The latest jobs data show bad news … more than likely to get much, much worse. 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 to our daily...
As the coronavirus spreads throughout the United States, Treasury Secretary Steve Mnuchin told “Face the Nation” Sunday (March 29) that Americans should be receiving $1,200 stimulus money within the next three weeks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Consumer sentiment in the U.S. is down to a three-and-a-half-year low due to the effects of the coronavirus and social distancing measures, and consumer spending is down as well, according to a report by Reuters. Get the Full Story Complete the form to unlock this...
Oh what a difference six months can make. A half a year ago the unemployment rate was making the headlines for the “right” reasons. In September the unemployment rate in the U.S. hit a 50-year record low of 3.5 percent. This was widely reported as...
The former chairman of the Federal Reserve, Ben Bernanke, said he thinks the coronavirus-influenced recession will be a short one, and recovery will happen quickly, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Canadian Federation of Independent Business (CFIB)’s latest Business Barometer indicated that small business confidence dropped to a new historic low with the impacts of the coronavirus pandemic. The national confidence level dropped an additional 19 index points from last month’s following a 10-point decline...
Looking at economic indicators – those signposts that show where we are, as a nation, and where we’re headed – February was tough. March and beyond will likely get a lot tougher, as business spending pulls back, shutting down tailwinds of near-term (and even long-term) growth....
One of the first Federal Reserve reports to measure the U.S. economy since the coronavirus pandemic began is pointing to a grim future. The Philadelphia Federal Reserve’s March Nonmanufacturing Business Outlook Survey showed steep declines Tuesday (March 24) in most data points, with three of...
Bank of America (BoA) said it’s clear America has entered a recession caused by the coronavirus and its effect on the nationwide economy, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
