Post-pandemic, digital dollars will make their way across supply chains drastically reconfigured, and China will be out of the picture as the dominant U.S. trading partner. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
U.S. initial claims for unemployment insurance fell in the week ended Oct. 17 to, declining 55,000 from the week prior to hit a seasonally adjusted 787,000, the Department of Labor reported Thursday (Oct. 22). Get the Full Story Complete the form to unlock this article...
A top Fed official is warning more stimulus spending will be needed in order to turn a “K-shaped recovery” in the United States into one that is “broad-based and inclusive.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Many unemployed U.S. workers simply gave up trying to find work in September after months of the coronavirus pandemic and ensuing recession, the Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
U.S. House Democrats are signaling that progress is being made on talks about a new stimulus package. However, little indication that anything will be passed in the next two weeks before the November election, Financial Times (FT) writes. Get the Full Story Complete the form...
The hotel industry in China is back in business, experiencing year-over-year revenue growth despite the negative economic impact of the worldwide pandemic that locked down most of the globe, according to a Skift report on Tuesday (Oct. 20). Get the Full Story Complete the form...
Canada’s economy has rebounded from the depths of the coronavirus-triggered downturn over the summer but still remains stuck in negative territory, a new Bank of Canada survey finds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The COVID-19 pandemic has produced one ray of sunshine amid otherwise devastatingly dark clouds: Consumer credit scores have improved in recent months to the point of hitting a new record high, the Wall Street Journal reported Sunday (Oct. 18). Get the Full Story Complete the...
Monthly retail sales hit $549.3 billion, up 1.9 percent in September, the biggest spike in three months, and the fifth month of increases, according to the retail sales report released on Friday (Oct. 16) by the U.S. Department of Commerce. Get the Full Story Complete...
