Economy

Economy
US Debt Swells In Battle Against COVID-19 — And Bumps Lie Ahead
June 12, 2020

In girding for battle, it’s critical to stock up on supplies, on weapons. 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....

Economy
Coronavirus Refunds: Coachella To Offer Reimbursements, Rollovers For Passholders
June 11, 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. Music festivals, in one case, are offering attendees the option to request refunds or use this year’s passes for...

Economy
Latest Economic Stimulus Package On Hold
June 11, 2020

The latest coronavirus stimulus package will have to wait until late next month, when Congress returns from recess, sources told CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Buffeted By Massive Losses, Airlines Look To Tourism For Lift
June 11, 2020

Could early signs of a revival in tourism rescue the battered airline industry? 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....

Economy
Mnuchin: Federal Help Could Be Coming For Looted Stores
June 11, 2020

U.S. Treasury Secretary Steven Mnuchin said the administration is considering reimbursing businesses whose storefronts were damaged in the recent rioting over the death of George Floyd at the hands of Minneapolis police.  Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Another 1.5M Americans File For Unemployment As Pandemic’s Job Losses Top 44M
June 11, 2020

Another 1.5 million Americans applied for unemployment benefits over the past week, bringing the total jobs lost since the pandemic began to more than 44 million — or some 28 percent of the nation’s workforce. Get the Full Story Complete the form to unlock this article and...

Economy
NEW DATA: The Four Shopper Personas Driving The Digital Shift
June 11, 2020

It has been 11 weeks since California became the first U.S. state to declare a state-wide lockdown to slow the spread of COVID-19. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Mnuchin: PPP Kept ‘Tens Of Millions’ Employed
June 10, 2020

The Paycheck Protection Program (PPP) has supported over three-quarters of the small- to medium-sized business (SMB) payroll in 50 states, Treasury Secretary Steven Mnuchin said in a Wednesday (June 10) hearing. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Fed Expects 6.5 Pct Drop In GDP This Year
June 10, 2020

The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released economic projections for the next few years, showing that the gross domestic product (GDP) could contract by 6.5 percent this year, but predicting recovery in the next several years. Get the Full...