Economy

Economy
Data: 70 Pct Of North American CFOs Expect Economy To Improve With COVID Vaccines
December 22, 2020

Chief financial officers (CFOs) taking part in The CFO Survey by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta are “reasonably optimistic about 2021,” one of the study’s leaders said in a news release. Get the Full Story...

Economy
Trump Blasts COVID Relief Package; Calls For Higher Stimulus Payments
December 22, 2020

In a video posted on President Donald Trump’s Twitter account Tuesday (Dec. 22), Trump said the recently-passed stimulus act is a “disgrace,” as he wanted more money in direct payments for Americans. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Restaurant Owners Say New PPP Package Falls Short
December 22, 2020

After what has been several months of debate, negotiation, sabre rattling and compromise, the United States Congress has finally passed a second round of stimulus, making it in under the wire before legislators left D.C. for their holiday break.  And those funds, it seems, are...

Economy
Revised US Report Says Economy Grew 33.4 Pct In Third Quarter
December 22, 2020

An update to the U.S. government’s economic report boosted its earlier estimates of growth up by a bit. The economy, as measured by gross domestic product (GDP), grew by about one-third in the third quarter of 2020. Get the Full Story Complete the form to...

Economy
Americans Could Get $600 Stimulus Checks Early Next Week, Says Mnuchin
December 21, 2020

U.S. Treasury Secretary Steven Mnuchin told CNBC on Monday (Dec. 21) that Americans should see $600 individual stimulus checks as soon as next week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Aid For Struggling SMBs Tops Long List Of Funds In New COVID-19 Stimulus Bill
December 21, 2020

Facing a hard holiday deadline and the threat of a federal government shutdown, House and Senate negotiators were able to accomplish in six days what they had been unable to do for more than six months: reach a compromise on a COVID-19 stimulus package that...

Economy
Vendors, Landlords And Banks Start Ending Pandemic Breaks Given To Restaurants
December 20, 2020

Independent restaurants that have staggered through the pandemic are running out of time, raising the specter of a wave closings in the next few months, the Wall Street Journal reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
US Senate Leaders Compromise On Fed Lending Powers In COVID Aid Deal
December 20, 2020

The new U.S. government coronavirus relief package will contain $600 direct checks, $300 unemployment benefits per week and aid for small businesses, schools and vaccination plans, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Congress Still Debating Over Size Of Individual Stimulus, Unemployment Checks
December 17, 2020

Lawmakers are still debating the size and scope of proposed individual payments and enhanced unemployment benefits in the estimated $908 billion economic stimulus package being hammered out on Capitol Hill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...