Economy

Economy
Starbucks Looks To Partially Reopen US Locations May 4
April 16, 2020

Starbucks is planning to move into the “monitor and adapt” stage of the coronavirus pandemic and open some of its stores starting May 4 with new restrictions, according to Chain Store Age (CSA). Get the Full Story Complete the form to unlock this article and...

Economy
Looking Back — And Ahead At What’s Next — As PPP Runs Dry
April 16, 2020

And just like that: No more. Not now. For the time being, anyway. 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...

Economy
France’s Macron Pushes Financial Unity During Pandemic
April 16, 2020

French president Emmanuel Macron has warned that the European Union (EU) is likely to fail in its goals as a “political project” if the group doesn’t work together in supporting economies hit particularly hard by the pandemic. Get the Full Story Complete the form to...

Economy
Coronavirus: Country Financial Unveils Premium Refunds; University Of Tennessee, Knoxville Students To Get $15M+ In...
April 16, 2020

The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use. Here’s a roundup of some coronavirus-related refunds that companies and universities are offering. Get the Full Story Complete the...

Economy
Fed Renews Pledge To Back PPP Loans
April 16, 2020

The Federal Reserve Board reassured lenders on Thursday (April 16) that its loan guarantee program to small businesses is alive and well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Bezos: Global Testing Needed To Combat COVID-19
April 16, 2020

Jeff Bezos is the latest high-profile executive to say that universal testing for the coronavirus is key to jump-starting the economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Sweden’s Outlier Response To COVID-19, And Its Results So Far
April 16, 2020

While most of the world has gone into some version enforced social distancing and quarantine mode with the rise of COVID-19 — closing schools, banning public gatherings, shutting down all non-essential businesses like restaurants and shops and requiring that anyone who can work from home...

Economy
Uber Eats Sees 59 Pct Spike In European Grocery Delivery
April 16, 2020

As much of Europe remains on lockdown due to the coronavirus pandemic, Uber Eats experienced a 59 percent spike in grocery delivery orders in March compared with February, helping it offset the losses caused by closed restaurants. Get the Full Story Complete the form to...

Economy
Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
April 16, 2020

Against a backdrop where Labor Department data showed 5.2 million additional Americans filed for unemployment, it may make sense that banks’ outlooks for the future of their loan portfolios are, to put it gently, cautious. Get the Full Story Complete the form to unlock this...