Economy

Economy
Coronavirus Refunds: Live Nation Revises Refund Policy; Emirates Boosts Reimbursement Capacity
April 27, 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 some coronavirus-related refunds that the concert and airline industries are offering:  Get the Full Story...

Economy
Airbnb To Launch COVID-19 Safety Program For Rentals
April 27, 2020

The COVID-19 pandemic has spurred Airbnb to come up with new rules and recommendations for its rentals. These include suggested cleaning standards and requiring that rentals stay vacant for 24 hours between customers. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Debt Traps – And Bankruptcies – May Spread As A Coronavirus Side Effect
April 27, 2020

There’s nowhere to hide from the crippling economic effects of 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 daily newsletter, PYMNTS Today. By...

Economy
Hospitals Pay Price As COVID-19 Keeps Patients Away
April 27, 2020

The COVID-19 crisis isn’t just hitting the medical profession hard, it’s pummeling the industry on multiple fronts at once. There are the genuine health risks to frontline workers, the endemic shortage of personal protection equipment, concerns that patients will overwhelm the system and a mounting economic...

Economy
Building Resilience For Financial Institutions
April 27, 2020

“The way forward is to assume that failure for critical infrastructure will happen in an unforeseen way, and to start building those assumptions in the overall system design,” Red Hat Chief Technologist for FSI, APAC, Vincent Caldeira told PYMNTS. Find out how Caldeira builds for...

Economy
COVID-19 Report VI: America Stirs As Pandemic Weakens
April 27, 2020

When PYMNTS began conducting a series of national polls on March 6 to try to predict the path of a pandemic, the crisis was approaching full-tilt panic. In the intervening weeks, we’ve gathered valuable insights from over 8,000 Americans, including their sentiments on restoring normalcy...

Economy
Hospitals Face Financial Hardship As COVID-19 Continues To Surge
April 27, 2020

Hospitals on the front lines of treating the coronavirus pandemic are projecting staggering losses, some as high as $50 billion a month, according to an NPR report on Thursday (April 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Why Reopening The US Economy Should Be About Reinventing It
April 27, 2020

Never has one letter of the alphabet been such a hot topic of conversation. 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...

Economy
WH Economic Adviser Hassett Expects US Jobless Rate To Climb To 16 Pct
April 26, 2020

The U.S. economy could face a historic shock amid the coronavirus pandemic, with a possible 16 percent unemployment rate, hitting levels aligned with the Great Depression from 1929 to 1939, according to a CNBC report. Get the Full Story Complete the form to unlock this...