The International Monetary Fund has upgraded its global real gross domestic product (GDP) forecast for 2020 to -4.4 percent in October from -5.2 percent in June. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The International Monetary Fund (IMF) is calling for additional government assistance to women and younger workers affected by COVID-19, based on an analysis of anonymized customer activity during shutdowns provided by mobile carrier Vodafone. Get the Full Story Complete the form to unlock this article...
Jobless claims continued to be below 1 million last week, but so far have failed to slip under 800,000 since the start of the pandemic, according to data released Thursday (Oct. 8) by the U.S. Department of Labor (DOL). Get the Full Story Complete the form...
In the tilt-a-whirl that is Washington, D.C. right now, the wildest go-rounds are centered on stimulus payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Restauranteur Danny Meyer, CEO of Union Square Hospitality Group and founder of Shake Shack, said there is likely to be large-scale economic damage without more financial aid to combat issues related to the pandemic, CNBC reported. Get the Full Story Complete the form to unlock...
Americans cut their credit card balances in August for the sixth consecutive month, the Federal Reserve System reported Wednesday (Oct. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Booking Holdings CEO Glenn Fogel wants Congress to provide more support for the airline industry, saying that not doing so would prevent the industry from recovering quickly once the pandemic slowed, CNBC reported. Get the Full Story Complete the form to unlock this article and...
Hours after President Donald Trump told his staff to end negotiations with lawmakers over a new stimulus package, he reversed that decision. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Landry’s CEO and chairman Tilman Fertitta, speaking on CNBC, said he thinks anyone operating a restaurant in New York City is likely in danger of going out of business, particularly if things have to shut down again due to the coronavirus. Get the Full Story...
