Economy

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....

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...