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...
As they lowered their 2021 growth outlook and forecast an unemployment rate at 10 percent at a minimum through the first quarter of that year, JPMorgan Chase & Co. economists reportedly see the country’s pandemic recovery occurring more sluggishly than thought in the past. Get...
The U.S. economy is starting its walk back toward recovery, with all 50 states having publicly issued plans to begin reopening businesses after some eight weeks of closures that have cost nearly 40 million jobs. But a political conflict is building in Washington as Democrats...
In what could be among the most devastating economic impacts of COVID-19 overseas, a survey revealed 75 percent of Dubai businesses said they expect to close within the next six months, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Raphael Bostic, president of the Atlanta Federal Reserve, called Georgia’s reopening rollout a “mixed bag” in which only parts of the state were eager to go back out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
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...
