Inflation in the U.S. and a new wave of COVID-19 infections elsewhere in the world are likely to slow people’s transition out of the house and back to pre-pandemic pastimes. In that case, the pandemic nesting trend will continue to pay dividends well into 2022....
Consumers in the United States began to feel a bit more pessimistic in July about their prospects, in the latest sign that the recovery from the coronavirus downturn may be losing steam. In its 2020 “Survey of Consumer Expectations,” the Federal Reserve Bank of New...
LendingClub posted second-quarter results on Tuesday (Aug. 4) that showed a drop in origination volume as anticipated, while loan investor demand displayed early indications of recovery. In terms of headline data, loan originations of $325.8 million were down 90 percent year over year, which was...
The global pandemic has changed commerce fundamentally — a fact confirmed in Visa’s new Back to Business study. To say that consumers have shifted dramatically toward digital commerce — or that small- to medium-sized businesses (SMBs) all over the world have been rapidly pivoting to...
July 27, 2020
It’s been long said that small- to medium-sized businesses (SMBs) are the backbone of the American economy. That’s hard to argue with considering more than 99 percent of American firms are SMBs, 49 percent of the population works for one and they’re responsible for 46 percent of private-sector output, according to Small Business Administration data. […]
July 21, 2020
COVID-19 has hit the U.S. economy hard, but few areas were hit harder than small businesses. Roughly 90 percent of them are dubbed “microbusinesses,” which have fewer than 10 employees...
July 20, 2020
Voice technology was already on the rise long before the global pandemic broke out, with a steadily increasing share of consumers using voice assistants like Siri or Alexa to shop,...
July 17, 2020
Despite some positive key performance indicators delivered this week, the U.S. retail and economic recovery is still facing serious headwinds. The positive news came in the form of U.S. retail...
August 10, 2020
Consumers in the United States began to feel a bit more pessimistic in July about their prospects, in the latest sign that the recovery from the coronavirus downturn may be losing steam. In its 2020 “Survey of Consumer Expectations,” the Federal Reserve Bank of New York reports that consumers across the country felt a bit […]
August 02, 2020
The U.S. economy would be best served if the nation were to be locked down for up to six weeks, Minneapolis Federal Reserve Bank President Neel Kashkari advised. In a...
July 30, 2020
The worldwide COVID-19 economic crash has sent major automakers’ revenues and profits plunging over a cliff. Nonetheless, some see signs of an impending recovery. For its part, Germany’s Volkswagen said...
July 29, 2020
Federal Reserve Chair Jerome Powell said Wednesday (July 29) that the road to economic recovery is “extraordinarily uncertain” and will be heavily influenced by how well the country keeps the...
