Economy

Economy
UK Tech Lobby Warns Coronavirus Could Wipe Out Startups
April 03, 2020

The U.K. tech lobby is reasserting the need to help EU startups with funding as venture capital money dries up in the wake of the coronavirus pandemic.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
US Economy Loses 701K Jobs; Unemployment Rises To 4.4 Pct.
April 03, 2020

The nation’s hiring boom that began more than two years ago is over, a casualty of COVID-19, as the number of workers who have lost their jobs due to the pandemic continues to grow. Get the Full Story Complete the form to unlock this article...

Economy
Airbnb Drops Internal Valuation 16 Pct Amid Pandemic
April 03, 2020

Short-term rental site Airbnb has lowered its internal valuation to $26 billion, a 16 percent drop, as business continue to be hammered by lockdowns, Reuters reported, citing sources familiar with the matter. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Filling The Medical Equipment Gap With The Power Of 3D Printing
April 03, 2020

Among the many factors aggravating the coronavirus outbreak in the U.S. is an equipment shortage affecting nearly all corners of the United States — particularly when it comes to the available supply of ventilators, testing materials and personal protective equipment (PPE) like masks, blow shields,...

Economy
Treasury Says SBA SMB Relief Program Is Live, Big Banks Say They’re Not Ready
April 02, 2020

Treasury Secretary Steve Mnuchin announced shortly after 7 p.m. Thursday, April 2 that the Paycheck Protection Program was live and ready to begin distributing $350 billion to go toward helping small businesses. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Australia To Test Coronavirus Vaccine; US Doctor Claims To Have Potential Cure
April 02, 2020

Australia’s national science agency plans to test a pair of vaccines over the next 90 days, part of a global race to stop the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Minneapolis Fed Chief Calls For ‘Generous’ SMB Funding
April 02, 2020

The Federal Reserve Bank of Minneapolis President Neel Kashkari said on Thursday (April 2) that policymakers should be generous with the help that is extended to small businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Eateries Adding Household Supplies To Carryout, Delivery Orders
April 02, 2020

As restaurant sales continue to plunge by nearly half compared to a year ago as fear of the coronavirus grips the nation, some eateries are taking “buy one, get one” to a whole new level. Get the Full Story Complete the form to unlock this...

Economy
CBO Expects GDP To Fall 7 Pct. In Q2
April 02, 2020

The Congressional Budget Office (CBO) is anticipating a grim second quarter this year as the economy sputters amid coronavirus-related layoffs and business closures, CBO director Phill Swagel said in a blog on Thursday (April 2). Get the Full Story Complete the form to unlock this...