Economy

Economy
Deutsche Bank Report Eyes WFH Tax To Boost Economy
November 12, 2020

A tax for working at home? Really? 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. By completing this form, you agree...

Economy
Stimulus Future Still Uncertain After Election
November 12, 2020

The status of a new stimulus bill is still up in the air as Senate Majority Leader Mitch McConnell has again balked at Democrats’ urging for a large stimulus, according to a CNN. Get the Full Story Complete the form to unlock this article and...

Economy
Could COVID-19 Cause A Banking And Commercial Real Estate Crisis?
November 12, 2020

Twelve years after the housing and mortgage markets’ collapse threw the United States into financial distress not seen since the Great Depression, market watchers are again on the lookout for a possible new banking crisis spawned by upheaval in the U.S. commercial real estate sector....

Economy
New Unemployment Claims Down 48K To 709K
November 12, 2020

Another 709,000 Americans filed for first-time unemployment benefits the week ending Nov. 7, a decrease of 48,000 over the prior week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Fed’s Rosengren Looks To Second Half Of 2021 For ‘Robust Growth’
November 11, 2020

Federal Reserve Bank of Boston President Eric Rosengren said he doesn’t think the next few months will be necessarily easy on the economy in spite of the recent uplifting news regarding a possible COVID-19 vaccine, CNBC reported. Get the Full Story Complete the form to...

Economy
Restaurants, Gyms And Hotels Pose Greatest Risk Of Spreading COVID, Study Says
November 10, 2020

The highest danger from COVID-19 comes from the reopening of restaurants, gyms and hotels, according to a study using mobile phone data from 98 million people as a model for infection risk, Bloomberg reported. Get the Full Story Complete the form to unlock this article...

Economy
Philly Fed Chief: Workers Need New Skills For Economic Growth
November 10, 2020

Job retraining and new skill sets are necessary in order to promote economic growth in the U.S., Patrick Harker, president of the Federal Reserve Bank of Philadelphia, told Bloomberg on Tuesday (Nov. 10). Get the Full Story Complete the form to unlock this article and...

Economy
Who’s Starting An SMB Amid The COVID Crisis?
November 10, 2020

The late Roy Ash, financial adviser to U.S. presidents and instrumental in establishing the government’s Office of Management and Budget (OMB) is quoted as saying, “An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.”...

Economy
Is A New COVID-19 Stimulus Coming Soon … Or Are The Odds Less Than Stimulating?
November 10, 2020

A new U.S. federal COVID-19 stimulus is possible, and maybe even likely, but how much – and who will get it – is less clear. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...