Economy

Economy
Mnuchin: Relief Efforts Now Should Show Results In Summer
April 26, 2020

Treasury Secretary Steve Mnuchin remains in good spirits over the U.S.’s economic future as summer approaches, saying the financial aid efforts thus far should help things bounce back in the long run. Get the Full Story Complete the form to unlock this article and enjoy...

Debt
Banks Prep For Wave Of Skipped Credit Card Payments
April 26, 2020

Banks are bracing for fallout as more people struggle to make credit card payments due to lost paychecks amid the coronavirus pandemic, according to a report by The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
PPP Loan Program To Reopen Monday
April 24, 2020

The Small Business Administration (SBA) expects to start taking applications on Monday (April 27) for the second round of the $310 billion Paycheck Protection Program (PPP) after President Donald Trump signed the bill on Friday (April 24).  Get the Full Story Complete the form to...

Economy
The IRS Stimulus Check Is Finally In The Mail (For Some)
April 24, 2020

The Internal Revenue Service (IRS) said on Friday (April 24) that another eight million Americans have received their coronavirus stimulus payments over the past week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Coronavirus Refunds: Auto Insurers Give Back Premiums; UNH Refunds $27M+ To Students
April 24, 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 universities and auto insurers are offering. Get the Full Story Complete...

Economy
US Consumer Sentiment Index Drops To 71.8 In April
April 24, 2020

As individuals consider COVID-19 and the potential of the economy reopening again, American consumer sentiment dropped for the third consecutive month per University of Michigan data. The consumer sentiment index dropped to 71.8 in April compared to forecasted result of 67, CNBC reported. Get the...

Economy
Retailers Wary Of Opening As Some States Restart Economies
April 24, 2020

Many large retail chains are wary of reopening even while some states move toward starting their economies again following closures due to COVID-19. TGI Fridays Inc., Gap Inc. and Macy’s Inc. are some of the large national chains noting they will not partake in the...

Economy
Pence: Country Might Be ‘Largely Past’ COVID-19 By Early June
April 24, 2020

The COVID-19 outbreak in the United States could be finished before the Memorial Day holiday, Vice President Mike Pence said in a broadcast interview. Slightly below 50,000 Americans have died because of the coronavirus as of February, Bloomberg reported. Get the Full Story Complete the...

Economy
PayPal Temporarily Waives Check-Cashing Fees For Stimulus Checks
April 24, 2020

PayPal has temporarily suspended check-cashing fees for stimulus checks issued as part of the federal government’s coronavirus relief efforts. 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...