Economy

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...

Economy
Mnuchin: US Must Spend To Save Economy Amid COVID-19
April 22, 2020

U.S. Treasury Secretary Steven Mnuchin said while he is sensitive to concerns over increasing federal debt, it’s essential to spend money to rescue the economy as the fight against COVID-19 continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
House Expected To OK $300 Billion+ In Fresh PPP Loan Money on Thursday
April 22, 2020

The House is anticipated to pass a $484 billion coronavirus economic relief bill on Thursday (April 23), which was approved by the Senate on Tuesday (April 21) following a two-week stalemate. The new funding to the Coronavirus Aid, Relief, and Economic Security (CARES) Act will include...

Economy
China’s Alibaba, JD Start Booking Services For Coronavirus Testing
April 22, 2020

The U.S. government, after its initial attempt, has still not rolled out a national testing program for the coronavirus. Nonetheless, two Chinese eCommerce giants are staking out turf in COVID-19 testing as the pressure builds to test more people and get the world economy on...

Economy
Musings From The Epicenter: The World Is Going Point To Point
April 22, 2020

“Looking back on the impact of past crises, my belief is that a black swan is an accelerator of trends, rather than a game-changer or reverser,” PingPong President and Chief Business Officer Ning Wang told PYMNTS. Read his unique perspective on how adoption of real-time...