The final financial toll of the coronavirus will likely be a reduction of $7.9 trillion to the U.S. gross domestic product (GDP) until 2030, the Congressional Budget Office said Monday (June 1), according to CNBC. Get the Full Story Complete the form to unlock this...
The nation’s manufacturing sector fell to its lowest level in 11 years in May, but other indicators suggest the worst impacts of the COVID-19 pandemic could be over, according to new data from the Institute for Supply Management (ISM). Get the Full Story Complete the...
Among other efforts to stem the economic carnage, the U.S. government has passed a series of stimulus bills responding to the COVID-19 crisis, including the $2.2 trillion CARES Act, which included the Paycheck Protection Program, geared to small and medium-size businesses (SMBs). Get the Full...
For advanced economies, the transition to the digital age where manufacturing once reigned has its downside. Because when service jobs disappear — as has been the case during the pandemic — they’re slow to come back, if they ever do. Consider Australia, which may be entering...
Food prices in the U.S. are higher than they have been in almost a half-century, thanks to disruptions in the supply chain, economic issues and spikes in viral infections. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Manufacturing indexes in China show that the country’s post-pandemic economy is on the rebound, the latest reports indicate. 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...
After Alabama reopened on May 1, the state has seen coronavirus cases surge by 300 percent month over month, with intensive care units (ICUs) at less than 4 percent capacity remaining and medical workers “exhausted physically and mentally,” Montgomery Mayor Steven Reed said on CNBC....
The coronavirus pandemic has many smaller property owners looking to unload their properties to save money, which could lead to big owners seeing a market ripe with purchasing opportunities, according to a CNBC report. Get the Full Story Complete the form to unlock this article...
The “friendly skies” of United Airlines are not so friendly for employees facing layoffs as the pandemic has devastated the airline industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
