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Gov’t Shutdown Costs Creep To $11B

PYMNTS

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. Earlier this month, Federal Reserve Chairman Jay Powell warned that an extended government shutdown could be damaging to the U.S.

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Hacker Prompts Shutdown Of ECB Website

PYMNTS

The attack, which dates back to at least December of 2018, was not discovered for months. In 2016, hackers stole $81 million from the Bangladeshi central bank from an account at the New York Fed. It was discovered during routine maintenance work. The ECB is contacting people whose data may have been affected,” the bank said.

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Vaccine May Spark Inflation Jump As Consumers Spend More

PYMNTS

That means economic activity for months post-vaccine will be compared with months that fell during the depths of the COVID-19-related shutdowns beginning in March 2021. Fed governors have indicated in the past that inflation about 2 percent is okay for a spell if it follows a period of sub-2 percent inflation.

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Jos Growth Numbers Mark 100 Months Of Gains

PYMNTS

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. These latest numbers come after an average monthly gain of 223,000, seen throughout 2018.

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Jobs Numbers Mark 100 Months of Gains in a Row

PYMNTS

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. These latest numbers come after an average monthly gain of 223,000, seen throughout 2018.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

How are food leaders adapting in 2018? In contrast with many fast-casual menus, “meat” at Next Level Burger is not advertised as organic, local, or grass-fed. North 3rd Street Market opened in Williamsburg, Brooklyn, in May 2018, just in time for the dreaded L train shutdown. the Future of food report. Next Level Burger.