Economy

Economy
US Jobless Claims Expected To Be Highest Ever
March 25, 2020

The initial jobless claims report to be released Thursday (March 26) is predicted to show that due to the coronavirus pandemic, the largest number of Americans ever will have filed for unemployment benefits in such a short time, according to CNBC. Get the Full Story Complete...

Economy
Canadian SMB Confidence At Record Lows
March 25, 2020

The Canadian Federation of Independent Business (CFIB)’s latest Business Barometer indicated that small business confidence dropped to a new historic low with the impacts of the coronavirus pandemic. The national confidence level dropped an additional 19 index points from last month’s following a 10-point decline...

Economy
CO-OP Financial Launches Cardholder Relief Solutions Amid Coronavirus Pandemic
March 25, 2020

CO-OP Financial Services has launched a series of programs to help its credit clients relieve financial stress their members experience as a result of the coronavirus pandemic, the company announced on Wednesday (March 25). Get the Full Story Complete the form to unlock this article...

Economy
Equipment Order Slide Hints At Business Caution, Recession
March 25, 2020

Looking at economic indicators – those signposts that show where we are, as a nation, and where we’re headed – February was tough. March and beyond will likely get a lot tougher, as business spending pulls back, shutting down tailwinds of near-term (and even long-term) growth....

Economy
The $2T Stimulus Phase 3: Everything You Need To Know 
March 25, 2020

The deal is done — in the Senate anyway — and the $2 trillion Phase 3 coronavirus relief package will face a vote shortly after noon when the Senate reconvenes and be on its way to the House of Representatives for the lower chamber’s vote. The...

Economy
SMBs Wary Of Stimulus Loans Without Returning Consumers
March 25, 2020

A debt trap may loom for the smaller businesses that desperately, and immediately, need access to capital. 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...

Economy
US Gov Reaches Historic $2T Deal On Coronavirus Stimulus Bill
March 25, 2020

Leaders in Washington reached an agreement Wednesday morning (March 25) on a $2 trillion bill to rescue the economy, the largest economic stimulus package in American history, according to multiple reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
India’s Quarantine Prompts Walmart’s Flipkart To Halt Operations
March 25, 2020

Walmart’s Flipkart has stopped all services in India as the government orders people to stay inside for at least three weeks due to the coronavirus, a Reuters report indicated on Tuesday (March 24).  Get the Full Story Complete the form to unlock this article and...

Economy
Big Businesses Tap $124B From Credit Lines To Stay Afloat
March 25, 2020

Over 130 businesses across Europe, North America and South America have drawn cash from at least $124.1 billion in credit lines to stay afloat during the coronavirus crisis.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...