Economy

Economy
Coronavirus Refunds: Cunard To Provide Credits To Travelers On Canceled Voyages
June 10, 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 sailings in some instances. Get the Full Story Complete the form to unlock this article...

Economy
Neither U.S. Consumers Nor Epidemiologists Expect To Get Back To Normal Any Time Soon
June 09, 2020

An awful lot of time has been spent studying how the average consumer will react to the U.S. economy’s “grand reopening.” How do they feel about getting back out there? Are there activities they’ll miss? What will they avoid? Get the Full Story Complete the...

Economy
AMC Plans Global Reopening For July
June 09, 2020

AMC Entertainment, the U.S. theater chain, reported a decline in earnings for the first quarter ending March 31, with a $941.5 million drop in revenue. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
US Hiring Hit Rock Bottom In April As Coronavirus Downturn Deepened, JOLTS Report Shows
June 09, 2020

New hiring fell to an all-time low in April as coronavirus lockdowns took a steep toll on economic activity across the United States, according to newly released Department of Labor stats. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
NFIB: Small-Business Optimism Swells, But Challenges Remain
June 09, 2020

Small-business owners across the United States are feeling more upbeat about the state of the economy as a growing number expect the downturn to be “short-lived,” the National Federation of Independent Business (NFIB) reports. Get the Full Story Complete the form to unlock this article...

Economy
Coronavirus Refunds: Disney Cruise Line To Offer Reimbursements, Credits For Suspended Sailings
June 09, 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. Cruise lines are offering refunds for travel in some cases. Get the Full Story Complete the form to unlock this article...

Markets
Lemonade, Vroom And Shift4 Payments IPOs Show Wall Street Is Embracing The Digital Leap
June 09, 2020

It would have been inconceivable just a few weeks ago to think that U.S. stocks would rebound the way they have, with the S&P 500 up more than 40 percent as of this writing since its March 23 closing low. Likewise, you wouldn’t think tech upstarts...

Economy
Tough Times in Consumer Credit Could Push Some Americans to Nontraditional Lenders
June 08, 2020

April wasn’t a good month for consumer-credit use. According to the latest Federal Reserve data, U.S. consumer borrowing dropped 19.6 percent — its fastest decline since 1943. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Federal Reserve Expands Main Street Lending Program For SMBs
June 08, 2020

Answering the call to provide more help for small- and medium- sized businesses (SMBs), the Federal Reserve Board has made adjustments to its Main Street Lending Program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...