Economy

Economy
TSA Saw 60 Pct Drop In US Passengers In 2020 Amid Pandemic
January 04, 2021

The Transportation Security Administration (TSA) saw dramatic changes in 2020 because of the pandemic, according to a Monday (Jan. 4) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Stimulus Round 2: Will Consumers Save Or Spend?
January 04, 2021

After months of dispute, debate and eventually compromise, the second round of stimulus is in the process of going out to Americans. Already Venmo announced its launch of a new product to help get those funds rolling out faster, with the new Cash a Check...

Economy
Singapore’s Economy Contracted 5.8 Percent In 2020, Better Than Expected
January 04, 2021

Singapore’s economy contracted 5.8 percent in 2020, according to statistics from the Singapore Ministry of Trade and Industry. 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...

Economy
Bigger US Stimulus Checks Blocked As McConnell Digs In
December 30, 2020

A bid by President Donald Trump and Congressional Democrats to peg the new round of pandemic recovery stimulus checks at $2,000-per-person has failed, at least for now — blocked by Senate Majority Leader Mitch McConnell and other GOP senators. Get the Full Story Complete the...

Economy
Report: ‘K-Shaped’ Recovery Divides Corporates, SMBs
December 29, 2020

The biggest brands in the U.S. — think Amazon, Starbucks, McDonald’s and Walmart — are expected to get even bigger post-pandemic, while small- to medium-sized businesses (SMBs) fight for survival, the Financial Times (FT) reported Tuesday (Dec. 29). Get the Full Story Complete the form...

Economy
No Lapses Seen For Unemployment Benefits, Despite Congressional Delays
December 29, 2020

The U.S. Department of Labor (DOL) said it doesn’t anticipate any lapses in unemployment benefits, despite repeated delays by Congress in passing COVID-19 economic relief legislation that would extend such payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
US House OKs $2,000 Stimulus Checks, Sends Bill To Senate
December 28, 2020

The U.S. House of Representatives voted Monday (Dec. 28) to pass legislation raising individual stimulus check payments to $2,000 instead of $600, CNBC reported, in line with a call from President Donald Trump last week. Get the Full Story Complete the form to unlock this...

Economy
Will The New Round Of Stimulus And PPP Loans Save SMBs?
December 28, 2020

After months of waiting and another week of speculation that President Donald Trump might veto the bill, the new $900 billion round of stimulus has been approved by Congress and signed into law by the president. Get the Full Story Complete the form to unlock...

Economy
Trump’s Demand For $2,000 Individual Stimulus Could Delay Payments
December 23, 2020

President Donald Trump said he doesn’t think the $600 per person individual stimulus payments are enough, and his demand to increase them to $2,000 could delay the relief bill and the individual payments, CNBC reported Wednesday (Dec. 23). Get the Full Story Complete the form to...