Economy

Economy
US Lawmakers Split Stimulus Proposal Into 2 Plans To Work Out Deal
December 13, 2020

American lawmakers, after months at an impasse over what would be included in a stimulus bill, have decided to split the bill into two separate proposals, CNN reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
US Household Worth Reaches All-Time High Of $123 Trillion
December 11, 2020

The net worth of U.S. households rose 3.2 percent in the third quarter to $123.52 trillion, as stock portfolios and real estate prospered, according to a report from the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
COVID Surge Prompts Gov. Cuomo To Again Shutter NYC Indoor Dining 
December 11, 2020

The struggling New York City restaurant industry was dealt a blow on Friday (Dec. 11) when New York Gov. Andrew Cuomo ordered indoor dining to cease effective Monday (Dec. 14) due to the acceleration of the coronavirus.  Get the Full Story Complete the form to...

Economy
CVS, Walmart To Provide COVID Vaccinations
December 10, 2020

Major U.S. retailers CVS and Walmart are readying to begin distributing COVID-19 vaccines, according to published 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...

Economy
Uber Seeks COVID-19 Vaccine Priority For Rideshare, Delivery Drivers
December 10, 2020

Uber wants its delivery and rideshare drivers to be prioritized for COVID-19 vaccinations and sent letters to U.S. state governors requesting early access, Reuters reported on Thursday (Dec. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Markets
Airbnb Goes Public At $146 Per Share, More Than Double IPO Pricing
December 10, 2020

Airbnb began trading at $146 a share on Thursday (Dec. 10) at more than two times the price set for its initial public offering (IPO) the previous day. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
U.S. Initial Jobless Claims Rise To 853,000 Along With Increasing COVID-19 Cases
December 10, 2020

An increasing number of Americans were forced out of work as new coronavirus cases reached record-breaking levels. New jobless claims surged 137,000 over last week’s revised totals, hitting 853,000, the U.S. Department of Labor Department (DOL) reported on Thursday (Dec. 10). Get the Full Story...

Economy
Bank of America: Spending Up Over 2019 Despite Virus Acceleration
December 10, 2020

Bank of America customers are spending more across all accounts than they did last year, but more stimulus is needed to support small businesses and people who are unemployed, according to CEO Brian Moynihan. Get the Full Story Complete the form to unlock this article...

Markets
DoorDash Shares Surge Over 85 Pct On First Trading Day
December 09, 2020

DoorDash soared on its first day of trading on the New York Stock Exchange Wednesday (Dec. 9), surging over 85 percent from its initial public offering (IPO) price of $102 to close out the trading day at $189.51. The food delivery company trades under the...