Economy

Economy
EU Planning For Transition Out Of Lockdown
April 05, 2020

European countries, including France, Spain, Belgium and Finland, among others, have begun tentatively etching out potential ways to ease social distancing requirements for the coronavirus pandemic over the next few months, according to the Financial Times. Get the Full Story Complete the form to unlock...

Economy
Coronavirus Has Shut Down 25 Pct Of US Economy
April 05, 2020

Some 25 percent of American businesses have gone dark due to the coronavirus pandemic, according to an analysis in The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
TurboTax Rolls Out Free Tool For Faster Stimulus Payments
April 05, 2020

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
The Mr. Rogers Remedy For Keeping Calm Through COVID-19
April 04, 2020

“When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers. You will always find people who are helping.” – Fred Rogers Get the Full Story Complete the form to unlock this article...

Economy
Bank Of America Boasts $22B In Bailout Loans
April 03, 2020

It was a phenomenal Friday (April 3) for Bank of America. The Charlotte-based global lender told CNBC that 85,000 customers have applied for $22.2 billion in loans since online applications became available starting at 8:45 a.m. to help small businesses survive the downturn from COVID-19. Get...

Economy
FinCEN Reminds FIs To Watch For Fraud During COVID-19 Crisis
April 03, 2020

Three weeks after the Financial Crimes Enforcement Network (FinCEN) issued guidance to financial institutions (FIs) on COVID-19, the division of the U.S. Department of the Treasury is reminding lenders to be on the lookout for fraud as the coronavirus grips the nation. Get the Full...

Economy
Coronavirus Update: Inditex Factories Make Medical Supplies; FedEx Reduces Chief Executive’s Pay
April 03, 2020

Inditex, the owner of brands such as Massimo Dutti and Zara, is having its clothing manufacturing facilities in Spain produce medical supplies, while its logistics hub has almost arrived at a stop, Reuters reported. The firm said it had shuttered 3,785 retail shops around the globe...

Economy
FIS Connects With Lenders On COVID-19 Relief For Small Businesses
April 03, 2020

Florida-based FinTech FIS is helping lenders provide Small Business Administration (SBA) loans under the coronavirus stimulus package, the company announced Friday (April 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Uber Eats Accepts Donations For Restaurants; Pledges $5M To Fund
April 03, 2020

To let diners assist their favorite eateries amid the COVID-19 pandemic, Uber Eats is putting an in-app donate button into place. The food delivery company also intends to match each contribution to the Restaurant Employee Relief Fund for a maximum of $3 million, with another $2 million...