Economy

Economy
Trump Wants New Business Relief Pushed Through As-Is
April 10, 2020

A partisan standoff on Capitol Hill over additional small business funding prompted President Trump on Friday (April 10) to urge Congress to pass the measure as-is, without any additional add-ons, according to a Reuters report. Get the Full Story Complete the form to unlock this...

Economy
Too Little, Too Late For COVID-19 Stimulus Efforts?
April 10, 2020

Trillions of dollars for governments, for businesses, and for individuals – and it may all be a case of too little, too late. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
US Senate Fails To Pass Additional SMB Aid
April 10, 2020

A federal measure to provide additional relief for small and medium-sized businesses (SMBs) hurt by the coronavirus pandemic will have to wait. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
European Airports Work On Safety, Screening Plans
April 10, 2020

Under pressure from constituents worried about health and looming relaxations of quarantine, European airports have begun drawing up guidelines for how to act in the best interest of health once travel becomes more common again. Get the Full Story Complete the form to unlock this...

Economy
Too Little Too Late As 17M Lose Jobs And Relief Efforts Bottlenecked
April 10, 2020

The $3 trillion in relief approved by the federal government has so far reached few bank accounts as jobless claims mount and businesses remain closed amid the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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...