Consumer spending has been on something of a roller-coaster ride in 2020 thus far – dropping into the basement in the spring, but showing signs of recovery over the summer. Things rebounded due to a slow-but-steady reopening of U.S. businesses, coupled with federal funds injected...
The Conference Board’s Consumer Confidence Index increased in September, after slipping in August, according to the Consumer Confidence Survey released Tuesday (Sept. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
With just 36 days until the presidential election, House Speaker Nancy Pelosi (D-California) and U.S. Treasury Secretary Steven Mnuchin are still trying to iron out the details of a compromise coronavirus stimulus plan. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Fed’s latest Survey of Consumer Finances might come with a caveat: The data measure a period that may seem long ago and far away — the time before COVID, of course. But they show an increasing interest in online banking, an attempt to grow...
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The U.S. saw durable goods orders increase to nearly $233 billion in August, according to new data from the U.S. Census Bureau. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S. recovering from the economic impact of COVID-19 pandemic, the company announced Friday (Sept. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Amid the great pivot that’s bringing so much U.S. commerce to our doorsteps, is railroad traffic a harbinger of economic recovery? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The global economy could be headed for a brighter future than was thought just a few months ago, according to an official with the International Monetary Fund (IMF), with better economic data from China than was expected and other economies improving, too. Get the Full...
