Economy

Economy
US Services Sector Grows for Seventh Month, Trade Association Says
January 07, 2021

Economic activity in the services sector grew in December for the seventh month in a row, the Institute for Supply Management said in a Thursday (Jan. 7) press release. The trade association surveys the nation’s purchasing and supply executives in its Services ISM Report On Business. Get the Full...

Economy
British Watchdog FCA Says Pandemic Could Flatline 4,000 Financial Services Firms
January 07, 2021

U.K. market watchdog the Financial Conduct Authority (FCA) cautions that the results of its recent pandemic resiliency survey indicate some 4,000 companies doing business in the financial services sector lack resiliency and could collapse. Get the Full Story Complete the form to unlock this article and...

Economy
Initial Jobless Claims Dip Slightly To 787K
January 07, 2021

Initial jobless claims for the week that ended Jan. 2 dropped 3,000 from the previous week’s revised level, for a total of 787,000, according to the latest report from the U.S. Department of Labor (DOL) on Thursday (Jan. 7). Get the Full Story Complete the...

Economy
NY’s Cuomo Embraces Online Gambling; Shows Inroads Amid Pandemic
January 06, 2021

Bet on New York emerging a bit more flush from the pandemic. Soon, you might be able to bet on it…literally, online and through mobile means. (OK, actually, you’ll be able to be bet on sporting events that way.) Get the Full Story Complete the...

Economy
Stimulus Checks Pose Issues For H&R Block, TurboTax 
January 06, 2021

Americans expecting a second stimulus check deposited into their accounts have not received payment as anticipated, CNBC reported on Wednesday (Jan. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Schumer Says Democratic Senate Will Prioritize New Stimulus
January 06, 2021

As Democrats looked poised to win the Senate for the next two years, Sen. Chuck Schumer said the priority should be on passing $2,000 checks for Americans as pandemic relief, Reuters writes. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
SMBs Brace For Potential New Round Of Lockdowns As COVID Cases Rise
January 06, 2021

Like the coronavirus itself, lockdowns that have been implemented to combat the spread of the deadly disease have proven to have a similar tendency to spread, from cities, to states, regions and entire countries. As much as the global vaccine rollout is slowly getting underway...

Economy
Shipping Rates Soar As Pandemic Demand Surges
January 06, 2021

Shipping giant Maersk last fall predicted a rebound from the COVID economic crisis for the industry. Now, the company says it’s already full steam ahead. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
ADP Report: 123K Private-Sector Jobs Lost Nov-Dec
January 06, 2021

Some 123,000 jobs were lost in the private sector November to December, according to the ADP National Employment Report for December, which was produced by the ADP Research Institute in collaboration with Moody’s Analytics. Get the Full Story Complete the form to unlock this article...