U.S. consumer spending skyrocketed in May for the biggest jump on record, but the news was offset by a drop in personal income and the threat of another wave of economic disruption as coronavirus infections surge in the Sunbelt and now in California as well....
As the pandemic continues to disrupt everyday life the world over, many consumers want compensation for things they paid for but aren’t able to use. Sports fans for postponed events are receiving the option to use their tickets for a future occasion or receive a...
While younger people in the millennial and Gen Z age groups report high levels of stress in a recent survey, the COVID-19 pandemic is not necessarily the main reason for that, CNBC reports. Get the Full Story Complete the form to unlock this article and...
As coronavirus cases spike in Texas, the state’s officials have walked back their reopening plans for the state, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Federal agencies lack controls to ensure that Americans aren’t collecting unemployment while also getting paid by companies utilizing Paycheck Protection Program (PPP) loans, the U.S. Government Accountability Office (GAO) said in a scathing report issued Thursday (June 25). The study, which analyzed $2.6 trillion in...
Pandemic stimulus payments totaling almost $1.4 billion went to dead people as the Internal Revenue Service (IRS) and Treasury Department rushed to send out $269 billion in funds, according to a Thursday (June 25) U.S. Government Accountability Office (GAO) report. Get the Full Story Complete...
The nation’s economic numbers were a mixed bag Thursday (June 25) with a higher-than-expected 1.5 million Americans filing jobless claims while durable goods orders rose by nearly 16 percent in May. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
With coronavirus infection rates soaring in the Sunbelt, the governors of New York, Connecticut and New Jersey are teaming up to slap a 14-day quarantine on travelers from states where the deadly virus is spiking. Get the Full Story Complete the form to unlock this...
As the pandemic continues to disrupt everyday life the world over, rock concerts are becoming postponed to next year. Fans are receiving the option to use their tickets for the rescheduled dates or get a refund. Get the Full Story Complete the form to unlock...
