Economy

Economy
Coronavirus Refunds: LSU Plans To Reimburse Almost $5.2M To Students
June 18, 2020

As the pandemic continues to disrupt everyday life the world over, educational institutions are providing refunds. Students at Louisiana State University (LSU), in one case, are set to receive reimbursements for some charges. Get the Full Story Complete the form to unlock this article and...

Economy
Restaurants, Lawmakers Seek $120B Aid Package
June 18, 2020

The Independent Restaurant Coalition (IRC) has proposed a $120 billion relief package to prevent further closures and job losses due to COVID-19. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Markets
Robinhood Faces Another Service Interruption Due To Technical Issue
June 18, 2020

In the latest of a string of outages as of the beginning of March, Robinhood Markets Inc. said it has fixed a challenge that led to a “major outage” on its platform Thursday (June 18). The financial technology company is regarded for helping to make trading...

Economy
US Jobless Claims Down, But Still Above 1.5M 
June 18, 2020

Unemployment claims fell slightly to 1.5 million last week, the 11th consecutive week the jobless numbers have declined, but higher than economists expected, according to new data from the U.S. Department of Labor released Thursday (June 18). Get the Full Story Complete the form to...

Economy
US To Insurers: Coronavirus Vaccine Should Not Require Copay
June 17, 2020

U.S. officials don’t want people to have to pay health insurance copays when a coronavirus vaccine eventually becomes available, they said on Tuesday (June 16), the Associated Press reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Powell Urges Congress Not To Pull Back On Stimulus Efforts
June 17, 2020

As lawmakers battle over another stimulus package, Federal Reserve Board Chairman Jerome Powell told Congress a recovery would be at risk if federal relief is withdrawn from Americans and the nation’s small businesses. Get the Full Story Complete the form to unlock this article and...

Economy
Coronavirus Refunds: Norwegian Cruise Line Travelers To Receive Credits, Reimbursements
June 17, 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. Cruise lines are offering credits for voyages in some instances. Get the Full Story Complete the form to unlock this article...

Economy
Pandemic Relief Oversight Bodies Not Yet Fully Functional
June 17, 2020

Three U.S. pandemic relief oversight boards haven’t completely started their work, even though the country has spent over 50 percent of economic rescue funds Congress ratified. A congressional panel doesn’t have a chairman or personnel, a special inspector general only recently took office and President Donald...

Economy
Home Construction Rebounds In May, But Trouble Lingers
June 17, 2020

For the first time since U.S. home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to the U.S. Census Bureau and the Department of Housing and Urban Development. Get the Full Story Complete the form to...