Tag: COVID-19

November 5, 2021

Digital payments companies have been transforming the financial industry in recent years as companies and consumers sought easier, faster payment methods. The COVID-19 pandemic supercharged the trend as companies and consumers increased their use of such tools from home offices […]

October 27, 2021

The new data on college pricing and student aid adds perspective to how shifts in the U.S. higher education landscape are unfolding. “This year’s data underscore the significant impact COVID-19 has had on higher education,” Jessica Howell, College Board’s vice […]

October 19, 2021

Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can’t find fertilizer, made using natural gas. And fears are rising […]

October 19, 2021

The global upswing in trade is leaving the U.K. behind, an early sign of the challenge Brexit is presenting its economy. The U.K. formally began its new relationship with the European Union Jan. 1. Before then, and before the Covid-19 […]

October 18, 2021

Oil prices hit multi-year highs on Monday, buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation. Brent crude oil futures were up 52 cents, or 0.6%, […]

October 6, 2021

Far-right media outlet One America News Network, known for promoting conspiracy theories about COVID-19 and the 2020 presidential election, would likely not exist without the support and funding from telecom giant AT&T — whose executives reportedly came up with the […]

October 1, 2021

Global shares remained under pressure on Friday with debate over the timing of future interest rate rises on both sides of the Atlantic intensified by euro zone inflation jumping to a 13-year high. Earlier in the week, global shares suffered […]

September 20, 2021

The buying spree for the payments industry continued last week with two more deals that demonstrate the industry is continuing to buy up rivals and startups to drive growth. Fresh off of raising $300 million in new venture capital, the […]

September 14, 2021

The share of Americans living in poverty rose slightly as the COVID-19 pandemic shook the economy last year, but massive relief payments pumped out by Congress eased hardship for many, the Census Bureau reported Tuesday. The official poverty measure showed […]

September 14, 2021

The payments industry is poised for a record-breaking year in acquisitions as fintech startups and COVID-19 drive business change for large legacy players. Merger and acquisition research firm Dealogic recorded 125 acquisitions through early September, before a recent spate of […]

September 9, 2021

The number of Americans seeking unemployment benefits fell last week to 310,000, a pandemic low and a sign that the surge in COVID-19 cases caused by the delta variant has yet to lead to widespread layoffs. Thursday’s report from the […]

September 9, 2021

Several leading U.S. airlines warned Thursday that the rise in COVID-19 cases due to the delta variant is hurting their bookings and further delaying a recovery for the travel industry. American Airlines said a slowdown that started in August has […]

August 25, 2021

Salesforce.com Inc. reported a boost in quarterly sales and again lifted its full-year outlook in a sign that companies continue their bet on cloud computing for business applications as the Delta variant of Covid-19 spreads. The business-software provider has been […]

August 23, 2021

US stocks rebounded from last week’s losses and moved higher on Monday, ahead of a key policy meeting from the Federal Reserve. Fed Chairman Jerome Powell and Fed governors are set to meet for their annual Jackson Hole meeting on […]

August 10, 2021

Oil prices rose 3% on Tuesday, largely driven by profit taking after more than a week’s losses and supported by rising demand in Europe and the United States. Brent crude was up $1.87, or 2.7%, at $70.91 a barrel by […]

August 6, 2021

U.S. hiring surged again last month as the economy continued to reopen, with employers adding 943,000 jobs despite a spike in COVID-19 cases as persistent worker shortages appeared to ease. The unemployment rate, which is calculated from a separate survey […]

August 4, 2021

The New York Times Co beat quarterly profit expectations on Wednesday as its advertising business showed signs of recovery, eclipsing slower growth in digital subscriptions and sending its shares 12% higher. The financial fallout from the COVID-19 crisis had last […]

July 29, 2021

The U.S. economy grew sharply in the second quarter amid the reopening economy and increasing COVID-19 vaccinations but the surge was less robust than expected and likely represented a high-water mark in a historically strong year. The nation’s gross domestic […]

July 20, 2021

It may be the dog days of summer, but retailers are already busy planning for a holiday season geared toward experiential, but less expensive, gifting. The new forecast from Salesforce, released Tuesday (July 20), also predicts that logistical challenges could […]

July 19, 2021

Like the rest of the financial services sector, the payments industry is on alert about a rise in cybersecurity incidents, a concern that has only become more acute as the world economy adjusted to the Covid-19 pandemic. Large industry players […]