economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

Republicans Propose $600 Billion COVID Stimulus Compromise

Republicans Propose $600 Billion COVID Stimulus Compromise
Republicans Propose $600 Billion COVID Stimulus Compromise
January 31, 2021  |  Legal & Regulation

Ten Republican senators are calling on President Joe Biden to consider a smaller, less costly $600 billion COVID-19 relief bill, according to CNBC. Get the...

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BEA Report Shows US Personal Income Up More Than Expected
BEA Report Shows US Personal Income Up More Than Expected
January 29, 2021  |  Economy

U.S. personal income in the month of December rose more than anticipated, according to the latest report from the Bureau of Economic Analysis (BEA) on...

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ECB Concerned That Euro Banks Are Unprepared For Spate Of Bad Loans
ECB Concerned That Euro Banks Are Unprepared For Spate Of Bad Loans
January 28, 2021  |  Loans

The European Central Bank (ECB) is concerned that regional banks are not setting aside as much money as other countries to cover loan losses stemming...

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US Economy Sees 4 Pct GDP Gain In Q4 Of 2020
US Economy Sees 4 Pct GDP Gain In Q4 Of 2020
January 28, 2021  |  Economy

Gross domestic product (GDP) went up 4 percent in the fourth quarter of 2020, slightly below economists’ forecasts of 4.3 percent, according to a report...

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New Jobless Claims Down Slightly To 847,000
New Jobless Claims Down Slightly To 847,000
January 28, 2021  |  Economy

Another 847,000 Americans filed for first-time unemployment benefits last week, down from 914,000 claims the week before, according to the weekly Department of Labor report...

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Western Union: Global Citizens Are The Hope For The Future
Western Union: Global Citizens Are The Hope For The Future
January 28, 2021  |  Cross-border Payments

Written on International Migrants Day, this contribution from Hikmet Ersek, president, CEO and director of Western Union, emphasizes the importance of global migrants in strengthening...

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Western Union: Emerging Market GDP, Innovation Depend On Remittances
Western Union: Emerging Market GDP, Innovation Depend On Remittances
January 28, 2021  |  Cross-border Payments

In the payments industry, they’re known as remittances. But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing...

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PPP Round Two: SBA Approves $35 Billion In New Loans
PPP Round Two: SBA Approves $35 Billion In New Loans
January 26, 2021  |  Loans

The U.S. Small Business Administration (SBA) has approved 400,000 more pandemic relief loans worth $35 billion, saying it is trying to repair operational problems in...

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