U.S. Treasury Secretary Steven Mnuchin, reflecting the president’s optimism, said it’s possible the nation could reopen next month. 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...
As the coronavirus has severely disrupted local businesses that need to stop or cut spending on its offerings, Yelp will lay off 1,000 staffers and furlough about 1,100 additional workers. The company will also cut back on hours for others, as it takes steps to get through...
Americans could start receiving COVID-19 stimulus money from the federal government as early as Thursday (April 9) or Friday, according to reports. The first round of emergency assistance is expected to reach people who have previously provided direct deposit information to the Internal Revenue Service...
“During a black swan event, consumer trust is tested to its maximum, and the providers that rise to the occasion will build a brand centered on doing what is best for the people who trust them,” according to Jim Johnson, head of financial institution payments...
Jobless claims released Thursday (April 9) show that the coronavirus triggered another 6.606 million unemployment claims for the week ending April 4. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Starbucks is withdrawing its 2020 outlook as it faces an estimated 46 percent earnings drop for the second quarter, according to multiple reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Over one third of Americans didn’t pay rent by April 5, triggering fears of what could be ahead for May and beyond, according to data from a landlord advocacy group. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The COVID-19 pandemic has triggered an unprecedented wave of business closures, placing millions out of work with no telling when they will be back to business as usual. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
With the coronavirus pandemic forcing people out of work in every sector of the economy, unemployment claims are likely to rise by another 5.25 million since last week, according to reports Wednesday (April 8). Get the Full Story Complete the form to unlock this article...
