Economy

Economy
Supermarkets Place Limits On Paper Products Amid Rising Coronavirus Cases
November 06, 2020

As coronavirus cases surge in the United States, some supermarket retailers are re-instituting buying restrictions on specific products such as toilet paper, USA Today reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
European Commission Meets With Amazon, Facebook, Google, Microsoft And Alibaba In Crackdown On COVID-19 Scams
November 06, 2020

The European Commission is ramping up its campaign against scams touting phony COVID-19 cures and treatments as the continent grapples with another wave of infections and deaths from the disease caused by the coronavirus. Get the Full Story Complete the form to unlock this article...

Economy
Unemployment Drops To 6.9 Pct As Economy Adds 638K Jobs
November 06, 2020

The nation’s unemployment rate continued to drop in October, falling to 6.9 percent as employment rose by 638,000. In September, the unemployment rate was 7.9 percent, a full percentage point higher. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Expedia, Hilton Struggle As Travel Tries To Get Off The Ground
November 05, 2020

As pandemic cases have ticked up over the past several weeks, the travel industry’s fortunes worldwide have ticked down. With lockdowns re-emerging in the United Kingdom and the European Union, travel restrictions and outright bans have followed. For example, the United Kingdom has banned all non-essential domestic and...

Economy
Bottlenecks, Stockouts — And The Need For (Modern) Supply Chain Solutions
November 05, 2020

No one likes stockouts — certainly not consumers. Or the retailers who sell things to them. 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,...

Economy
Fed Signals Readiness To Act As Coronavirus Escalates
November 05, 2020

The Federal Reserve’s Thursday (Nov. 5) statement from the Federal Open Market Committee (FOMC) affirms its position to use the “full range” of tools at its disposal to stabilize the U.S. economy amid the pandemic. Get the Full Story Complete the form to unlock this...

Economy
US Jobless Claims Down Slightly Despite COVID Uptick
November 05, 2020

In the week ending Oct. 31 jobless claims were 751,000, dropping 7,000 from the previous week’s revised level, the U.S. Department of Labor (DOL) reported Thursday (Nov. 5). This is the eighth consecutive week unemployment filings went down since the coronavirus pandemic struck the U.S....

Economy
New COVID-19 Stimulus Deal Is Top Priority, Mitch McConnell Says
November 04, 2020

Senate Majority Leader Mitch McConnell said his first priority is passing a new COVID-19 stimulus bill before the end of the year, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
UK Shoppers Swarm Stores As New COVID-19 Lockdown Looms
November 04, 2020

Consumers are converging on stores and eateries in England before new lockdowns are enacted on Thursday (Nov. 5) on all non-essential venues, the Financial Times reported on Wednesday (Nov. 4).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...