The resurgence of the COVID-19 has delivered a crippling blow to many small businesses, The New York Times 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...
The annual U.S. budget deficit rose above $3 trillion for the year ending in June amid plummeting tax revenues due to mass unemployment and shuttered businesses during lockdown periods, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...
In three weeks, the $600 federal jobless benefit that has been added to the state’s unemployment checks will end. 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...
Big restaurant chains are faster to recover from the pandemic as compared to smaller independent eateries, Bank of America (BoA) said, as reported by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
At a time when many businesses have used up the funds they’ve received from the Paycheck Protection Program (PPP), U.S. Treasury Secretary Steven Mnuchin said in a televised interview that “bipartisan work” on a potential extension is underway. Get the Full Story Complete the form...
The U.S. Labor Department (DOL) reported Thursday (July 9) that another 1,314,000 American filed initial claims for jobless benefits last week, bringing the total number to more than 49 million since the pandemic began. Get the Full Story Complete the form to unlock this article...
St. Louis Federal Reserve President James Bullard put in a vote of confidence for the U.S. economy on Wednesday (July 8), saying that the unemployment rate could fall as low as 7 percent by the end of 2020, according to CNBC. Get the Full Story...
According to a recent National Bureau of Economic Research (NBER) survey, two-thirds of unemployed workers in the U.S. after the CARES Act could have received compensation that was better than what they earned at their previous jobs, with one-fifth also receiving almost double what they...
The British government will provide cash bonuses and other incentives to employers that re-hire workers who were laid off as a result of COVID-19, Chancellor of the Exchequer Rishi Sunak told Parliament on Wednesday (July 8). Get the Full Story Complete the form to unlock...
