Economy

Economy
Ghost Kitchens Take Over Shuttered US Eateries
April 15, 2020

With the COVID-19 pandemic impacting the restaurant business, other companies are coming up with plans to breathe new life into unused kitchens. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Accenture, Verizon Effort Seeks To Connect Jobless Workers, Hiring Companies
April 15, 2020

The number of layoffs in the U.S. has skyrocketed as the COVID-19 crisis ravages the economy. At the same time, other companies, such as online retailer Amazon, have been hiring at a brisk pace. Get the Full Story Complete the form to unlock this article...

Economy
IRS Launches ‘Get My Payment’ Site To Track COVID-19 Stimulus Payments
April 15, 2020

No need to wonder whether your stimulus check is on its way. 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
Agility, Adaptability Are Greatest Strengths Amid Crisis
April 15, 2020

“Think of something unthinkable, and then make sure you have a plan for it,” NuoDB CTO Ariff Kassam recently told PYMNTS. “For example, what would happen if Amazon failed and went out of business in a matter of weeks? How would that impact your company?...

Economy
St. Louis Fed Pushes For Mass Testing Over Quarantine
April 15, 2020

James Bullard, president of the St. Louis Federal Reserve, estimated that the quarantine is costing the U.S. economy $25 billion each day and while the lockdown was “initially” necessary, it’s not efficient.  Get the Full Story Complete the form to unlock this article and enjoy...

Economy
COVID-19 Update: Austria Allows SMBs To Reopen; Harvard Implements Spending Freeze
April 14, 2020

Austria is letting shops open again as it relaxes its coronavirus lockdown, while universities in the U.S. are taking measures to combat the economic impacts of the virus. Here are the latest updates on COVID-19. Get the Full Story Complete the form to unlock this...

Economy
Fed Officials Explore Ways To Reopen US
April 14, 2020

U.S. Federal Reserve officials are facing a two pronged problem, Reuters reported: How do they reopen the economy while also making sure the coronavirus doesn’t have a second spike in infections later in the year? Get the Full Story Complete the form to unlock this...

Economy
JPMorgan CEO: US Workers May Head Back To Jobs In June
April 14, 2020

JPMorgan Chase CEO Jamie Dimon said he doesn’t think the world is ready to start bringing workers back into their offices until June at the earliest, according to a CNBC report. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Goldman Sachs: US Unemployment To Hit 15 Pct; GDP May Drop 34 Pct In Quarter
April 14, 2020

Goldman Sachs‘ new prediction is that the economic fallout from the coronavirus pandemic will end up four times worse than the recession from 2008-09, but the recovery will be swift, according to a CNBC report. Get the Full Story Complete the form to unlock this...