Economy

Economy
Pandemic’s Supply Chain Pain Points — And The Salves Of High-Tech Solutions
February 23, 2021

For manufacturers and supply chains, there’s a wide difference between reacting to the pandemic, getting through it — and tackling what’s next. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Consumer Confidence Hits Three-Month High
February 23, 2021

Consumer confidence hit a three-month high in February as cases of COVID-19 continue to drop and vaccine distribution expands, according to a Tuesday (Feb. 23) report from The Conference Board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Data Shows 28 Pct Of Americans Consider Relocation As WFH Gains Ground
February 22, 2021

An unintended side effect of the pandemic has been that younger Americans have found it more freeing to work from home and move to areas of their liking, even those outside of big areas where their corporate offices are located, according to a report from...

Economy
Cruises May Be Ready For Comeback, Royal Caribbean Chief Says
February 22, 2021

Royal Caribbean CEO Richard Fain said he has seen a number of signs that the cruise industry could recover from its pandemic-related economic strife, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Biden Administration Puts New PPP Focus On Smaller, Minority-Owned Firms
February 22, 2021

President Biden plans to rework the U.S. Paycheck Protection Program (PPP) so that smaller companies, those in underserved communities and those owned by minorities gain increased access to the program. The widely reported changes will kick off Wednesday (Feb. 24) with a two-week span when...

Economy
eCommerce Surge Bolsters Blue-Collar Jobs
February 21, 2021

Blue-collar workers for the most part are faring better than white-collar workers during the pandemic-induced recession, something of a flip compared to other recent economic downturns, The Wall Street Journal (WSJ) reported Sunday (Feb. 21). Get the Full Story Complete the form to unlock this...

Economy
Q4 2020 eCommerce Sales Rose 32 Pct Over 2019
February 19, 2021

Fourth-quarter eCommerce sales in 2020 topped out at almost $207 billion, a 1.2 percent drop from the third quarter, but up 32.1 percent compared to the same period in 2019, the Census Bureau of the Department of Commerce reported on Friday (Feb. 19). Get the...

Economy
Manufacturing Activity Rebounding Faster Than Service Sector
February 19, 2021

Countries that largely depend on exporting manufactured goods are starting to see economic recovery, even as service-oriented businesses continue to suffer from the pandemic’s toll on revenue, The Wall Street Journal reported on Friday (Feb. 19). Get the Full Story Complete the form to unlock...

Economy
Hands Off: Yellen Warns Lawmakers Off Cutting Back Stimulus Package
February 18, 2021

Treasury Secretary Janet Yellen said she thinks there is a tremendous necessity to pass a large stimulus package to get the economy back on track, according to an interview published by CNBC. Get the Full Story Complete the form to unlock this article and enjoy...