Economy

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...

Economy
Coronavirus Refunds: Knicks Provide Refund, Rollover Options To Fans
May 12, 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. Get the Full Story Complete the form...

Economy
NY, Mass Plan Phased Reopenings As Robots, Recommerce Show Promise
May 12, 2020

As they gear up to restart their economies amid the pandemic, states from New York to Massachusetts are planning phased reopenings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Colleges See Decline In Financial Aid Applications
May 12, 2020

Colleges are already grappling with empty campuses, the challenges of online learning and concerns about enrollment for the fall semester. Next up: Applications for federal aid from high-school seniors are dropping. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Baidu Offers High-Tech Route To Fighting Virus, Restarting Economy
May 12, 2020

California-based Baidu Research is leveraging its technology to work on a COVID-19 vaccine, widely regarded as the linchpin to returning the world economy to a normal state. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...