Economy

Economy
Coronavirus Refunds: Golden Knights To Reimburse Fans
May 29, 2020

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. For example, sports teams are offering fans reimbursements for games that won’t be played amid the pandemic. Get the Full...

Economy
United Airlines Announces Executive Staff Cuts
May 29, 2020

The “friendly skies” of United Airlines are not so friendly for employees facing layoffs as the pandemic has devastated the airline industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Chicago Purchasing Managers Index Tumbles To 38-Year Low
May 29, 2020

The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982 as the COVID-19 pandemic slammed business confidence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Mitch McConnell: ‘Final’ COVID-19 Relief Bill Coming In A Month
May 29, 2020

Senate Majority Leader Mitch McConnell said Congress will decide whether to pass another COVID-19 relief package soon. 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...

Economy
Survey: Despite Pandemic, 1 In 4 Americans Say Their Wallets Are Fatter
May 29, 2020

While the number of laid-off workers who filed for jobless benefits exceeded 40 million last week, 1 in 10 Americans say COVID-19 has boosted their budget, according to a new survey. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Democrats Skeptical Of Second Round Of Stimulus Checks
May 29, 2020

House Democrats who had hoped to provide Americans with a second $1,200 stimulus check are facing opposition from members of their own party in the Senate, The Hill reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
U.S. Savings Rate Hits Record-High 33 Pct, But Spending Falls A Record 13.6 Pct
May 29, 2020

The consumer savings rate hit a historic 33 percent in April, as Americans hunkered down amid COVID-19, the U.S. Bureau of Economic Analysis (BEA) announced Friday (May 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
SMBs And Customers Wrestle With The COVID (But Not Covert) Surcharge
May 29, 2020

To help save at least some top line, to perhaps even help margins a bit — enter the COVID-19 surcharge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
Kudlow: Gov’t Eyes Cash Bonuses To Get People Back To Work
May 28, 2020

Larry Kudlow, director of the U.S. National Economic Council, said he thinks the idea of cash incentives for people going back to work could be in the cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...