Americans made virtual trips to car showrooms in July as new orders for manufactured durable goods, products lasting three years or more, increased by 11.2 percent, or $23.2 billion, to $230.7 billion, according to a report from the U.S. Census Bureau. Get the Full Story...
The COVID-19 crisis has derailed plans to hold the World Economic Forum’s Davos event in January 2021. The organization announced on Wednesday (Aug. 26) that the invitation-only Annual Meeting 2021 is moving to early next summer. Get the Full Story Complete the form to unlock this...
Retail employment in the U.K. has dropped 45 percent since May in the sharpest fall it has taken since the 2009 recession, the Confederation of British Industry (CBI) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As the approaching colder months are set to make outdoor dining less feasible, and government money dries up, experts are predicting another cycle of restaurant bankruptcies, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Conference Board’s Consumer Confidence Index declined for the second month in a row, dropping from 91.7 in July to a current reading at 84.8, according to a Tuesday (Aug. 25) press release. Get the Full Story Complete the form to unlock this article and...
Almost a third of renters in single-family or small multifamily properties couldn’t make their August rent, according to CNBC, citing a survey by Avail, a tech and marketing platform for small landlords. Get the Full Story Complete the form to unlock this article and enjoy...
The new report from the National Association of Business Economists (NABE) finds respondents to the August 2020 NABE Economic Policy Survey think the U.S. economy has been in a recession since February and will likely continue to be so for the next few years. Get...
Nearly half of the nation’s states have been given the green light to issue $300 in federal weekly jobless benefits to help replace lost wages for Americans who are unemployed due to COVID-19, according to a list from the Federal Emergency Management Agency (FEMA). Get...
Staggered reopenings. Tourism booms that might prove temporary. Each U.S. business vertical hard-hit by the pandemic has been impacted in different ways. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
