Economy

Economy
US Government Aid Lessened Bankruptcies In 2020, Study Finds
January 05, 2021

Government pandemic aid helped bankruptcy filings hit a 35-year low in 2020, according to legal service firm Epiq. 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...

Economy
New Year, New Wage: Minimum Wage Hikes Implemented Across US
January 05, 2021

As a record 52 cities, counties and states rang in the New Year with higher minimum wage requirements last week, business and labor activists are divided over whether the new wage mandates will do more harm than good within an economy that’s already struggling. Get...

Economy
World Bank’s Projected 4 Pct Global Economic Growth Hinges On Vaccinations
January 05, 2021

The global economy is anticipated to grow 4 percent this year, providing COVID-19 vaccines are widely launched, according to The World Bank’s January 2021 Global Economic Prospects. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Inflation Could Be Poised To Take a Bite From Consumer Spending
January 05, 2021

Inflation may be on the horizon, coming more quickly than many observers might assume. And when it’s here — when it’s more expensive to borrow, when prices rise — consumer spending may (eventually) feel a pinch. Get the Full Story Complete the form to unlock...

Economy
TSA Saw 60 Pct Drop In US Passengers In 2020 Amid Pandemic
January 04, 2021

The Transportation Security Administration (TSA) saw dramatic changes in 2020 because of the pandemic, according to a Monday (Jan. 4) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Stimulus Round 2: Will Consumers Save Or Spend?
January 04, 2021

After months of dispute, debate and eventually compromise, the second round of stimulus is in the process of going out to Americans. Already Venmo announced its launch of a new product to help get those funds rolling out faster, with the new Cash a Check...

Economy
Singapore’s Economy Contracted 5.8 Percent In 2020, Better Than Expected
January 04, 2021

Singapore’s economy contracted 5.8 percent in 2020, according to statistics from the Singapore Ministry of Trade and Industry. 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...

Economy
Bigger US Stimulus Checks Blocked As McConnell Digs In
December 30, 2020

A bid by President Donald Trump and Congressional Democrats to peg the new round of pandemic recovery stimulus checks at $2,000-per-person has failed, at least for now — blocked by Senate Majority Leader Mitch McConnell and other GOP senators. Get the Full Story Complete the...

Economy
Report: ‘K-Shaped’ Recovery Divides Corporates, SMBs
December 29, 2020

The biggest brands in the U.S. — think Amazon, Starbucks, McDonald’s and Walmart — are expected to get even bigger post-pandemic, while small- to medium-sized businesses (SMBs) fight for survival, the Financial Times (FT) reported Tuesday (Dec. 29). Get the Full Story Complete the form...