Economy

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...

Economy
SBA To Roll Out More COVID-19 SMB Aid Early Next Week
April 24, 2020

U.S. Senator Marco Rubio said the Small Business Administration (SBA) will make more financial assistance available early next week for small businesses impacted by COVID-19, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Trump Signs $484B Bill For More PPP Loans And Other COVID-19 Relief
April 24, 2020

President Donald Trump signed into law a $484 billion COVID-19 rescue bill Friday (April 24) that includes $310 billion in new money for the popular Small Business Association’s (SBA) Paycheck Protection Program (PPP), which exhausted its funding for forgivable loans to small businesses that keep workers on...

Economy
Homeowners Face Uncertainty Over Delayed Mortgage Payments
April 24, 2020

Homeowners who expected temporary financial relief from the COVID-19 pandemic may be in for a big surprise next year, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Balancing Business With Social Responsibility In The Midst Of COVID-19
April 24, 2020

Recurly Senior Vice President Danielle Gotkis told PYMNTS, “Balancing the need to do the right thing while keeping revenue streams alive is something that every subscription business is considering right now. Stay tuned.” Read Gotkis’ prescription for keeping subscription commerce healthy in Black Swan, a...