U.S. gross domestic product (GDP) dropped 4.8 percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the economy, the Bureau of Economic Analysis reported on Wednesday (April 29). Get the Full Story Complete the form to unlock this...
British Airways is set to cut around 30 percent of its workforce consisting of 42,000 people, the airline said, as the coronavirus continues to make air travel an unsustainable industry for the time being. Get the Full Story Complete the form to unlock this article...
The Commerce Department is expected to issue a report on Wednesday (April 29) with estimates of a minimum decrease of 5 percent in the gross domestic product (GDP) in the January-March quarter, according to a report in the Associated Press (AP) on Tuesday (April 28)....
TripAdvisor is further cutting staff after already doing so earlier this year, with the coronavirus’s crippling blow crushing the travel business, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
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 some efforts by consumers to receive refunds from universities and events — along with an...
With the ongoing coronavirus pandemic still keeping people at home, Uber could be in dire straits, facing potentially laying off 20 percent of its workforce, according to Axios. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The $600 a week in extra COVID-19 unemployment benefits that many laid-off U.S. workers have been expecting are showing up unevenly. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
French Prime Minister Edouard Philippe said that nonessential merchants could open again beginning May 11, but they will be able to require that customers wear masks, Reuters reported. Philippe also said per the report that limitations would remain for train travel of long distances and that Paris...
Starting last week, the COVID-19 stimulus funds began hitting the bank accounts of citizens nationwide. All in, the $290 billion program – part of the $ 2 trillion CARES Act that was passed earlier this month – will send $1,200 per adult and $500 per child...
