Economy

Economy
US GDP declined by 31.4 percent in Q2, Slightly Better Than Estimates
September 30, 2020

For the U.S. GDP, a slight improvement of some very bad numbers is an improvement, technically. 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...

Economy
ADP, Paychex Employment Reports Show Some Recovery For SMBs
September 30, 2020

Two new reports show that the U.S. job market continued to slowly recover in September, although small businesses reported only small gains. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
NYC Sees 40 Pct Hike In Bankruptcies As Office Workers, Tourists Stay Home
September 29, 2020

Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg, and it’s forecasted to keep getting worse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Key Financial Leaders Offer Dueling Economic Forecasts
September 29, 2020

Is the U.S. economy in a V-shaped recovery or should we brace for a long and bumpy road ahead? 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...

Economy
Is Consumer Spending Heading Toward A Cliff?
September 29, 2020

Consumer spending has been on something of a roller-coaster ride in 2020 thus far – dropping into the basement in the spring, but showing signs of recovery over the summer. Things rebounded due to a slow-but-steady reopening of U.S. businesses, coupled with federal funds injected...

Economy
Consumer Confidence Index Up In September
September 29, 2020

The Conference Board’s Consumer Confidence Index increased in September, after slipping in August, according to the Consumer Confidence Survey released Tuesday (Sept. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Pelosi, Mnuchin Return To The Stimulus Negotiation Table
September 29, 2020

With just 36 days until the presidential election, House Speaker Nancy Pelosi (D-California) and U.S. Treasury Secretary Steven Mnuchin are still trying to iron out the details of a compromise coronavirus stimulus plan. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens
September 29, 2020

The Fed’s latest Survey of Consumer Finances might come with a caveat: The data measure a period that may seem long ago and far away — the time before COVID, of course. But they show an increasing interest in online banking, an attempt to grow...

Economy
When Will The American Consumer Return To Her Pre-Pandemic Routines?
September 27, 2020

Are we there yet? 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, PYMNTS Today. By completing this form, you agree to receive marketing...