Economy

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...

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...