Recent years have witnessed a surge in the adoption of digital payments worldwide, driven by the rising number of smart devices and the booming eCommerce market. As one of the first and most significant players in the digital payments landscape, PayPal has played a huge role in building a cashless society. According to data gathered by StockApps.com, PayPal hit 346 million … [More]
500 U.S. Companies File for Bankruptcy and More Expected, says GlobalData

Amid the financial and economic crisis triggered by COVID-19, around 500 businesses have filed for bankruptcy since March 2020 and the trend is only set to persist in the coming months, says GlobalData, a leading data analytics company. Bindi Patel, Economic Research Analyst at GlobalData, says: “An increasing number of US companies are filing for bankruptcy. Various … [More]
Global Hiring Experiences Mixed Recovery as Demand Patterns Impacted by COVID-19
COVID-19 has impacted hiring across all industries globally according to the latest findings by GlobalData, a leading data and analytics company. While trends were positive for most of Q1 2020, the severe impacts of COVID-19 in Q2 have resulted in job posting declines. While Q3 brought some respite with a resurgence in hiring, the trends are not consistent across sectors, … [More]
Phoenix Has Highest Year-Over-Year Rent Price Increase in July at 4.7%
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across more than 80 metropolitan areas. Data collected for July 2020 shows a national rent increase of 1.7% year over year, down from a 2.9% year-over-year … [More]
The Burgeoning West Valley: Land and Housing Forecast

“Washington is not a place to live in. The rents are high, the food is bad, the dust is disgusting, and the morals are deplorable. Go West, young man, go West and grow up with the country.” —Horace Greeley, New-York Daily Tribune, July 13, 1865 Myriad master-planned communities. Thriving new businesses. National companies in manufacturing and healthcare. Transportation … [More]
Consumer Price Index Increased 0.4% in August
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in August on a seasonally adjusted basis after rising 0.6 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.3 percent before seasonal adjustment. The monthly increase in the seasonally adjusted all items index was … [More]
Weekly Jobless Claims Hover Above 800,000, Virus Continues Toll on Employment
In the week ending September 5, the advance figure for seasonally adjusted initial claims was 884,000, unchanged from the previous week's revised level. The previous week's level was revised up by 3,000 from 881,000 to 884,000. The 4-week moving average was 970,750, a decrease of 21,750 from the previous week's revised average. The previous week's average was revised up by 750 … [More]
New Study: Work From Home Forever? COVID-19 Challenges the Traditional Office and Hints at a Future of Remote Work
Stay-at-home mandates closed offices and stopped commutes for many, but new data from Clutch, the leading B2B ratings and reviews firm, reveals that 55% of employees would feel safe returning to their office. In contrast, only 32% of workers would feel unsafe going back to work. While this data suggests that employees are ready to return to business as usual, they are … [More]
Small Business Optimism Rebounds, Exceeding Historical Average
The NFIB Optimism Index increased 1.4 points in August to 100.2, a reading slightly above the historical 46-year average. Seven of the 10 Index components improved, two declined, and one was unchanged. The NFIB Uncertainty Index increased two points in August to 90, the second-highest reading since 2017. The record reading of 100 was reached in November 2016. “Small … [More]
Low Air Freight Capacity Could Trigger Shipping Delays
Because of the COVID-19 pandemic, total worldwide air traffic in June was down 42% from June of 2019. Also because of the pandemic, total worldwide ecommerce volume for 2020 is expected to be 33% higher than the preceding year. These two trends, notes A.J. Hernandez, President and CEO of SkyPostal, Inc., are on a potential collision course. “The industry needs to address this … [More]
Small Business Labor Market Makes Improvement in August
A seasonally adjusted net 21% of small businesses plan to create new jobs in the next three months, according to NFIB’s monthly jobs report. This is up 3 points from July and 20 points above April’s reading, an unprecedented recovery. “The small business labor market is recovering and moving in the right direction,” said NFIB Chief Economist Bill Dunkelberg. “Small … [More]
The U.S. Added 1.4 Million Jobs in August, Unemployment Rate Fell to 8.4%.
Total nonfarm payroll employment rose by 1.4 million in August, and the unemployment rate fell to 8.4 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In August, an increase in … [More]
U.S. Weekly Jobless Claims Remain High at 881,000
SEASONALLY ADJUSTED DATA In the week ending August 29, the advance figure for seasonally adjusted initial claims was 881,000, a decrease of 130,000 from the previous week's revised level. The previous week's level was revised up by 5,000 from 1,006,000 to 1,011,000. The 4-week moving average was 991,750, a decrease of 77,500 from the previous week's revised average. The … [More]
U.S. International Trade in Goods and Services Deficit for July 2020 Up $10.1 Billion
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $63.6 billion in July, up $10.1 billion from $53.5 billion in June, revised. U.S. International Trade in Goods and Services Deficit Deficit: $63.6 Billion +18.9%° Exports: $168.1 Billion +8.1%° Imports: $231.7 … [More]
Industry-Specific Report: Small Business Economy Update
The NFIB Research Center released a Small Business Economic Trends Industry-specific survey highlighting the construction, manufacturing, retail, and services industries. NFIB released a previous quarterly report in May 2020. “Small businesses are working hard to stay open while they continue to navigate the coronavirus pandemic,” says Holly Wade, NFIB Director of Research … [More]
July Home Price Appreciation Reached Highest Level Since 2018, Phoenix Tops Risk of Decline List
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for July 2020. Nationally, home prices increased 5.5% in July 2020, compared with July 2019, and were up 1.2% compared to last month, when home prices increased 4.3%. In July, annual home price growth … [More]
Their Take: Dow Revolution – Looking to the Future

The committee charged with the management of the Dow Jones Industrial Index Fund has recently announced that it will change out three stocks (XOM Exxon Mobile Corp., PFE Pfizer Inc., and RTX Raytheon Technology Corp.) for three new stocks (CRM Salesforce.com Inc., AMGN AMGEN Inc., HON Honeywell International Inc.) This kind of change up in the Dow line-up hasn’t been done … [More]
Report: State of Hotel Industry 6 Months into COVID-19, Layoffs and Lowest Occupancy

The American Hotel & Lodging Association (AHLA) released an analysis on the economic and human struggle of the hotel industry six months into the COVID-19 pandemic, with millions of employees still furloughed or laid off and travel demand lagging far behind normal levels. Key findings of the report include: Four out of 10 hotel employees are still not working. … [More]













