The U.S. Department of the Treasury and the Internal Revenue Service on Friday (Aug. 13) paid more than $15 billion to families for the almost 61 million children eligible for the expanded Child Tax Credit from the American Rescue Plan. Get the Full Story Complete...
Brett White, CEO of commercial real estate brokerage firm Cushman & Wakefield, says he has optimism in the office market, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Delta variant heralds a new wave of restrictions, which may not bode well for companies (and stocks) that have been moving toward reopening as vaccinations have surged, too. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
People are still spending money on non-essentials, with Visa’s U.S. Spending Momentum Index (SMI) up 0.8 points over June to reach 112.5. When the SMI exceeds 100, that signals that consumer spending is growing year over year. Get the Full Story Complete the form to...
Of the 943,000 jobs added in July, more than 40 percent were in the leisure and hospitality sector, with 380,000 new positions, according to the Friday (Aug. 6) Economic Situation Summary report released by the Bureau of Labor Statistics (BLS). Get the Full Story Complete...
New jobless claims for the week that ended July 31 dropped by 14,000 to 385,000, slightly higher than economists’ forecasts of 383,000 and still way above pre-pandemic levels of 218,000. Overall, the numbers are significantly down from the historic high of 6.2 million last April....
Signs of a slow but steady economic recovery from the pandemic are visible with continued increases in employment across all industries, according to the July ADP National Employment Report released Wednesday (Aug. 4). Get the Full Story Complete the form to unlock this article and...
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the rise of the more contagious Delta variant of COVID-19 might hinder the U.S.’s economic recovery as people might stop looking for work because of it, Bloomberg reported. Get the Full Story Complete the...
The U.S. Security and Exchange Commission (SEC) is implementing new rules that require Chinese firms seeking New York listings to provide supplementary risk disclosure documents. At the same time, Chinese technology stocks are experiencing their worst month since the worldwide financial crisis. Get the Full...
