Several programs aimed at extending emergency funding to businesses and governments are ending — but we’re not out of the woods yet, according to Capitol Hill testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Steve Mnuchin. Get the Full Story Complete the form...
Unemployment figures released by the U.S. Department of Labor (DOL) have been inaccurate and payments have been too low for some recipients, according to a Government Accountability Office (GAO) report on Monday (Nov. 30), according to a Wall Street Journal report. Get the Full Story...
Some U.S. chefs and industry advocates fear new rules to stem the spread of COVID-19 could be the final straw, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
President-elect Joe Biden is weighing naming two of the highest-ranking Black leaders in finance to top roles in his administration — TIAA CEO Roger Ferguson to direct the National Economic Council and former American Express CEO Kenneth Chenault to a senior economic post, CNBC reported,...
Thanksgiving, usually a good time for the movie theater box office, likely won’t be doing even close to as well this year amid the COVID-19 pandemic, CNBC writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Hollywood has seen mass layoffs at all levels of its hierarchy, Variety reports. 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 daily newsletter, PYMNTS Today....
Consumer spending in the U.S. rose 0.5 percent in October while household income declined 0.7 percent, according to a report released by the Bureau of Economic Analysis (BEA) on Wednesday (Nov. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In a splash of good news for the coronavirus-battered economy, new orders for durable goods rose 1.3 percent in October, new federal stats show. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
While the number of U.S. COVID-19 cases is on the rise, consumer spending in advance of the holiday season is boosting the economy, The Wall Street Journal reported. The U.S. economic recovery has continued as Americans keep on spending on consumer goods. Get the Full...
