economy

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

After Summer Rebound, Canadian Businesses Brace For Harsh Winter

After Summer Rebound, Canadian Businesses Brace For Harsh Winter
After Summer Rebound, Canadian Businesses Brace For Harsh Winter
October 19, 2020  |  Economy

Canada’s economy has rebounded from the depths of the coronavirus-triggered downturn over the summer but still remains stuck in negative territory, a new Bank of...

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FDIC: US Bankless Rate Set To Rise If Pandemic Continues
FDIC: US Bankless Rate Set To Rise If Pandemic Continues
October 19, 2020  |  Banking

The number of Americans without bank accounts is expected to spike again in the wake of the coronavirus pandemic after hitting a low last year,...

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Global Processing Services Nets Visa Investment For Expansion
Global Processing Services Nets Visa Investment For Expansion
October 19, 2020  |  Investments

Global Processing Services (GPS), the payments issuer processor, has a new strategic investment from Visa to help GPS launch new products and continue expanding, according to...

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China Central Bank Expects Country’s Economy To Grow 2 Pct This Year
China Central Bank Expects Country’s Economy To Grow 2 Pct This Year
October 18, 2020  |  Cross-border Payments

China says it has the COVID-19 pandemic under control and will see its economy boosted by around 2 percent, according to Reuters. Get the Full...

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US Consumers’ FICO Score Hits Highest Since 2005
US Consumers’ FICO Score Hits Highest Since 2005
October 18, 2020  |  Economy

The COVID-19 pandemic has produced one ray of sunshine amid otherwise devastatingly dark clouds: Consumer credit scores have improved in recent months to the point...

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Lagarde: New COVID Restrictions Will Mean More Financial Aid
Lagarde: New COVID Restrictions Will Mean More Financial Aid
October 18, 2020  |  Economy

Recent restrictions on day-to-day life from the COVID-19 pandemic will also have to come with financial aid, according to European Central Bank President Christine Lagarde,...

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US Senate To Vote Wednesday On More COVID-19 Relief
US Senate To Vote Wednesday On More COVID-19 Relief
October 18, 2020  |  Economy

U.S. Senate Majority Leader Mitch McConnell (R-Ky.) has scheduled a vote for Wednesday on a $500 billion federal COVID-19 relief package that falls well short...

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PPP, SMBs And The Challenges Of KYC
PPP, SMBs And The Challenges Of KYC
October 16, 2020  |  Loans

The House Select Subcommittee on the Coronavirus Crisis found the U.S. Treasury Department encouraged banks to prioritize existing customers applying for PPP loans — allegedly...

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