Mohamed El-Erian, the Allianz chief economic advisor and former Pimco chief executive, said in a televised report that the American economy could encounter a contraction of 10 percent or greater this year because of COVID-19, CNBC reported. “I think we may be at minus 10%...
We’re not out of the woods yet: That’s the message from Citi Private Bank’s David Bailin. 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...
The cash flow crunch may transform the restaurant industry permanently — and none for the better. 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...
Marijuana executives are feeling optimistic about the prospects of federal legalization after cannabis dispensaries were deemed essential during the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Reports indicate that Senate Democrats and Republicans are approaching an agreement that would add more than $400 billion into the Paycheck Protection Program (PPP) for struggling small and medium-sized businesses (SMBs). That comes after over a week of arguments between Democrats and Republicans as to...
“While it may feel counterintuitive to look backward in order to move forward in the face of significant economic events,” Payrix Chief Risk and Compliance Officer Billi Jo Wright told PYMNTS, “applying the proper data mining, data analytics tools and action plans to your business’...
As the world economy stumbles toward a COVID-19 recession, the U.K. has added tech startups to the economic sectors deserving aid in an uncertain time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
For weeks now, American consumers and businesses – everyone everywhere, really – have been desperate for the answers to three questions: Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
A Nevada CEO is gunning for the state to reopen in May, a bold undertaking he justifies by pointing to the crippling effect the virus is having on the state’s economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
