A growing wave of coronavirus cases and related restrictions could trigger a decline in first-quarter gross domestic product (GDP), J.P. Morgan economists said in a new forecast, CNBC reported Friday (Nov. 20). Get the Full Story Complete the form to unlock this article and enjoy...
New jobless claims ticked upwards last week, with 742,000 people filing for benefits while COVID-19 cases continued to accelerate in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
There are no easy economic fixes ahead when former Vice President Joe Biden takes office as president. Jobless claims are receding, but still stubbornly high. Vaccines are on the horizon to help usher in the end of the pandemic, once they become widely available (a process that...
As the deliberation over another pandemic-related stimulus continues, U.S. Senate Majority Leader Mitch McConnell said he’s open to a $500 billion package, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Faced with the mounting costs of battling COVID-19, state governors across the United States are pushing for more federal relief as coronavirus infections soar and local hospital systems scramble to make room for patients the Associated Press reported. Get the Full Story Complete the form...
U.S. President-elect Joe Biden called a conversation with business and labor leaders “encouraging” at a press conference following a Monday (Nov. 16) call, noting that all agreed that they wanted to get the economy back on track. Get the Full Story Complete the form to...
Fears of economic freefall are mounting as the U.S. continues to post an alarming increase in the number of new COVID-19 cases without word of any additional government stimulus, according to a report in The Financial Times (FT) on Monday (Nov. 16). Get the Full...
A tax for working at home? Really? 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 Today. By completing this form, you agree...
The status of a new stimulus bill is still up in the air as Senate Majority Leader Mitch McConnell has again balked at Democrats’ urging for a large stimulus, according to a CNN. Get the Full Story Complete the form to unlock this article and...
