Economy

Economy
US Household Net Worth Drops Record 6.5 Pct In Q1
June 14, 2020

Stimulus payments to taxpayers totaling $267 billion was not enough to avoid a decline in household net worth in the first quarter on 2020, the largest drop since records began being kept in the 1950s, The Wall Street Journal (WSJ) reported. Get the Full Story...

Consumer Optimism Up; Coronavirus Fears Persist
June 12, 2020

A surprising improvement in the jobs market and states reopening for business are combining to lift the spirits of U.S. consumers, according to data from a University of Michigan consumer survey released Friday (June 12). Get the Full Story Complete the form to unlock this...

Economy
Coronavirus Refunds: Air France, KLM Refine Cancellation Procedure
June 12, 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. Airlines, in one case, are letting flyers request vouchers or refunds for flights that have been canceled. Get the...

Economy
US Consumers And Investors Want A Return To Normal, But Will A Second COVID-19 Wave...
June 12, 2020

U.S. restaurants and retailers are starting to reopen as authorities lift COVID-19 restrictions and consumers contemplate returning to life as usual, or at least life adjusted for a post-pandemic world of things like people wearing face masks in public. But worries about getting to year’s...

Wall Street Fears Rise As Coronavirus Resurges
June 12, 2020

As the nation reopens in phases, Wall Street’s “fear gauge” surged Thursday (June 11) as fears of a second economic shutdown in the face of more coronavirus outbreaks fueled market anxiety, Reuters reported. Get the Full Story Complete the form to unlock this article and...

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....