Restaurant chains say the recent personal stimulus checks have helped them out, a Wall Street Journal report says, though spending patterns from last time around suggest that might not last. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Euro area banks have scaled back lending in order to shield against risk, a new European Central Bank (ECB) survey says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
San Francisco’s budget has been hit hard by the pandemic restrictions that have many people working remotely, with some moving to other places with lower costs of living. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
President-elect Joe Biden will push for a $1.9 trillion COVID-19 relief package, according to The Wall Street Journal (WSJ). 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...
Initial unemployment claims went up more than expected for the week that ended Jan. 9, the second jobless report of the new year after 2020 rang out with record-high numbers amid the global pandemic. Get the Full Story Complete the form to unlock this article...
The pandemic is making disparities worse in the country’s economy, Federal Reserve Governor Lael Brainard said in a Wednesday (Jan. 13) speech, with unemployment “likely above 20 percent” for lower-wage workers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The U.S. economy posted slight gains in the pandemic year of 2020, after closing the books on what was one of the most dismal economic fallouts in history, according to the Federal Reserve’s Beige Book report on Wednesday (Jan. 13). Get the Full Story Complete...
Sen. Marco Rubio of Florida wrote in a letter that he wants President-elect Joe Biden to focus immediately on getting $2,000 checks out to Americans to help during the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Whether it’s Tesla CEO Elon Musk moving to Austin, Texas or large tech companies like Oracle pulling out of Silicon Valley, news of the great pandemic migration has been on the rise for months. Get the Full Story Complete the form to unlock this article...
