Economy

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...

Economy
Consumers Shift Spend To Digital, But Buy Less
April 13, 2020

Stores are shut down, restaurants are restricted to carryout and delivery only, professional sports are on hold, most flights are grounded and the fate of summer vacation in 2020 remains a coin toss. In short, the world of mid-April 2020 in the United States looks...

Economy
Brazil Plans Small Business Coronavirus Bailout
April 13, 2020

Help is on the way to small businesses in Brazil, as the country plans to launch a $1.9 billion program to support micro businesses hit by the coronavirus pandemic, according to a Reuters report. Get the Full Story Complete the form to unlock this article...

Economy
Movie Industry Facing Lowest Numbers In Over 20 Years Amid COVID-19
April 13, 2020

The box office is looking at its worst year since 1998 and is anticipated to make 40 percent less than 2019 due to the coronavirus pandemic, according to a report from CNBC Monday (April 13). Get the Full Story Complete the form to unlock this...

Economy
Coronavirus Refunds: Calif. Mandates Insurance Rebates; Wharton Students Want Money Back
April 13, 2020

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...