Economy

Economy
Nium: A Time To Improve Unit Economics
October 27, 2020

“At Nium, our focus has always been on use-case and product diversification. The recent pandemic has only reiterated this need,”says Prajit Nanu, co-founder and CEO of Nium. Here, he shares how Nium has used the pandemic as an opportunity to improve its unit economics, leading...

Economy
Locked Down And Looking Up: New Predictions On Pandemic Recovery
October 27, 2020

What does the shape of recovery look like? Even with a new surge of virus cases coming, MerchantE Chief Financial Officer Shimon Steinmetz says that an Airbnb IPO and increased mortgage applications are the positive economic tea leaves we need to see.

Markets
Stocks Dip Amid New COVID Restrictions Fears
October 26, 2020

The lack of a new stimulus deal and surging coronavirus cases are having a negative effect on the stock market, which dropped 650 points on Monday (Oct. 26), The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article...

Economy
EU’s Second Wave Of Shutdowns Threatens Recovery
October 26, 2020

COVID-19 cases are starting to spike in the United States and around the world — carrying with them a new wave of restrictions and shutdowns across Europe as leaders try to contain the virus. Get the Full Story Complete the form to unlock this article...

Economy
US Economy Up As Europe Declines Amid COVID Resurgence
October 25, 2020

The faster spread this fall of COVID-19 in Europe compared to the spread in the United States during the same period has left Europe’s economy sputtering even as the U.S. economy continues to come back to life, according to new data cited by The Wall...

Economy
Illinois SMBs Face Tighter COVID-19 Restrictions
October 25, 2020

With COVID-19 cases rising in Illinois, operators of small- to medium-sized businesses (SMBs) in heavily populated areas face new shutdowns — measures likely to be all the more painful economically because of looming winter weather that will make options such as outdoor dining unattractive, The...

Economy
Supply Chains Will Shift, Digital Dollars Will Emerge Post-COVID
October 23, 2020

Post-pandemic, digital dollars will make their way across supply chains drastically reconfigured, and China will be out of the picture as the dominant U.S. trading partner. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Initial Jobless Claims Fall to 787,000
October 22, 2020

U.S. initial claims for unemployment insurance fell in the week ended Oct. 17 to, declining 55,000 from the week prior to hit a seasonally adjusted 787,000, the Department of Labor reported Thursday (Oct. 22). Get the Full Story Complete the form to unlock this article...

Economy
More Stimulus Is Needed To Strengthen Economy, Fed’s Brainard Says
October 21, 2020

A top Fed official is warning more stimulus spending will be needed in order to turn a “K-shaped recovery” in the United States into one that is “broad-based and inclusive.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...