The U.S. Federal Reserve said on Monday (March 23) that it would support a large range of credit for not only households, but big employers and small businesses alike, to try and push back the “tremendous hardship” that’s been caused by the coronavirus pandemic, according...
Gig economy workers suffering from lost wages due to the coronavirus are seeking relief from the federal government, as they are independent contractors and aren’t eligible for unemployment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Federal Reserve launched a massive aid package on Monday (March 23) to prop up the coronavirus-devastated U.S. economy, unveiling up to $300 billion in financing for consumers and businesses large and small, and an unlimited amount of so-called “quantitative easing.” The moves temporarily buoyed...
To assist borrowers who are paying back U.S. Small Business Administration loans from past disasters, SBA Administrator Jovita Carranza has put into place automatic deferment on existing SBA Disaster Loans through the conclusion of this year. Borrowers of business and home disaster loans don’t have...
Nigeria-based eCommerce and payments startup Jumia is supporting the fight against COVID-19 in Africa by using its platform to offer information, delivery and supplies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Let’s face it, if you’re a supermarket or pharmacy chain that is most likely seeing the same or even more revenue during the COVID-19 crisis, it’s fairly easy to give employees bonuses and commit to their long-term employment. But for non-essential retail, stepping up takes...
For the airline industry, keeping at least some top line in place to cover enormous fixed costs is a critical strategy as demand for travel has cratered. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As PYMNTS reports daily on developments with the new coronavirus that has disrupted life around the world with alarming speed, the latest in our ongoing series, “Navigating The COVID-19 Pandemic: How Consumers Are Reorganizing Their Lives in the Wake of the Outbreak,” sheds more light...
Economists at Morgan Stanley and Goldman Sachs Group are warning that the coronavirus will be more economically devastating than originally forecasted, according to a Sunday (March 22) Bloomberg report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
