Economy

Economy
Will ‘Zombie Companies’ Eat The US Economy?
June 16, 2020

You know the setup — the one that’s part of seemingly every horror movie ever made. Would-be victims use their wits to outrun hordes of moaning zombies, but a few folks always get caught and disappear in a grisly, lip-smacking, bone-crunching gore-fest. Will so-called “zombie...

Economy
Powell: US Faces Long-Term Damage As Downturn Persists
June 16, 2020

Federal Reserve Chair Jerome Powell said Tuesday (June 16) that the economy under the pandemic has continued to cause pain to American citizens despite the appearance of stabilization. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Coronavirus Refunds: St. Louis Cardinals To Offer Reimbursements For Impacted Busch Stadium Games
June 16, 2020

As the coronavirus pandemic continues to disrupt everyday life the world over, many consumers want refunds on things they paid for but aren’t able to use. Baseball fans, in one case, are able to get refunds for games affected by the health crisis. Get the...

Economy
Hilton To Cut 2,100 Employees Due To Pandemic
June 16, 2020

With the hospitality industry slammed by the COVID-19 crisis, Hilton Worldwide Holdings said it planned to cut about 22 percent of its corporate workforce globally, around 2,100 jobs, a press release said. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
SMBs Look For Lawsuit-Liability Protection As They Plan Reopening
June 16, 2020

Main Street shops and restaurants are preparing to reopen in the safest way they can conceive of — with things like masked staff, temperature checks, gloves and frequent sanitizing sessions. But small and medium-sized business (SMB) owners like Chris Purcell, owner of Firehouse Subs in Elizabeth...

Economy
Idaho Offers Cash Bonuses To Entice Wary Workers Back
June 16, 2020

Idaho is betting cash bonuses will be enough to lure workers back to their jobs amid coronavirus anxiety and untypically generous unemployment benefits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Personae Of The Great Reopening
June 16, 2020

Beginning March 23 and tracking more than 14,000 U.S. consumers to date to assess changes in attitudes and activities during the pandemic, PYMNTS’ latest installment in our Navigating The COVID-19 Pandemic series, The Great Reopening: Shifting Preferences, shows that more people want to head outdoors,...

Economy
Coronavirus Refunds: Kenny Chesney Fans Can Get Reimbursed For Delayed SoFi Concert
June 15, 2020

As the coronavirus pandemic continues to disrupt everyday life the world over, many consumers want refunds on things they paid for but aren’t able to use. Concertgoers are receiving the option to get refunds for tickets to postponed events. Get the Full Story Complete the...

Economy
Airlines Are Using Frequent-Flyer Programs As Collateral For Loans To Stay Alive
June 15, 2020

In times of crisis, we mortgage what we have to get to where we need to be. 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...