Economy

Economy
Main Street On Lockdown: The COVID-19 Cash Chasm
August 25, 2020

The Paycheck Protection Program (PPP) relief effort began accepting applications from small to mid-sized businesses (SMBs), which employ roughly half of the United States workforce, on April 3. Lawmakers and business leaders had high hopes for the bill, believing it would help slow the deterioration...

Economy
Small Landlords Face Cash Crunch As A Third Of US Renters Don’t Pay
August 24, 2020

Almost a third of renters in single-family or small multifamily properties couldn’t make their August rent, according to CNBC, citing a survey by Avail, a tech and marketing platform for small landlords. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Economists Predict Slow Recovery, Chance Of Double-Dip Recession
August 24, 2020

The new report from the National Association of Business Economists (NABE) finds respondents to the August 2020 NABE Economic Policy Survey think the U.S. economy has been in a recession since February and will likely continue to be so for the next few years. Get...

Economy
Navigating The COVID-19 Pandemic: How The Paycheck-To-Paycheck Economy Is Beginning To Buckle
August 24, 2020

The World Health Organization’s (WHO’s) March 11 announcement labeling the COVID-19 outbreak a pandemic marked the end of business as usual in the United States. State and local governments began issuing stay-at-home orders soon afterward, putting all non-essential business operations on hold. Get the Full...

Economy
23 States To Add $300 To Weekly Jobless Benefit Checks
August 23, 2020

Nearly half of the nation’s states have been given the green light to issue $300 in federal weekly jobless benefits to help replace lost wages for Americans who are unemployed due to COVID-19, according to a list from the Federal Emergency Management Agency (FEMA). Get...

Economy
Main Street On Lockdown: How SMBs Are Coping With The Economic Fallout Of COVID-19
August 21, 2020

Consumers confronting the COVID-19 outbreak are buying less and saving what they can, and retailers’ revenues are plummeting as a result. This is leaving many merchants wondering if they will be able to access the cash they need to remain open and — if they...

Economy
Weak Jobless Claims Report Shows US Recovery Remains Uneven
August 20, 2020

Staggered reopenings. Tourism booms that might prove temporary. Each U.S. business vertical hard-hit by the pandemic has been impacted in different ways. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
COVID-19 Makes College Fees Murkier
August 20, 2020

For college students, the subject of fees — and how to pay for them — is notoriously thorny. And now, the COVID-19 era is making things even more complicated, as different schools are taking different approaches. Get the Full Story Complete the form to unlock...

Economy
The Main Street Rescue That Wasn’t (And Still Isn’t)
August 20, 2020

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Get the Full Story Complete the form to unlock this article...