Disposable personal income fell by 1.4 percent in June to $255 billion while personal spending increased $738 billion, a nearly 6 percent rise, according to the Bureau of Economic Analysis, an agency of the U.S Department of Commerce. Get the Full Story Complete the form to unlock...
“Worst quarter ever.” It sounds like a bit of hyperbole, but that’s an accurate description of the quarter that started in March and ended in June as COVID-19 was raging. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
With the pandemic still ongoing, as many as 40 million Americans may end up losing their homes, according to CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
There was more bad news Thursday (July 30) as the U.S. economy experienced its worst hit since the Great Depression in the second quarter (Q2) as COVID-19 brought the country to a standstill for a second time. Get the Full Story Complete the form to...
For the second consecutive week, the number of Americans filing new unemployment claims increased last week as new cases of COVID-19 continued to surge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Federal Reserve Chair Jerome Powell said Wednesday (July 29) that the road to economic recovery is “extraordinarily uncertain” and will be heavily influenced by how well the country keeps the pandemic under control. Get the Full Story Complete the form to unlock this article and...
Unlike the CARES Act, which passed Congress in March with bipartisan support to deliver $2 trillion in economic relief to the country, this time Republicans and Democrats can’t even agree on what to name the new COVID-19 stimulus plan. Get the Full Story Complete the...
A new spate of data show consumer confidence might be on shaky ground — even as we head into the all-important holiday shopping season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The European Central Bank (ECB) is warning its members could face more challenges if the economic crisis deepens, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
