Economy

Economy
Coronavirus Refunds: Carnival Cruise Lines Lengthens North America Pause
June 22, 2020

As the coronavirus pandemic continues to disrupt everyday life the world over, many consumers want compensation for things they paid for but aren’t able to use. In some cases, cruise lines are offering credits or refunds for voyages. Get the Full Story Complete the form to unlock...

Economy
Consumers Add Masks, Virus Tests To Social Gatherings
June 22, 2020

As U.S. governors ease the restrictions imposed by the coronavirus pandemic, Jay Prasad and his roommate, Dennis Yun, recently hosted a Memorial Day barbecue in their Los Angeles backyard, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
The Negative Trickle Down Effect of COVID’s (Wealthy) Consumer Spending Pause
June 22, 2020

Call it the trickle down theory – in reverse. 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 daily newsletter, PYMNTS Today. By completing this form,...

Economy
UK Financial Regulator Proposes Extended Grace Period Amid COVID-19
June 19, 2020

A top British financial services regulator Friday proposed new regulations that could help borrowers bracing for the end of consumer protections implemented as COVID-19 bore down on the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Coronavirus Refunds: Billy Joel Ticketholders Get Reimbursement Option For Boston Concert
June 19, 2020

As the coronavirus pandemic continues to disrupt everyday life the world over, many consumers want compensation for things they paid for but aren’t able to use. Concertgoers are offering refund options in some cases. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Boston Fed President: Reopening Must Protect Health To Be Positive News
June 19, 2020

More people going back to work is only positive news if it can be done safely and in the long term, Boston Fed President Eric Rosengren indicated in remarks to the Greater Providence Chamber of Commerce on Friday (June 19). However, he acknowledged that U.S....

Economy
Travel Industry Makes Early Attempts To Get On The Road (And In The Air) Again
June 19, 2020

Consumers want to get out. PYMNTS’ recent consumer studies point to that fact, as almost half of Americans we surveyed (48.9 percent) report being bored shut in their homes, 50 percent want to travel domestically and 19.9 percent hope to resume international travel. The travel and tourism industry...

Economy
AMC Plans To Reopen Cinemas With Social Distancing, Safety Protocols
June 19, 2020

As it launches a health and sanitization initiative, AMC will restart operations at roughly 450 cinemas in the United States on July 15 and a further roughly 150 cinemas in time for the release of “TENET” and “Mulan.” The company is also rolling out its...

Prediction: A Surge Of Bankruptcies Is Coming
June 19, 2020

Edward Altman has bad news for the nation’s publicly-traded businesses struggling to stay solvent since COVID-19 struck three months ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....