Economy

Economy
Update: Zoox Lays Off Backup Drivers To Its Autonomous Vehicles; Pelonton Halts Live Classes, To...
April 07, 2020

Companies are taking steps to combat COVID-19 in the United States, while one government in Europe is aiming to reopen businesses. Here are the latest updates on COVID-19 from around the world. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
US Airlines Extend Business Loyalty Programs
April 06, 2020

Frequent flyers have nothing to worry about when it comes to the industry’s loyalty programs, according to Reuters. 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...

Economy
Allstate Refunds $600M In Premiums While Customers #StayatHome
April 06, 2020

Insurance provider Allstate is providing over $600 million in relief to auto insurance policyholders over the next few months as the coronavirus pandemic continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
NY Fed Sees Consumer Expectations Slide On COVID-19
April 06, 2020

A March survey of consumer expectations by the Federal Reserve Bank of New York released Monday (April 6) found mounting worries over job losses, debt and spending as the coronavirus continues to wreak havoc on the U.S. economy.  Get the Full Story Complete the form...

Economy
What Will It Take To Get Back To A Pre-COVID-19 Economy? A Vaccine
April 06, 2020

For technologists and those in the payments arena, a fast-moving world is standard operating procedure. Today’s shiniest innovation will be old hat in six months – and in two years, it will either be gone entirely or so baked into people’s lives that it fails to...

Economy
Hilton, AmEx Donate Up To 1M Rooms To Healthcare Workers
April 06, 2020

As healthcare workers fight the COVID-19 pandemic, Hilton and American Express will donate 1 million hotel rooms across the U.S. to those working on the front lines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
SMBs Scramble As Bigger Firms Eye Piece Of The $349B PPP Pie
April 06, 2020

In business, size matters. Larger firms, typically, have the capital cushion to weather economic shocks better than smaller peers, as they have broader customer bases, more diversified revenue streams and, sometimes, global reach. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
BOA Says 10 Pct Of $350B Emergency Loans May Be Already Gone 
April 06, 2020

Three days after lenders began accepting applications for business bailout loans, Bank of America said requests for the cash reached 10 percent by Monday (April 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
JPMC’s Dimon Assures Bank’s Health, Plans To Improve Diversity In Annual Shareholders’ Letter
April 06, 2020

Jamie Dimon, chief executive officer of JPMorgan Chase, sent out his annual letter to shareholders on Monday (April 6), outlining strategies amid the worldwide coronavirus pandemic.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...