The Bureau of Economic Analysis reported on Thursday (Oct. 29) that real gross domestic product (GDP) rose at an annual rate of 33.1 percent in Q3 2020 as part of its “advance” estimate. Get the Full Story Complete the form to unlock this article and...
Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct. 24, some 40,000 lower than the previous week’s revised levels, according to the Thursday (Oct. 29) report from the U.S. Department of Labor (DOL). That’s the lowest level since the pandemic began, although...
Congress has not yet arrived at another stimulus deal after months of discussions, while the probability that anything will be ratified before the election on Nov. 3 is, in effect, zero as Senate Majority Leader Mitch McConnell indicated that the legislative body will be out...
The U.S. economy may be rebounding faster than previously thought, with orders of durable goods – from cars to communications equipment – handily beating estimates for September. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
“At Nium, our focus has always been on use-case and product diversification. The recent pandemic has only reiterated this need,”says Prajit Nanu, co-founder and CEO of Nium. Here, he shares how Nium has used the pandemic as an opportunity to improve its unit economics, leading...
What does the shape of recovery look like? Even with a new surge of virus cases coming, MerchantE Chief Financial Officer Shimon Steinmetz says that an Airbnb IPO and increased mortgage applications are the positive economic tea leaves we need to see.
COVID-19 cases are starting to spike in the United States and around the world — carrying with them a new wave of restrictions and shutdowns across Europe as leaders try to contain the virus. Get the Full Story Complete the form to unlock this article...
The faster spread this fall of COVID-19 in Europe compared to the spread in the United States during the same period has left Europe’s economy sputtering even as the U.S. economy continues to come back to life, according to new data cited by The Wall...
With COVID-19 cases rising in Illinois, operators of small- to medium-sized businesses (SMBs) in heavily populated areas face new shutdowns — measures likely to be all the more painful economically because of looming winter weather that will make options such as outdoor dining unattractive, The...
