Economy

Economy
LinkedIn On Building The New Digital Corporate Commons
April 10, 2020

With a little over 675 million worldwide users, LinkedIn was a household name long before the coronavirus cut an incredibly wide trench through the global economy in general, and the world of working in particular. Get the Full Story Complete the form to unlock this...

Economy
JPMorgan: GDP Could Drop 40 Percent, Unemployment Could Reach 20 Percent
April 09, 2020

JPMorgan Chase has dimmed its view of the future yet again, now saying the nation’s gross domestic product (GDP) could sink by as much as 40 percent in the second quarter due to the coronavirus pandemic, according to CNBC. Get the Full Story Complete the...

Economy
Insurers Say Covid Claims Excluded From Biz Interruption Policies
April 09, 2020

In a letter to U.S. Reps. Gilbert Cisneros and Mike Thompson, both of California, representatives from insurance industry groups wrote that standard commercial insurance policies don’t provide coverage against a disease like COVID-19. Get the Full Story Complete the form to unlock this article and...

Economy
Restaurants Turn To Grocery And Meal Kits To Survive
April 09, 2020

While there are almost no areas of the economy that have not been affected by the COVID-19 epidemic, few have been harder hit than the restaurant industry, which has shut down entirely nearly overnight. A mere 22 days ago, 82 percent of Americans were eating in...

Economy
COVID-19 Looks Set To Raze Online Home Sales (And Agents’ Jobs)
April 09, 2020

The coronavirus pandemic is shaking any number of business verticals to their respective cores — upending transitions to the digital age and sending thousands of people to the ranks of the unemployed. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Nevada Facing Record Unemployment With Casinos Closed
April 09, 2020

With an economy heavily reliant on tourism, Nevada may have the largest number of unemployed workers due to the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Bar Owner Supports Staff By Removing $3K In Dollar Bills From The Walls
April 09, 2020

After officials had implemented stay-at-home mandates and restricted restaurants to eateries providing just takeout and delivery amid the COVID-19 pandemic, The Sand Bar in the Georgia resort destination of Tybee Island was forced to close. The owner of the business, however, spotted a way to...

Economy
Hollywood Studios Aim To Collect On Insurance Policies
April 09, 2020

Amid millions lost in box office receipts and production costs due to the coronavirus pandemic, Hollywood studios are now aiming to collect on their insurance policies. Allianz, in one case, notes it sees a rise in claims while studios have needed to put a stop...

Economy
White House To Form Second COVID-19 Task Force, On Economic Impact
April 09, 2020

President Donald Trump has more than 76 million Twitter followers, so the possibility he will tweet at any of them is slim. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...