Economy

Economy
Does The Merchant And Consumers’ Disconnect On The Pandemic’s Length Signal Trouble?
September 21, 2020

By the numbers, Main Street merchants are feeling a little bit better these days than they were six months ago when the pandemic began, according to the latest PYMNTS Main Street business survey. Some 54 percent now report feeling confident they’ll survive through the outbreak’s...

Economy
International Trade Shows Signs Of Recovery
September 20, 2020

While most sectors have suffered from the pandemic, global trade has proved remarkably resilient. 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...

Economy
Consumer Sentiment Index Rises To 78.9 In September
September 18, 2020

The University of Michigan Survey of Consumers reported that its Index of Consumer Sentiment registered a 78.9 result for September 2020 based on preliminary data, up from 74.1 in August 2020 but still below September 2019’s 93.2 level. Get the Full Story Complete the form...

Economy
US Offices Only At 50 Pct Capacity In August
September 17, 2020

Most office buildings are still dark in the U.S., six months and counting since the pandemic started, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Fed Chair: Labor Market Recovery Has Long Way To Go
September 17, 2020

Federal Reserve Board Chairman Jerome Powell said the U.S. labor market has a long way to go to meet the central bank’s maximum employment goal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
US Jobless Claims Fall Slightly To 860K
September 17, 2020

First-time claims for jobless benefits fell slightly last week to 860,000, lower than predictions by Dow Jones economists. 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
Lenders Brace For Wave Of Hotel Closures
September 16, 2020

The impending demise of the Hilton in Times Square is just the tip of the iceberg when it comes to what experts believe will be a wave of hotel closures across the country. Get the Full Story Complete the form to unlock this article and...

Economy
CDC Director Believes COVID-19 Vaccine Will Likely Be Generally Available In 2021
September 16, 2020

Centers for Disease Control and Prevention (CDC) Director Robert Redfield told a Senate subcommittee Wednesday (Sept. 16) that he thinks a COVID-19 vaccine would likely be generally available to the American public in late Q2 or Q3 of next year. Get the Full Story Complete...

Economy
Yelp: Roughly 98K US SMBs Permanently Closed Amid Pandemic
September 16, 2020

While some types of businesses have adapted and survived amid the pandemic-triggered economic crisis, restaurants and retailers have especially struggled. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....