Economy

Economy
People In UK Are Using Less Cash During Pandemic
March 27, 2020

British people are hoarding items from grocery stores just like in the U.S., but they’re using much less cash to purchase things, and they’re not hoarding cash either, according to a report by Quartz. Get the Full Story Complete the form to unlock this article...

Economy
High-End Retailers Block Access To Storefronts In New York
March 27, 2020

As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and Fendi have blocked access to their shops with plywood. Luxury retailers, for their part, have been in lockdown mode in...

Economy
Pet Food Sales Spike During Coronavirus Scare
March 27, 2020

The coronavirus crisis has caused a spike in pet food sales as people are panic buying food for their pets, according to a report by CNN. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Travelex Temporarily Closes British FX Offices
March 27, 2020

Amid fears over COVID-19, Travelex is closing down British bureaus for approximately eight weeks or a greater amount of time. The foreign exchange firm is also in discussions for sustained access to capital with its stakeholders, Reuters reported. Get the Full Story Complete the form...

Economy
Analysts: US Department Stores Can Ride Out COVID-19 Crisis For Several Months
March 27, 2020

America’s department stores are struggling, but some have the ability to ride out the coronavirus crisis for about eight months before liquidity becomes an issue, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Trump Signs $2T COVID-19 Stimulus Package
March 27, 2020

U.S. President Donald Trump signed a $2 trillion economic stimulus package in response to the coronavirus crisis on Friday (March 27), CNBC reported. The action came after the House ratified the stimulus bill by voice vote on Friday two days after it was passed by the Senate....

Economy
Apple Debuts Coronavirus Website, App Created With The CDC
March 27, 2020

To assist individuals in taking the correct steps to safeguard their health against the coronavirus and remain informed, Apple rolled out a new screening tool and resource set. A new COVID-19 app and website were created in conjunction with the CDC, FEMA and the White...

Economy
G20 Pledges To Push $5T Into Global Economy
March 27, 2020

The Group of 20 (G20) leaders will infuse $5 trillion into the global economy to try and boost things in the wake of the coronavirus’ worldwide spread of chaos. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
SMBs’ Futures Uncertain As They Wait For Help
March 27, 2020

Small businesses are looking for good results from the House of Representatives’ vote on Friday (March 27) on a $2 trillion stimulus package that would send funds to help them weather the coronavirus pandemic’s debilitating effects on their businesses. Get the Full Story Complete the...