What does the shape of recovery look like? Even with a new surge of virus cases coming, MerchantE Chief Financial Officer Shimon Steinmetz says that an Airbnb IPO and increased mortgage applications are the positive economic tea leaves we need to see.
COVID-19 cases are starting to spike in the United States and around the world — carrying with them a new wave of restrictions and shutdowns across Europe as leaders try to contain the virus. Get the Full Story Complete the form to unlock this article...
The faster spread this fall of COVID-19 in Europe compared to the spread in the United States during the same period has left Europe’s economy sputtering even as the U.S. economy continues to come back to life, according to new data cited by The Wall...
With COVID-19 cases rising in Illinois, operators of small- to medium-sized businesses (SMBs) in heavily populated areas face new shutdowns — measures likely to be all the more painful economically because of looming winter weather that will make options such as outdoor dining unattractive, The...
Post-pandemic, digital dollars will make their way across supply chains drastically reconfigured, and China will be out of the picture as the dominant U.S. trading partner. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
U.S. initial claims for unemployment insurance fell in the week ended Oct. 17 to, declining 55,000 from the week prior to hit a seasonally adjusted 787,000, the Department of Labor reported Thursday (Oct. 22). Get the Full Story Complete the form to unlock this article...
A top Fed official is warning more stimulus spending will be needed in order to turn a “K-shaped recovery” in the United States into one that is “broad-based and inclusive.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Many unemployed U.S. workers simply gave up trying to find work in September after months of the coronavirus pandemic and ensuing recession, the Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
U.S. House Democrats are signaling that progress is being made on talks about a new stimulus package. However, little indication that anything will be passed in the next two weeks before the November election, Financial Times (FT) writes. Get the Full Story Complete the form...
