Economy

Economy
Fed Expects GDP To End Year Slightly Higher; Predicts 4.2 Pct Growth In 2021
December 16, 2020

The Federal Reserve has upped its expectations for the end-of-year forecast, now predicting that the real gross domestic product (GDP) will fall by only 2.4 percent, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Study: 67 Percent Of Main Street SMBs Say They’ll Do More Business Online Post-Pandemic
December 16, 2020

The first round of COVID-19 vaccinations are underway in the United States, and businesses are growing more optimistic about the future than they have been in months. The average small- to mid-sized business (SMB) with locations on Main Street U.S.A. now expects the pandemic to...

Economy
Consumers Expect Higher US Household Spending, Even As Some Fear Hard Times
December 15, 2020

Americans see both good and bad economic times ahead, with consumers predicting the highest jump in household spending in more than four years, even as the largest share since 2013 think they’ll be worse off this time next year, New York Federal Reserve figures show....

Economy
Warren Buffett Calls On Congress To Provide More PPP For Small Businesses
December 15, 2020

Berkshire Hathaway Chairman Warren Buffett is calling on Congress to provide more Paycheck Protection Program (PPP) loans to small businesses to help them survive the pandemic slowdown, which he likened to “an economic war.” Get the Full Story Complete the form to unlock this article...

Economy
Meijer Pharmacies Gear Up For COVID-19 Vaccine
December 15, 2020

Pharmacies inside of Meijer stores are preparing for a comprehensive vaccine administration program as pharmaceutical manufacturers progress toward approved coronavirus vaccines, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Stimulus Bill Could Suffer If Individual Checks Are Left Out, Experts Say
December 14, 2020

The efforts to pass a new stimulus bill are still ongoing, with lawmakers possibly deciding soon on a $908 billion bill, but a sticking point has arisen in the lack of new individual checks, CNBC reported. Get the Full Story Complete the form to unlock...

Economy
COVID-19 Vaccine Could Complicate Holiday Shipping Delays
December 14, 2020

A COVID-19 vaccine has at last been approved in the U.S. for distribution. That is undeniably good news.  The not so good news? Shipping delays, which were already widely forecast to be on deck in 2021 have just become a lot more likely — as...

Economy
First Pfizer-BioNTech COVID-19 Vaccines Administered In US
December 14, 2020

The first doses of the Pfizer-BioNTech COVID-19 vaccine, outside of clinical trials, started being administered to healthcare workers and nursing home staffers on Monday (Dec.14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Vaccine Distribution Underway; Convincing Consumers Remains A Priority
December 14, 2020

The COVID case spike is certainly creating its own darkness around the world. But as the old expression goes, it is always darkest before dawn – and at this point, we do know dawn is coming. Because the vaccine is here. Get the Full Story...