Economy

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...

Economy
New Data: Why COVID-19 Will Be The Connected Economy’s Inflection Point
April 06, 2020

March 11 marked the end of traditional business in the U.S., maybe even the rest of the world – and probably forever. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
ClassPass CEO: The Feds Need To Flex Their Muscles To Help The Fitness Industry
April 06, 2020

It is not an easy time to be in the fitness business at present as gyms, fitness studios and wellness providers nationwide have been forced to close their doors and temporarily shut down service while the whole world rides out the coronavirus pandemic. Get the...

Economy
Banks Tap Resilience To Weather The COVID-19 Storm
April 06, 2020

When things go wrong, one can generally count on people to notice – particularly if a lot of things go wrong at once due to a black swan event like the one we are living through now. By their nature, those types of events tend...

Economy
Fed’s Bullard Puts Positive Spin On Economy Despite Steep Job Losses
April 05, 2020

Despite the coronavirus’ rampant shifts to the U.S. economy, St. Louis Federal Reserve President James Bullard says he doesn’t think the situation is a plummeting “free fall” as others have speculated. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...