economy

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

Jobless Claims Up With Another 778K People Filing For Unemployment

Jobless Claims Up With Another 778K People Filing For Unemployment
Jobless Claims Up With Another 778K People Filing For Unemployment
November 25, 2020  |  Economy

New jobless claims were up 778,000 for the week ending Nov. 21, an increase of 30,000 over the previous week, which was revised up by 6,000...

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Challenger Bank Current Nets $131M On $750M Valuation
Challenger Bank Current Nets $131M On $750M Valuation
November 24, 2020  |  Banking

U.S. challenger bank Current has raised $131 million in a Series C funding round, according to a press release. Get the Full Story Complete the...

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CDC Eyes Shortening COVID Quarantine Time In Hopes Of More Compliance
CDC Eyes Shortening COVID Quarantine Time In Hopes Of More Compliance
November 24, 2020  |  Economy

The U.S. Centers for Disease Control and Prevention (CDC) is finalizing its recommendations for shorter quarantine times after potential COVID-19 exposure, The Wall Street Journal...

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FinTech Stripe Eyes Funding Round That Could Put Valuation At $100B
FinTech Stripe Eyes Funding Round That Could Put Valuation At $100B
November 24, 2020  |  Investments

FinTech Stripe is considering a funding round to value it higher than the $36 billion it got on its last round, Bloomberg reports. According to...

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China Expects Economy To Improve In 2021 As Region Sees Boost In Tourism
China Expects Economy To Improve In 2021 As Region Sees Boost In Tourism
November 24, 2020  |  Cross-border Payments

Li Keqiang, Chinese premier, forecasts that the country could return to normal economic activity by next year, Reuters reports. Get the Full Story Complete the...

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Payments Stocks Cash In As Relief Rally Takes Hold
Payments Stocks Cash In As Relief Rally Takes Hold
November 24, 2020  |  Economy

Two words might explain Tuesday’s stock market action: “Relief rally.” Because Wall Street, it’s famously been said, abhors a vacuum and hates uncertainty. When uncertainty...

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Consumers Gloomy Amid Slowing Growth, COVID-19 Numbers, Survey Finds 
Consumers Gloomy Amid Slowing Growth, COVID-19 Numbers, Survey Finds 
November 24, 2020  |  Economy

The Dow may just have crossed 30,000, but U.S. consumers are growing gloomier as a dark coronavirus winter settles in, as shown in a new...

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Janet Yellen, The Treasury — And What Might Be Next For Banks
Janet Yellen, The Treasury — And What Might Be Next For Banks
November 24, 2020  |  Economy

Nothing’s set in stone yet, but as the Biden administration settles in, we’ll get some clearer indications about what’s ahead for monetary policy — which...

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