U.S. Treasury Secretary Steven Mnuchin said the administration is considering reimbursing businesses whose storefronts were damaged in the recent rioting over the death of George Floyd at the hands of Minneapolis police. Get the Full Story Complete the form to unlock this article and enjoy...
Another 1.5 million Americans applied for unemployment benefits over the past week, bringing the total jobs lost since the pandemic began to more than 44 million — or some 28 percent of the nation’s workforce. Get the Full Story Complete the form to unlock this article and...
The Paycheck Protection Program (PPP) has supported over three-quarters of the small- to medium-sized business (SMB) payroll in 50 states, Treasury Secretary Steven Mnuchin said in a Wednesday (June 10) hearing. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released economic projections for the next few years, showing that the gross domestic product (GDP) could contract by 6.5 percent this year, but predicting recovery in the next several years. Get the Full...
An awful lot of time has been spent studying how the average consumer will react to the U.S. economy’s “grand reopening.” How do they feel about getting back out there? Are there activities they’ll miss? What will they avoid? Get the Full Story Complete the...
AMC Entertainment, the U.S. theater chain, reported a decline in earnings for the first quarter ending March 31, with a $941.5 million drop in revenue. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
New hiring fell to an all-time low in April as coronavirus lockdowns took a steep toll on economic activity across the United States, according to newly released Department of Labor stats. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Small-business owners across the United States are feeling more upbeat about the state of the economy as a growing number expect the downturn to be “short-lived,” the National Federation of Independent Business (NFIB) reports. Get the Full Story Complete the form to unlock this article...
April wasn’t a good month for consumer-credit use. According to the latest Federal Reserve data, U.S. consumer borrowing dropped 19.6 percent — its fastest decline since 1943. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
