As the pandemic continues to disrupt everyday life the world over, many consumers want refunds on things they paid for but aren’t able to use. And Michigan is asking insurance companies to provide reimbursements or waivers to auto insurance policyholders. Get the Full Story Complete...
Real gross domestic product (GDP) is projected to plummet 52.8 percent in the second quarter, according to the Federal Reserve Bank of Atlanta’s GDPNow as of Monday (June 1). The model, which offers a “nowcast” of the official estimate before its release, had forecast a 51.2...
As Marriott surfaces out of pandemic lockdowns, the company has reopened all of its hotels in China and has experienced a corporate travel recovery, the BBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As the number of worldwide deaths from the coronavirus nears 400,000, the crowdfunding platform OurCrowd has launched a $100 million Pandemic Innovation Fund. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Even as the federal government has paid out unemployment cash at an unprecedented level over the last three months, an estimated one-third of those laid off due to the pandemic’s economic meltdown have not gotten checks. Get the Full Story Complete the form to unlock...
There are some experiences that seem impossible in light of the social distancing rules emerging in the post-lockdown period. Yes, you can modify dining out and going to the movies, but it would seem that crowded concerts and dance clubs are likely out of the question until a...
Brian P. Brooks, Acting Comptroller of the Currency, said in a series of letters that some states’ long-term efforts to curb the coronavirus could lead to reduced real estate values and debt payments. Get the Full Story Complete the form to unlock this article and...
The final financial toll of the coronavirus will likely be a reduction of $7.9 trillion to the U.S. gross domestic product (GDP) until 2030, the Congressional Budget Office said Monday (June 1), according to CNBC. Get the Full Story Complete the form to unlock this...
Carhops and drive-in restaurants are classic parts of the American dining experience immortalized by George Lucas’s 1973 debut film “American Graffiti,” although the carhop was already a dying institution by the film hit the silver screen. But with COVID-19 and social-distancing rules slamming sit-down restaurants,...
