Vice President Kamala Harris will announce that $1.25 billion is being awarded to community development financial institutions (CDFI) lenders so they can help disadvantaged neighborhoods economically rebound from the COVID-19 pandemic, Bloomberg reported, citing an unnamed senior administration official. Get the Full Story Complete the...
Consumer spending is 20 percent higher this year than 2019, a signal Bank of America (BoA) CEO Brian Moynihan told CNBC is a sign that federal accommodation should go down. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Group of 20 (G-20) economies saw their overall gross domestic product (GDP) return to levels from before the pandemic in this year’s first quarter, CNBC reported. However, there were differences between the nations. Get the Full Story Complete the form to unlock this article...
The net worth of households and nonprofits grew to $136.9 trillion for the first quarter of this year, according to a statistical release from the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The U.S. Consumer Price Index (CPI) surged 5 percent year over year in May, the fastest pace since August 2008 and higher than Wall Street expectations, according to reports on Thursday (June 10). Get the Full Story Complete the form to unlock this article and...
New jobless claims in the week ending June 5 dropped again — the sixth time in a row — coming in at 376,000, a decrease of 9,000 from the previous week’s unrevised level of 385,000, according to the U.S. Department of Labor’s latest weekly report on Thursday...
The National Retail Federation (NRF) has revised its annual forecast for 2021, now saying retail sales are likely to grow between 10.5 percent and 13.5 percent, totaling over $4.44 trillion this year, according to a press release. Get the Full Story Complete the form to...
The U.S. saw a surge in the PC market as work-from-home continued in the first quarter of 2021, a Canalys study found, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The pandemic is ebbing, and the U.S. economy is — in lumpy fashion, to be sure — reigniting. 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...
