Economy

Economy
Houzz: Home Remodeling Businesses Take Hit As Consumers Push Pause On Projects
April 23, 2020

At the start of 2020, things looked incredibly bright for the residential remodeling industry as a whole — unemployment was at 30-year lows, consumer confidence was at an all-time and bookings had healthy backlogs growing year-on-year. The year started with all the right elements in...

Economy
What Germany’s Soft Reopen Portends For The US Market
April 23, 2020

What if an economy had a grand(ish) reopening — and almost everyone decided to sit it out?  Such is the question German officials are facing this week as the government has begun its early experiments with re-opening, emerging from the era of enforced social distancing in...

Economy
Crashing Oil Prices and Travel’s Catch-22
April 23, 2020

You can’t get much cheaper than negative prices. 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 completing this form, you...

Economy
US Jobless Claims Expected To Rise Another 4.3 Million
April 22, 2020

An additional 4.3 million workers are likely to have filed unemployment claims in the past week, bringing the total coronavirus-related job losses to around 26 million, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Hard Rock CEO: Tourists Need To Come Back For Business To Recover
April 22, 2020

Hard Rock International is not expecting business to rebound before 2021. 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 completing...

Economy
Las Vegas Mayor Calls On Businesses To Reopen
April 22, 2020

Las Vegas Mayor Carolyn Goodman is calling on Sin City’s casinos and restaurants to reopen, but is declining to say how that can be done safely. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Coronavirus Refunds: Dead & Company Tickets To Be Refunded; UK Insurance Company Admiral To Give...
April 22, 2020

Dead & Company, which features three former Grateful Dead members and John Mayer, has called off its tour to allow its fans to get reimbursed, Syracuse.com reported. The band, as noted by the report, was set to perform this summer in Saratoga Springs, New York....

Economy
Trump Administration To Examine Limiting Coronavirus Liability With ‘Guardrail’
April 22, 2020

White House National Economic Council Director Larry Kudlow said in a televised interview that the Trump Administration will examine limiting business liability for the spread of the coronavirus and that “safeguards” as well as “reforms” would be key parts of those efforts. Kudlow described the...

Economy
IRS $1,200 Stimulus: Why Your Check Is Not In The Mail
April 22, 2020

If your $1,200 federal COVID-19 stimulus payment has been deposited into your bank account by the Internal Revenue Service (IRS), consider yourself one of the lucky ones. An IRS spokesman told PYMNTS that only about 80 million payouts – about half of the expected total...