Economy

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...

Economy
USDA OKs Over $545M To Help Farmers Impacted By Pandemic
June 08, 2020

The USDA’s Farm Service Agency has approved over $545 million in payments for the Coronavirus Food Assistance Program (CFAP) to farmers and agriculture workers in need of financial aid due to the coronavirus, according to U.S. Secretary of Agriculture Sonny Perdue, as reported by the...

Economy
Economic Research Bureau Says US Is Officially In Recession
June 08, 2020

If there was any doubt that the U.S. is in a recession, the nation’s scorekeepers made it official on Monday (June 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
NY Fed Report Finds Economic Optimism Up In May
June 08, 2020

Americans are becoming slightly more optimistic about the economy after months of pessimism due to the coronavirus pandemic, The Wall Street Journal reported, although many families are hesitant about possible inflation forcing food and gas costs higher than before. Get the Full Story Complete the...

Economy
Coronavirus Refunds: United Airlines Reinstates Two-Hour Refund Policy
June 08, 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. Airlines are offering refunds for air travel in some cases. Get the Full Story Complete the form to unlock this article...