Economy

Economy
US November Car Sales Fell, But That Doesn’t Reflect Underlying Trends
December 03, 2020

Headline data showing a 15 percent drop in November U.S. vehicle sales seem startling, but industry experts say it doesn’t accurately reflect the industry’s true state. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Bill Gates Enthusiastic About Promise Of COVID-19 Vaccines 
December 03, 2020

Microsoft Co-founder Bill Gates told “TODAY” on Thursday (Dec. 3) that he expects that by June, anyone who wants a coronavirus vaccine will be able to get one. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Census Data: About A Third of Americans Expect Job Losses, Less Pay Or Evictions 
December 03, 2020

Data from the Census Bureau’s latest survey indicates that about a third of Americans are anticipating further job loss, pay cuts and evictions due to COVID-19’s economic fallout. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
COVID Vaccine Adoption Creates New Class Of Influencer
December 03, 2020

Boris Johnson gets his COVID vaccine in public. Three U.S. presidents agree to do the same. The CEO of American Airlines takes his beleaguered 737 Max jet on a maiden voyage. All of it begs the question: What makes for being a good influencer as...

Economy
Jobless Claims Slightly Dip To 712,000 As Coronavirus Cases Surge
December 03, 2020

Initial jobless claims for the week ending Nov. 28 dipped to 712,000, down 75,000 from the previous week’s revised level even as states renewed lockdown measures amid a second wave of the coronavirus pandemic. New claims the previous week were revised up by 9,000 to...

Economy
About One-Third Of US Could Be Vaccinated By Spring, Says Trump’s COVID Vaccine Czar
December 02, 2020

Dr. Moncef Slaoui, who acts as President Donald Trump’s COVID-19 vaccine czar, said the U.S. should have enough vaccines to immunize 100 million people by the end of February, CNBC reported, citing a briefing attended by reporters. Get the Full Story Complete the form to...

Economy
$908 Billion COVID Stimulus Proposal Has Pelosi, Schumer Support
December 02, 2020

On Wednesday (Dec. 2), House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer backed a bipartisan plan for $908 billion for a coronavirus stimulus, CNBC reported, and they encouraged Senate Majority Leader Mitch McConnell to get behind it, too. Get the Full Story Complete...

Economy
ADP: Private Sector Jobs Up, But Short Of November Forecasts
December 02, 2020

Jobs in the private sector across all industries went up by a lower-than-expected 307,000 last month, missing forecasts of 410,000 by economists and below October’s 404,000, according to the monthly ADP National Employment Report released Wednesday (Dec. 2). Get the Full Story Complete the form to...

Economy
Paying People To Get Vaccines: The Ultimate Economic Stimulus?
December 02, 2020

Among the economic principles you’ll find in textbooks: People do what they find rewarding. That includes preventive health, where it takes some incentives to get them to engage in making healthier lifestyle choices, and in sticking with that behavior. Get the Full Story Complete the...