Economy

Economy
Navigating COVID-19 IV: Paycheck-to-Paycheck Life Gets More Dire By The Day
April 14, 2020

Within a month of the announcement that COVID-19 was an official pandemic, the global economy – and America’s in particular – were already on the ropes, awaiting both relief money and a treatment breakthrough that promise to stabilize both human and business health. Get the...

Economy
Street Cred: How One Spa Entrepreneur Is Navigating The COVID-19 Crisis
April 14, 2020

It’s hard to find a retail resume that’s more impressive than Joyce Hampers’. 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....

Economy
Groupon Cuts 44 Pct Of Workforce
April 13, 2020

As the coronavirus pandemic continues, Groupon plans to lay off or furlough around 2,800 employees, according to a filing with the U.S. Securities and Exchange Commission on Monday (April 13), the Chicago Tribune reported. Get the Full Story Complete the form to unlock this article and...

Economy
Companies Buy Time To Pay On Imports By Using Slower Shipping
April 13, 2020

In any other economy, companies that order products overseas want fast shipment. Not anymore, according to the Financial Times (FT). 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
US Hospitals Seek Over $1B In Credit From Banks To Stay Afloat
April 13, 2020

Hospitals across the U.S. have been busy sending banks requests for new lines of credit as they face thin revenue streams from having to eliminate all but the most essential services for the coronavirus outbreak, according to a Bloomberg report. Get the Full Story Complete...

Economy
10 States Plan For Restart Of US Economy
April 13, 2020

As the death toll from COVID-19 topped 23,000 in the U.S. on Monday, some states are planning to reopen, according to New York Gov. Andrew Cuomo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
US Chamber Warns Of Virus Lawsuits In Businesses Reopening
April 13, 2020

The U.S. Chamber of Commerce is looking forward to a time when the country’s businesses can reopen, but the organization worries that once that happens, lawsuits could arise against businesses for exposing customers to the coronavirus, according to a letter it posted online. Get the Full Story...

Economy
Cooperman Supports COVID-19 Stimulus Bailouts
April 13, 2020

Wall Street legend Leon Cooperman, who helped Goldman Sachs grow and later founded a successful hedge fund, said Congress must do whatever it takes to shield businesses from the impact of COVID-19. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Square To Distribute SBA’s PPP Loans
April 13, 2020

Square Capital announced Monday (April 13) it’s the latest FinTech to participate in the federal Paycheck Protection Program (PPP). 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...