the omicron variant of COVID-19, Reuters reported. Get the Full Story Complete the form to unlock this article and...

Economy
Inflation, COVID Variants Pose Fresh Challenges for Paycheck-to-Paycheck Consumers in 2022
December 21, 2021

The stimulus checks are largely disbursed. New COVID-19 variants are here. Inflation is running at record highs. 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
Goldman Sachs: Loss of Child Tax Credit Could Upend Economic Recovery
December 20, 2021

U.S. economic recovery could stall if the estimated 65 million households receiving monthly child tax credits are cut off at the end of the year, Goldman Sachs economist Jan Hatzius said in a note to clients Sunday (Dec. 19), according to reports. Get the Full...