Economy

Economy
Ex-Fed Chair Greenspan: Controlling COVID Is The Only Way To Save Economy
November 20, 2020

Former Federal Reserve Chairman Alan Greenspan said he’s “never seen anything like” the economic challenges incoming President-elect Joe Biden will face amid the pandemic, CNN reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
CDC Advises Against Thanksgiving Travel
November 19, 2020

The Centers for Disease Control and Prevention (CDC) has come out with a warning against Americans traveling home for the Thanksgiving holiday, The Wall Street Journal (WSJ) reports, citing concerns with the rising COVID-19 cases. Get the Full Story Complete the form to unlock this...

Economy
Weekly U.S. Jobless Claims Rise Slightly To 742,000 Even As Many Face Losing Benefits
November 19, 2020

New jobless claims ticked upwards last week, with 742,000 people filing for benefits while COVID-19 cases continued to accelerate in the U.S.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Bidenomics: Four Things To Watch For Financial Services
November 18, 2020

There are no easy economic fixes ahead when former Vice President Joe Biden takes office as president. Jobless claims are receding, but still stubbornly high. Vaccines are on the horizon to help usher in the end of the pandemic, once they become widely available (a process that...

Economy
JPMorgan Chase’s Dimon Scolds ‘Childish’ Congress For Stalling On COVID-19 Stimulus
November 18, 2020

One of the nation’s most powerful bankers lashed out at Congress on Wednesday (Nov. 18) over the stalled coronavirus relief package, chiding lawmakers for “childish behavior” that has prevented them from brokering a deal. Get the Full Story Complete the form to unlock this article...

Economy
College Towns Face Hard Choice Between COVID-19 Safety And Economic Ruin
November 18, 2020

Communities across the country that typically thrive alongside the colleges and universities they host are facing an array of COVID-19-era challenges. As the rate of on-campus infections soars among students, faculty and staff, and as regional travel restrictions increase, efforts to maintain normal in-person activities...

Economy
COVID Vaccine Reluctance Colored By Attitudes Toward Flu Shots
November 18, 2020

While COVID-19 cases continue to skyrocket, and variations of stay-at-home orders are rolling out throughout the United States, the rare bright spots of good news continue to trickle in from the vaccine development front. Because as the case counts continue to climb, there is a...

Economy
COVID And Big Medicine Spark The Rise Of Innovation Platforms
November 18, 2020

Science is a game won with time and patience, through trials where errors far outweigh success. In the race against deadly diseases – COVID-19 among them – time is, of course, of the essence. And high-tech – specifically, high-tech platforms employing machine learning (ML) and artificial intelligence...

Economy
McConnell Floats Possibility Of $500B In COVID Stimulus
November 17, 2020

As the deliberation over another pandemic-related stimulus continues, U.S. Senate Majority Leader Mitch McConnell said he’s open to a $500 billion package, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...