Economy

Economy
Trump Pauses US Stimulus Negotiations Until After Election
October 06, 2020

Stimulus negotiations are on hold. That is the news out of Washington today (Oct 6) as President Trump has announced that negotiations between Republicans and Democrats will be officially paused until after the election on Nov. 3. Get the Full Story Complete the form to...

Economy
IMF Managing Director Sounds Brighter Economic Tone
October 06, 2020

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said in remarks prepared for delivery Tuesday (Oct. 6) that the world economy is looking better than the organization predicted three months ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Fed Chief Warns More Spending Needed To Keep Recovery Rolling
October 06, 2020

With another coronavirus relief package stalled in Congress, Federal Reserve Chair Jerome Powell is warning of “tragic” consequences if the federal government fails to provide more support for struggling businesses and households. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Teen Spending Plummets To A 20-Year Low
October 06, 2020

A new survey revealed teenagers spent less money on food, events and concerts during the COVID-19 pandemic amid fear of a worsening economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
B20 Execs Call For Action Amid ‘Worst-State’ Global Economy
October 05, 2020

International business leaders are calling for urgent action to counter “elevated” downside risks from a global economy that is in its “worst state in a century.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
James Bond’s License To Close Movie Theater Chains
October 05, 2020

The past six months have been unquestionably difficult for movie theaters. 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 daily newsletter, PYMNTS Today. By completing...

Economy
Permanent US Job Losses Over Last 6 Months Rose Fastest In 50 Years
October 04, 2020

As the pandemic continues, so does the lagging economy — and a spate of now permanent layoffs, CNN reported. 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...

Economy
Regal Cinemas Owner Cineworld Considers Temporary Closure Of US, UK Theaters
October 04, 2020

On the heels of Hollywood’s decision to postpone the James Bond film “No Time To Die” premiere until next spring, the world’s second-largest movie theater chain and its U.S. division said they are considering temporarily closing all of their cinemas, according to Reuters. Get the...

Airbus Says Probable Future Of Airline Sector Grim
October 04, 2020

Despite a move by major airlines to drop fees to lure customers, the chief operating officer of Airbus said Saturday (Oct. 3) the outlook for the aviation industry is grim as COVID-19 infections rise and travel restrictions resume, Reuters reported. Get the Full Story Complete...