Economy

Economy
What Happens If COVID Prompts Consumers And Businesses To Flee Cities?
July 08, 2020

Might one casualty of the coronavirus be the city center? One of the pandemic’s effects has been to spur individuals and companies to physically relocate from their city’s downtown area to its outskirts. Get the Full Story Complete the form to unlock this article and...

Economy
Rocky Road Confronts Digital (And Hesitant) Consumer For Rest Of 2020
July 08, 2020

For the digital consumer — for the U.S. economy — a recovery is in the cards, yes. 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...

Economy
Landry’s CEO Calls For Federal Rules On Reopening
July 07, 2020

Billionaire business owner Tilman Fertitta, who is the CEO of restaurant corporation Landry’s, said the U.S. needs nationwide rules for how businesses can reopen, calling it “literally ridiculous” to keep closing and reopening as the virus temporarily wanes and surges, CNBC reported. Get the Full...

Economy
More Cash Payments Would Speed Up Recovery, Economists Say
July 07, 2020

An open letter signed by more than 150 economists in concert with two public policy groups asks the government to provide more cash for individuals in a manner similar to the distribution of $1,200 per person earlier this year. Get the Full Story Complete the...

Economy
COVID-19 Benefits Aid Nontraditional Workers
July 07, 2020

The COVID-19 economic crisis seems to be exposing gaping holes in the U.S safety net. A case in point: some 12.9 million Americans are collecting unemployment benefits through a special program under the federal Coronavirus Aid, Relief, and Economic Security Act, better known as the...

Economy
Atlanta Fed Warns Recovery Could Stall As Outbreaks Surge
July 07, 2020

The uptick in U.S. coronavirus cases could dampen the recovery of the nation’s economy, according to a Federal Reserve official. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
McConnell: Stimulus Checks An Option For Low-Income Workers
July 07, 2020

U.S. Senate Majority Leader Mitch McConnell said on Monday (July 6) that he could be open to more stimulus checks for individual Americans, NBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
A Third Of US Companies Slashed Worker Pay For Pandemic
July 06, 2020

A new survey by global outplacement and executive and business coaching firm Challenger, Gray & Christmas found that 30 percent of companies have cut pay in response to the pandemic, the company announce in a press release. Get the Full Story Complete the form to...

Economy
Expert: Job Reports Missed Troubling Trend
July 06, 2020

Crossmark Global Investments, the Texas money management team, said last week’s jobs report had a giant hole in it.  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...