Economy

Economy
Data: US Households Paying Rent Dropped 12 Percent From March
April 09, 2020

The percentage of U.S. citizens who paid rent this month was down 12 points, from 82 percent in March to 69 now, as a result of the economic disruption from the coronavirus, according to a housing survey released Wednesday (April 8). Get the Full Story...

Economy
UN: 195 Million Jobs Will Be Lost To Coronavirus In 2Q
April 08, 2020

Being called the “worst crisis since World War II,” the coronavirus is set to wipe out 6.7 percent of working hours across the globe in the second quarter, or the equivalent to 195 million full-time workers’ full weeks, according to the United Nations, CNBC reported....

Economy
US Dems Push For Small Businesses, Hospitals First In Next Financial Aid
April 08, 2020

Top Democratic officials in the U.S. have a new list of demands for the next round of stimulus funds to fight the effects of the coronavirus pandemic, including stipulations for small businesses, hospitals and health officials and low-income Americans, according to the Financial Times. Get the Full...

Markets
Pinterest Shares Rise As Q1 Beats Analysts Predictions
April 08, 2020

Pinterest, the web-based visual discovery platform, saw its shares rally late Tuesday (April 7) after the company released guidance that beat analysts’ pre-coronavirus expectations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
HPE Launches Corporate IT Payment Deferral Program
April 08, 2020

Hewlett Packard Enterprise (HPE) is turning to its financial services unit to extend over $2 billion in financing and programs to assist business customers with cash management issues amid the global pandemic.  Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Alipay Rolls Out Digital Tools To Support Wuhan Businesses
April 08, 2020

Wuhan, China – the epicenter of the disease when the COVID-19 virus exploded onto the world scene – is very slowly coming back to life. On Wednesday (April 8), China officially ended its lockdown on the city, whose name is inextricably linked to the global...

Economy
Hong Kong Approves $17.7B Coronavirus Relief Package 
April 08, 2020

Hong Kong has approved a $17.7 billion relief package to help households and businesses financially crippled by 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 required....

Economy
64 Pct Of Consumers Want Government To Save SMBs
April 08, 2020

Hundreds of billions of dollars, earmarked to save small to mid-sized businesses. 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 daily newsletter, PYMNTS Today. By...

Economy
The 10 Ways COVID-19 Has Changed The American Consumer
April 08, 2020

For the last several weeks normal life in the United States and around the world has been on hold in a way that has never been seen before — and that no one could have predicted. As the coronavirus pandemic continues, day-to-day life has changed...