Economy

Economy
Lagarde: New COVID Restrictions Will Mean More Financial Aid
October 18, 2020

Recent restrictions on day-to-day life from the COVID-19 pandemic will also have to come with financial aid, according to European Central Bank President Christine Lagarde, Reuters reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
US Senate To Vote Wednesday On More COVID-19 Relief
October 18, 2020

U.S. Senate Majority Leader Mitch McConnell (R-Ky.) has scheduled a vote for Wednesday on a $500 billion federal COVID-19 relief package that falls well short of the $2.2 trillion sought by Congressional Democrats and $1.8 trillion President Donald Trump is calling for, McConnell’s office announced...

Economy
Retail Sales Beat Forecasts, Spiking Highest Level Since June
October 16, 2020

Monthly retail sales hit $549.3 billion, up 1.9 percent in September, the biggest spike in three months, and the fifth month of increases, according to the retail sales report released on Friday (Oct. 16) by the U.S. Department of Commerce. Get the Full Story Complete...

Economy
Retail Sales, Card Data Point To Continued Consumer Spending Rebound
October 16, 2020

The latest retail sales numbers indicate U.S. consumer spending is up, with increases in categories across the board.  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...

Economy
Study Shows Americans Struggling As Savings Dry Up
October 16, 2020

Seven months into the worldwide pandemic, Americans are facing empty savings accounts, reduced unemployment benefits and no relief in sight, according to an Oct. 16 (Friday) J.P. Morgan Chase Institute analysis and media reports. Get the Full Story Complete the form to unlock this article...

Economy
European Central Bank Chief Lagarde Pledges Boost For EU Economy If COVID-19 Escalates
October 15, 2020

As Europe braces for a dreaded second wave of COVID-19, European Central Bank President Christine Lagarde is pledging to ride to the rescue with a major economic stimulus package if it proves necessary, CNBC reported. Get the Full Story Complete the form to unlock this...

Economy
College Enrollments Declined Sharply This Fall
October 15, 2020

Enrollment at U.S. colleges and universities fell sharply this fall, with the steepest decline among first-year undergraduates, the National Student Clearinghouse Research Center reported on Thursday (Oct. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Second Coronavirus Wave Intensifies In Europe
October 15, 2020

Europe is going through a second wave of COVID-19 infections, with an escalating surge in new cases triggering another round of restrictions, including lockdowns, according to numerous reports on Thursday (Oct. 15).  Get the Full Story Complete the form to unlock this article and enjoy...

Economy
US Jobless Claims Rise By 53,000 To Hit 898,000
October 15, 2020

Jobless claims in the week ending Oct. 10 increased to 898,000, up 53,000 from the previous week’s number, which was revised to 845,000 from the initial 840,000, the U.S. Department of Labor (DOL) reported on Thursday (Oct. 15). Get the Full Story Complete the form...