Economy

Economy
Facebook Nixes Large Gatherings, Events Through June 2021
April 17, 2020

Facebook Inc. has canceled gatherings of 50 or more people through June of 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...

Economy
Schumer: New COVID-19 Stimulus Could Come ‘Soon’
April 17, 2020

Sen. Charles Schumer (D-New York) says Democrats and the White House could “soon” agree on a new COVID-19 stimulus package, presumably including more loans for small and medium-sized businesses. Schumer, the Senate’s ranking Democrat, said both sides plan to work through the weekend to hammer out their...

Economy
COVID-19 Disrupts Leisure In US, But China Expects ‘Revenge Travel’ Boost
April 17, 2020

The coronavirus is impacting daily life throughout the world — and leisure activities are no exception. 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,...

Economy
Gilead COVID-19 Drug Being Trialed, But Consumers Want A Vaccine
April 17, 2020

Wall Street is rallying on news that Gilead Sciences’ experimental drug remdesivir shows good results treating COVID-19 patients, but most consumers tell PYMNTS that they won’t get back to normal life without a vaccine. Get the Full Story Complete the form to unlock this article...

Economy
Economists Say Global Recovery Could Take Longer Than Expected
April 17, 2020

For optimists who hoped the global economy would recover from the impact of the coronavirus pandemic within months, New York Federal Reserve Board President John Williams has delivered a wake-up call. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Supply Chains And Black Swans: Planning For A Global Crisis
April 17, 2020

To be ready for the unexpected, “One approach is to branch out into new markets. This hedges against the risk of losses if a single market or region is heavily impacted,” Payoneer CEO Scott Galit told PYMNTS. “And, as always, having supply chain redundancy is...

Economy
Ticketmaster Under Fire Over Refund Policy
April 17, 2020

As the COVID-19 pandemic forces cancellations and postponements of events amid lockdowns, Ticketmaster is being criticized over its refund policy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
Coronavirus Triggers First-Ever GDP Decline In China
April 17, 2020

China’s economy is going through its worst three-month period in decades and will record its first-ever GDP loss — 6.8 percent in the first quarter of 2020 compared to 2019, according to a statement from the National Bureau of Statistics of China.  Get the Full...

Economy
Data: 14 Pct Of US Workforce Now Without Jobs
April 16, 2020

Fourteen percent of American workers are now unemployed because of the coronavirus pandemic, according to new data from CNBC. 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...