Economy

Economy
Coronavirus Refunds: MLB Might Give Your Money Back, But USC Won’t
April 29, 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. Here’s a roundup of the latest coronavirus-related refund news: Get the Full Story Complete the form to unlock this...

Economy
China Reopens But Consumer Spending Remains Weak
April 29, 2020

Factories reopen. Supply chains re-linked. Businesses operating — on site. 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 this form,...

Economy
Early Data For COVID-19 Drug Gets Mixed Reviews
April 29, 2020

Gilead Sciences Inc. raised the stakes on a treatment for COVID-19, the disease caused by the coronavirus. 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
Powell: Low Rates Stay Until Economy Is On ‘Road To Recovery’
April 29, 2020

Federal Reserve Chairman Jerome Powell said Wednesday (April 29) that the Fed will “not be in any hurry to withdraw [monetary stimulus] … until we’re quite confident that the economy is well on the road to recovery.” The chairman’s promise came in a virtual press...

Economy
Big Banks Temporarily Shut Out Of SBA’s PPP Loan Portal
April 29, 2020

For the first time since a small business loan program was launched, small lenders have been moved to the front of the line. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Study: Economic Damage Would Be Worse Without Lockdowns, Social Distancing
April 29, 2020

A new study reveals that government-imposed shutdowns and social distancing could cut the economic impact of COVID-19 in half. 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...

Economy
Mnuchin: All PPP Loan Recipients Will Face Audits
April 29, 2020

Businesses that borrow money through the federal Paycheck Protection Program (PPP) can expect to be audited before the loans are forgiven, Treasury Secretary Steven Mnuchin told The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Amid COVID-19 Disaster, Warren Buffett Talks Up US, World Progress
April 29, 2020

In a wide-ranging interview, world-renowned investor Warren Buffett weighed in on such topics as the coronavirus pandemic, the economic crisis it has created and the future of American capitalism. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
The Need To Adapt To Ride Out The Storm
April 29, 2020

“If payment execution itself is manual, firms can expect disruption. If third parties use manual labor to execute payments, there will be disruption,” Tipalti CEO and Co-founder Chen Amit told PYMNTS. “To the extent possible, it’s best to use fully automated systems that minimize manual...