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...
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...
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...
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...
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...
The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things that they paid for but aren’t able to use. Here’s a roundup of some coronavirus-related refunds that vendors are offering — or consumers are demanding. Get the...
The president and CEO of the Federal Reserve Bank of St. Louis said while the coronavirus pandemic has crippled the economy, it could quickly rebound if everyone gets tested for the virus. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The International Monetary Fund (IMF) cautioned that COVID-19 has made “cracks” in the worldwide financial system known and “will likely” have financial institutions encounter market and credit losses that will put their reserves to the test. The organization warned that the possibility of a sustained...
Despite increased demand for its soap brands, Unilever’s CEO said the U.K. consumer products firm is not benefiting from the coronavirus crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
