New York Federal Reserve Bank President John Williams said economic data is likely to be worse as the impact of COVID-19 becomes clearer, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Uber said it has so far spent $19 million assisting almost 50,000 drivers and food delivery couriers who came down with the coronavirus or were forced to self-quarantine. In addition, some 450,000 workers received personal protection equipment (PPE). Get the Full Story Complete the form...
The late, somewhat eccentric economist Howard Ruff famously said, “It wasn’t raining when Noah built the ark.” It’s a meditation on fiscal preparedness. As it relates to the COVID-19 pandemic, there wasn’t even time for Ruff’s maxim to apply. Just chaos and aftermath. Get the...
The number of workers who filed jobless claims fell slightly again last week, but the coronavirus crisis has put 38.6 million Americans on unemployment insurance since the pandemic struck in March, according to the latest data from the Department of Labor (DOL). Get the Full...
Congressional Republican leaders say they will study the impact of the $2.2 trillion CARES Act before giving the green light to any new COVID-19 stimulus spending, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Coca-Cola CEO James Quincey said he is not anticipating a fast economic rebound now that the world is reopening for business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
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. Rock bands are offering reimbursements for concerts. Get the Full Story Complete the form to unlock this article and enjoy...
Casinos in Mississippi and Louisiana are reopening this week, and visitors are traveling long distances and waiting in lines to enter the facilities, according to a report from The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy...
In a joint appearance before the Senate Banking Committee, Federal Reserve Board Chairman Jerome Powell and Treasury Secretary Steven Mnuchin praised the $2 trillion CARES Act Tuesday (May 19) saying the swift, bipartisan measure is providing much-needed credit to taxpayers, businesses, states and municipalities. Get...
