Companies that manufacture products are weathering the pandemic more easily than companies that sell services or experiences, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Several powerful business interests, including representatives from J.P. Morgan Chase, Microsoft and the travel industry, are publicly urging a peaceful transition of power after the U.S. election to help with future stimulus efforts and the economy overall, the Financial Times (FT) reported. Get the Full...
The nation’s unemployment rate continued to drop in October, falling to 6.9 percent as employment rose by 638,000. In September, the unemployment rate was 7.9 percent, a full percentage point higher. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
As pandemic cases have ticked up over the past several weeks, the travel industry’s fortunes worldwide have ticked down. With lockdowns re-emerging in the United Kingdom and the European Union, travel restrictions and outright bans have followed. For example, the United Kingdom has banned all non-essential domestic and...
No one likes stockouts — certainly not consumers. Or the retailers who sell things to them. 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 newsletter,...
The Federal Reserve’s Thursday (Nov. 5) statement from the Federal Open Market Committee (FOMC) affirms its position to use the “full range” of tools at its disposal to stabilize the U.S. economy amid the pandemic. Get the Full Story Complete the form to unlock this...
In the week ending Oct. 31 jobless claims were 751,000, dropping 7,000 from the previous week’s revised level, the U.S. Department of Labor (DOL) reported Thursday (Nov. 5). This is the eighth consecutive week unemployment filings went down since the coronavirus pandemic struck the U.S....
Senate Majority Leader Mitch McConnell said his first priority is passing a new COVID-19 stimulus bill before the end of the year, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A top European Central Bank (ECB) policymaker has added his voice to rising concerns that renewed COVID-19 restrictions could cause a further downturn in the continent’s economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
