Economy

Economy
Le Bijou Hotel Offers ‘Quarantine Apartments’ For Up To 2K Per Night
April 02, 2020

According to a report, Le Bijou Hotel & Resort is offering a COVID-19 pandemic vacation for the man or woman who otherwise has everything. Of course, you have to get there first. The luxury hospitality company has nine locations – all in Switzerland. Get the...

Economy
‘Mom-and-Pop’ Landlords Lack Cash, Credit To Cover Unpaid Rents
April 02, 2020

As millions of people lose paychecks amid the coronavirus pandemic, some 48 million renters have missed their April 1 payments, causing financial trouble for mom-and-pop landlords, according to a CNBC report on Thursday (April 2).  Get the Full Story Complete the form to unlock this...

Economy
eCommerce Drives Industrial Real Estate Boom
April 02, 2020

The universal characteristics of the coronavirus are change and speed. 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 daily newsletter, PYMNTS Today. By completing this...

Economy
Grubhub Commits $30M To Support Restaurants During COVID-19
April 02, 2020

Chicago-headquartered delivery unicorn Grubhub said it will spend $30 million to help support more than 100,000 independent restaurants and regional franchises as the coronavirus pandemic changes everyday life, the company announced on Thursday (April 2). Get the Full Story Complete the form to unlock this...

Economy
Can Stimulus Funds Battle Back The Main Street Cash Crunch?
April 02, 2020

By the numbers the news is not bright this week — pretty much no matter where one looks as the coronavirus pandemic continues. Unemployment filings have had their second wrong type of record-breaking week in a row — with a staggering 6.6 million for the week...

Economy
Unemployment Data Shows Darkening Coronavirus Clouds For SMBs
April 02, 2020

These are the kinds of records that no one wants to see broken. 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 daily newsletter, PYMNTS Today....

Economy
US Jobless Claims Hit Record 6.6M Amid COVID-19 Pandemic
April 02, 2020

In another sign that the nation’s economy is suffering amid the COVID-19 pandemic, the number of new jobless claims reached record levels last week, double the pace set a week ago, the U.S. Department of Labor reported on Thursday (April 2). Get the Full Story...

Economy
What Banks Still Don’t Know About Getting The $350B To SMBs
April 02, 2020

Facing an economic emergency tipped off by the unprecedented coronavirus pandemic landing on American shores, the federal government in an uncharacteristic burst of speedy bi-partisan cooperation passed the $2.2 trillion CARES Act, a massive stimulus effort meant to keep citizens and businesses whole and afloat...

Economy
What Will Business Look Like Post COVID-19? Ask China
April 02, 2020

Though the phrase “new normal” has gotten thrown around a lot lately, in many ways it is something of a misnomer. Here on the ground in the U.S., things are very far from normal – new or otherwise – with businesses closed, employees working remotely...