The U.S. manufacturing sector increased in viability in June by 7.3 percent, or $14 billion — although the numbers might not hold if the pandemic continues to threaten recovery, according to a report from the U.S. Census Bureau. Get the Full Story Complete the form...
The opening salvo in what is sure to be a contentious fight for a new economic stimulus package was unveiled Monday (July 27). Senate Republicans officially unveiled their $1 trillion package, which proposed cutting extra pandemic-related unemployment benefits to $200 a week from the current...
About 14 percent of U.S. employees worked remotely before the COVID-19 pandemic, according to Bureau of Labor statistics. And while official figures have yet to be released on how stay-at-home orders have upped that, a new study by Massachusetts Institute of Technology economist Erik Brynjolfsson and others estimates...
As lockdowns resume in many U.S. states from a surge in coronavirus cases, a poll suggests the economic recovery has slowed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Wells Fargo is engaging in significant cost-cutting, including layoffs, in a bid to become more lean amid the pandemic-induced financial crisis, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In a sign that the Las Vegas Strip is not near its usual level of operations, Wynn Resorts Ltd. is positioned to put staffers on leave and close select operations on non-weekend days. Footfall in the city is said to be declining following the first...
The Republican version of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) 4.0, has been hammered out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
After 15 consecutive weeks of falling, the number of Americans filing new unemployment claims increased last week as new cases of COVID-19 surged. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Institutions of higher education are taking strong measures to stay on an even keel as they encounter less state funding, decreased contributions and a falling number of students. Some of the newest groups of people impacted by cost cutting are teachers, CNBC reported. Get the...
