Economy

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...

Economy
Bottomline Helps Small Businesses Apply For COVID-19 Relief Funding
April 02, 2020

New Hampshire FinTech Bottomline Technologies has launched a free initiative to help the nation’s banks provide relief to small businesses hurt by the COVID-19 pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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...