A bid by President Donald Trump and Congressional Democrats to peg the new round of pandemic recovery stimulus checks at $2,000-per-person has failed, at least for now — blocked by Senate Majority Leader Mitch McConnell and other GOP senators. Get the Full Story Complete the...
The biggest brands in the U.S. — think Amazon, Starbucks, McDonald’s and Walmart — are expected to get even bigger post-pandemic, while small- to medium-sized businesses (SMBs) fight for survival, the Financial Times (FT) reported Tuesday (Dec. 29). Get the Full Story Complete the form...
The U.S. Department of Labor (DOL) said it doesn’t anticipate any lapses in unemployment benefits, despite repeated delays by Congress in passing COVID-19 economic relief legislation that would extend such payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The U.S. House of Representatives voted Monday (Dec. 28) to pass legislation raising individual stimulus check payments to $2,000 instead of $600, CNBC reported, in line with a call from President Donald Trump last week. Get the Full Story Complete the form to unlock this...
After months of waiting and another week of speculation that President Donald Trump might veto the bill, the new $900 billion round of stimulus has been approved by Congress and signed into law by the president. Get the Full Story Complete the form to unlock...
President Donald Trump said he doesn’t think the $600 per person individual stimulus payments are enough, and his demand to increase them to $2,000 could delay the relief bill and the individual payments, CNBC reported Wednesday (Dec. 23). Get the Full Story Complete the form to...
Personal income and disposable personal income both fell about 1 percent in November, the U.S. Bureau of Economic Analysis reported on Wednesday (Dec. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Jobless claims are slightly down for the week ending Saturday (Dec. 19), with 803,000 initial claims, a decrease of 89,000 from the previous week’s revised level, the U.S. Department of Labor reported on Wednesday (Dec. 23). Forecasts anticipated 880,000 new claims for unemployment benefits. Get...
Commerce Department figures out Tuesday (Dec. 22) showed that the U.S. economy snapped back at a 33.4 percent annual rate during the third quarter following the second quarter’s 31.4 percent COVID-related tumble. That’s an even larger Q3 rebound than the 33.1 percent annual rate that the...
