The latest surge of COVID-19 infections is pushing the Eurozone into a second recession, squashing hopes for a near-term rebound of the global economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
“Dealing with a lot of abstraction and contemplating a lot of contingencies is not easy,” noted Amir Wain, founder and CEO of i2C, in “A Look Forward: What Executives Wish for America and the World in 2021.” Read on for Wain’s insights on how firms...
New jobless claims dipped to 900,000, down 26,000 from the previous week’s revised level and below economists’ forecasts of 925,000, according to the weekly report released Thursday (Jan. 21) by the Bureau of Labor Statistics (BLS). Get the Full Story Complete the form to unlock this...
Restaurant chains say the recent personal stimulus checks have helped them out, a Wall Street Journal report says, though spending patterns from last time around suggest that might not last. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Euro area banks have scaled back lending in order to shield against risk, a new European Central Bank (ECB) survey says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
San Francisco’s budget has been hit hard by the pandemic restrictions that have many people working remotely, with some moving to other places with lower costs of living. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
President-elect Joe Biden will push for a $1.9 trillion COVID-19 relief package, according to The Wall Street Journal (WSJ). 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...
Initial unemployment claims went up more than expected for the week that ended Jan. 9, the second jobless report of the new year after 2020 rang out with record-high numbers amid the global pandemic. Get the Full Story Complete the form to unlock this article...
The pandemic is making disparities worse in the country’s economy, Federal Reserve Governor Lael Brainard said in a Wednesday (Jan. 13) speech, with unemployment “likely above 20 percent” for lower-wage workers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
