Economy

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...

Economy
IRS Has Rocky Start With Stimulus Funds As Money Misrouted
April 16, 2020

From error messages on the Get My Payment tool to misrouted funds and checks sent to dead people, the IRS is having a tough time getting coronavirus stimulus money into the hands of those who need it most. Get the Full Story Complete the form...

Economy
More ‘No-Touch Payments’ For B2B
April 16, 2020

“We anticipate that the COVID-19 crisis may be the catalyst for ending manual check printing and mailing in B2B payments,” Neal Anderson, president and CEO of OnPay Solutions, told PYMNTS. “Migrating to no-touch electronic payments is imperative, and moving to an online, automated system can...

Economy
Another 5.2M Americans File Jobless Claims
April 16, 2020

COVID-19 continues to jolt the nation’s economy as another 5,245,000 Americans applied for jobless benefits in the week ending April 11, the U.S. Labor Department reported on Thursday (April 16). That brings the total to more than 20 million in just weeks — a record. Get...

Economy
Who Will Decide When Consumers Get Back To ‘Normal’
April 16, 2020

When is the coronavirus pandemic going to be over? 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,...