Economy

Economy
GOP Says Wait On More Bailout Money
May 14, 2020

The Republicans are in no hurry to do another COVID-19 bailout. 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 daily newsletter, PYMNTS Today. By completing...

Economy
Job Losses Mount As New Unemployment Claims Hit Nearly 3M
May 14, 2020

People are continuing to file for unemployment benefits as job losses continue to mount amid the coronavirus pandemic, which is upending the economy and everyday life. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Goldman: US Unemployment Rate Could Hit 25 Pct
May 14, 2020

Goldman Sachs’ forecast for the nation’s unemployment rate rose by 10 percent, as the bank now predicts at least a 25 percent unemployment rate due to the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Coronavirus Refunds: Washington Nationals Unveil Ticket Reimbursement Procedure
May 13, 2020

The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use. Sports teams are offering their fans the opportunity to ask for reimbursements — or credits to their accounts. Get...

Economy
Why This Recovery Will Not Be Brought To You By The Letter V
May 13, 2020

Never before in history have so many people looked to the alphabet to model the shape of their economic future. That the economy has taken a massive downturn is undeniable, as is the fact that at some point in the future (near or distant), the...

Economy
Fed’s Powell Expects Substantial Recovery Post-COVID
May 13, 2020

Federal Reserve Board Chairman Jerome Powell said that while Washington’s nearly $3 trillion economic response to the coronavirus is on target, it will likely not be the final chapter given the uncertainty around the pandemic. Get the Full Story Complete the form to unlock this...

Economy
Auto Suppliers’ Pain Spotlights Ripple Effects Of Trade Credit Gaps
May 13, 2020

The old saying goes that chains are only as strong as their weakest link. That applies, of course, to supply chains and to liquidity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
House Dems Propose $3 Trillion Relief Package
May 12, 2020

House Democrats unveiled a $3 trillion spending package for more coronavirus aid on Tuesday (May 12), including more money for individuals affected by the shutdown, according to CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
US Consumer Price Index Drops To 2008 Level In April
May 12, 2020

The Consumer Price Index (CPI) fell to its lowest level in a dozen years last month, according to the U.S. Bureau of Labor Statistics (BLS). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...