Applications for initial jobless claims dropped 24,000 to 400,000 for the week that ended July 24, according to the Thursday (July 29) weekly report from the Bureau of Labor Statistics (BLS). The previous week’s level was revised up to 424,000 from the original 419,000. Get...
Companies with office workers returning to in-person offices in the fall might be set back by the recent spike in COVID-19 cases, which have had the Centers for Disease Control and Prevention (CDC) recommending that even vaccinated people wear masks indoors in high-risk scenarios, CNBC...
The Consumer Confidence Index, sitting at 129.1 in July, is mostly unchanged from its previous several months, according to a report from The Conference Board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
They tried the carrot — motivating consumers to get their vaccines with free doughnuts, time off from work, discounts on consumer goods. And the incentives, paired with consumers’ overwhelming desire to get back out there to start living their post-pandemic lives, did a good job. As...
Goldman Sachs has cut its perception for U.S. economic activity for the near future, with the reasons being twofold: the slowdown in consumer spending and the rise of the COVID-19 Delta variant, CNN reported. Get the Full Story Complete the form to unlock this article...
The Delta variant of COVID-19 continues to wreak havoc on vaccinated Americans and people around the world who were just starting to get used to going wherever they wanted without a mask. Get the Full Story Complete the form to unlock this article and enjoy...
The Federal Reserve is planning to meet this week to discuss when and how it will scale back its low pandemic interest rates, given the economic risks of the Delta variant and high inflation, the Associated Press (AP) reported. Get the Full Story Complete the...
Supply chains connecting the world’s economies are at or near the breaking point due to the COVID-19 surge, natural disasters in Asia and Europe and a potent cyberattack in South Africa, Reuters reported. Get the Full Story Complete the form to unlock this article and...
Business activity in the U.S. grew at a moderate pace in July for the second consecutive month, suggesting economic cooling in what was predicted to be a hotter quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
