Economy

Economy
What Digital 3.0 ‘Convenience Shifters’ Want From Merchants
July 10, 2020

Shapeshifting is rarely convenient (ask any werewolf), but in the case of a newly-minted persona that PYMNTS calls the “convenience shifter” some COVID-era behavioral changes aren’t all bad. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
BoA: Big Restaurants Are Recovering Quicker From Pandemic
July 09, 2020

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...

Economy
Coronavirus Refunds: Kansas City Chiefs Provide Reimbursement, Credit Options To Season Ticket Holders
July 09, 2020

As the pandemic continues to disrupt everyday life the world over, consumers might want refunds on things they have already paid for but may not be able to use. Sports teams are offering to provide credits or refunds to their fans. Get the Full Story...

Economy
Mnuchin: Any PPP Extension Would Be ‘More Targeted’
July 09, 2020

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...

Economy
The Four COVID Personas, Part 2: ‘Safety Shifters’
July 09, 2020

“The truth is that consumers’ attitudes about the COVID-19 pandemic vary dramatically by their personal circumstances and preferences. Some are working professionals who have been lucky to operate remotely and are now eager for reasons to leave their homes. Others are still so worried about...

Economy
Another 1.3M Americans File Jobless Claims; COVID-Related Total Now Stands At 49M+
July 09, 2020

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...

Economy
Jobless Rate Could Drop To 7 Pct By Year’s End, Fed’s Bullard Says
July 09, 2020

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...

Economy
Data: Laid-Off Workers Eligible For More Jobless Benefits Than Wages
July 08, 2020

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...

Economy
The Four COVID Personas, Part 1: ‘Social Shifters’
July 08, 2020

That people and life itself are changing as a result of the pandemic is not in doubt. 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...