Economy

Economy
SBA Says Large Firms ‘Unlikely’ To Get Next Round Of PPP
April 23, 2020

The Small Business Administration (SBA) has issued new rules it says will make it unlikely that publicly traded companies will receive money from the next round of coronavirus rescue funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Card Companies Cut Credit Lines As Customers Skip Payments
April 23, 2020

Hard times are hitting many people where it hurts – right in the credit cards they carry in their wallets or eWallets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Preparing For Unprecedented Times
April 23, 2020

“As credit unions help their members manage through the current COVID-19 crisis, it’s more important than ever for CUSOs like PSCU to partner with credit unions to help them and their members weather the storm of uncertainty,” PSCU EVP and Chief Operating Officer Tom Gandre...

Economy
Another 4.4M Americans File Unemployment Claims
April 23, 2020

The coronavirus pandemic continues to rock the country, as another 4.43 million Americans applied for unemployment benefits in the week ending April 18, the U.S. Labor Department reported on Thursday (April 23). That brings the total number of Americans who’ve filed for unemployment to about 26 million...

Economy
PPP Loans Could Trigger Treasury Investigation
April 23, 2020

Companies that received Paycheck Protection Program (PPP) loans could face investigations if they did not meet the criteria for coronavirus relief, U.S. Treasury Secretary Steven Mnuchin said on Wednesday (April 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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...