Economy

Economy
New Data: SMBs Shift COVID Cash Flow Challenges To Their Workforce
April 02, 2020

The coronavirus pandemic is advancing, wreaking havoc on U.S. citizens and the economy. 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
Where Big Tech Will And Won’t Spend In A COVID Recession
April 02, 2020

It is easy – and becoming easier by the day – to look at the business world and see trends indicating where the money isn’t flowing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’
April 01, 2020

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. jobless rate seems poised to shoot way up – especially among low-wage workers. Get the Full Story...

Economy
Survey: 46 Pct Of Americans Are At High Risk Of Layoffs
April 01, 2020

More than 66 million jobs across fields such as retail, food service and sales are at a high risk of layoffs because of the coronavirus‘ widespread decimation of the American economy and work culture, according to Yahoo Finance, citing a St. Louis Fed economist. Get...

Economy
Restaurant Order Volume Falls 36 Pct Amid Coronavirus Closures
April 01, 2020

In much of the United States, restaurants have been ordered closed, except perhaps for takeout service, amid the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
Apple Card Holders Can Postpone April Payments
April 01, 2020

For the second consecutive month, Apple Inc. will allow its Apple Card users to defer April payments without interest or penalties to ease financial pressures of the COVID-19 pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Some Companies Strained By Spike In Demand Amid Coronavirus
April 01, 2020

While nonessential retailers remain shuttered amid the COVID-19 pandemic, some companies have discovered more business isn’t always a good thing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
Deluge Of SMB Applications Prompts Lenders To Drop Out Of UK Stimulus Program
April 01, 2020

Already buried in emergency loan applications from small and medium-sized businesses (SMBs), five U.K. lenders have dropped out of the Coronavirus Business Interruption Loan Scheme (CBILS), according to a report in Bloomberg on Wednesday (April 1). Get the Full Story Complete the form to unlock...

Economy
Citigroup CEO To Workers: No Layoffs
April 01, 2020

Citigroup’s 204,000 U.S. employees hope it’s not an April Fools’ joke. 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...