Economy

Economy
Main Street USA: 58 Percent Of Main Street SMB Retailers Say They May Not Survive...
April 16, 2020

The Paycheck Protection Program (PPP) began accepting applications on April 3. Lawmakers and business leaders alike have high hopes for the program, believing it will help provide the funds small- to medium-sized businesses (SMBs) need to keep their operations running and their staff employed for...

Economy
CVS Teams With Companies To Hire 50,000 Displaced Workers
April 15, 2020

CVS is making strides to help re-employ the huge chunks of U.S. workers left jobless as the coronavirus shut everything down, and it intends to fill 50,000 positions by using the industries hit the hardest by layoffs, according to The Wall Street Journal. Get the...

Economy
EU Cautions Members To Lift Lockdowns Gradually
April 15, 2020

The European Union’s advice for countries looking to reopen as the coronavirus seems to be slowing is to do so in a controlled, cautious manner, with an eye toward closing things again if the virus flares back up, CNBC reported. Get the Full Story Complete...

Economy
McDonald’s, Franchisees At Odds Over Deferred Fees, Worker Protection
April 15, 2020

McDonald’s Corp. put a kibosh on a request by its more than 1,600 franchisees which own and operate nearly all of the chain’s 14,000 U.S. restaurants, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
India’s Exports Drop 34.6 Pct In March From Lack Of Demand
April 15, 2020

One day after India’s Prime Minister Narendra Modi extended the nationwide lockdown to May 3 due to the coronavirus pandemic, the country’s Commerce & Industry Department reported in a press release that merchandise exports fell by a record 34.6 percent in March while imports declined...

Economy
Airlines And Restaurants Grapple With The Capacity And Cash Burn Challenges
April 15, 2020

The coronavirus has challenged any number of businesses on several levels – and among the most challenged verticals have been the restaurant and airline segments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Coronavirus Refunds: AAA Texas Unveils $125M In Premium Refunds; San Diego State To Provide Over...
April 15, 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 automobile associations and universities are offering. Get the Full Story Complete...

Economy
Bank Sites Deluged With Stimulus Payment Status Checks
April 15, 2020

Some U.S. banks are experiencing website issues Wednesday (April 15) as customers log on to see if their stimulus payment has been deposited. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Germany To Reopen Some Shops, Schools Next Week
April 15, 2020

Germany is planning to allow some shops to reopen next week in the wake of the coronavirus pandemic, according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...