Economy

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...

Economy
Mnuchin Predicts US Could Re-Open In May
April 09, 2020

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...

Economy
Yelp To Lay Off Or Furlough 2,100 As Local Businesses Struggle With COVID-19
April 09, 2020

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...

Economy
COVID-19 Stimulus Money Could Show Up In Consumer Bank Accounts Today
April 09, 2020

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...

Economy
FIS: Prepare To Be Caught Off-Guard
April 09, 2020

“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...