Economy

Economy
Job Board Upstream To Launch Early For Those Jobless From Virus Outbreak
March 24, 2020

A new job board, Upstream, has launched ahead of schedule to attempt to help people get back to work after they were laid off due to the coronavirus pandemic, according to a TechCrunch report. Get the Full Story Complete the form to unlock this article...

Economy
Retailers Want Free Rent To Cover COVID-19 Shutdowns
March 24, 2020

Mattress Firm and Subway are among the major U.S. retailers that don’t want to pay rent in full due to the coronavirus‘ effects on the country’s economy, Bloomberg reported, which could set up a brawl with landlords and officials in the coming weeks as the...

Economy
Coronavirus Update: Yum Works With Franchisees On Payments; Workers, Mayors Impact Food Production
March 24, 2020

As the coronavirus pandemic impacts sales, Yum Brands is working to help some franchisees and halting its share repurchase program. 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...

Economy
Regulators To Soften Antitrust Restrictions For JVs
March 24, 2020

The Federal Trade Commission (FTC) and the Department of Justice Antitrust Division said they will speed up reviews for joint ventures aimed at stopping the coronavirus spread, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Firms Saw New Orders Plummet To Record Low As US Economy Staggers From Virus
March 24, 2020

One of the first Federal Reserve reports to measure the U.S. economy since the coronavirus pandemic began is pointing to a grim future. The Philadelphia Federal Reserve’s March Nonmanufacturing Business Outlook Survey showed steep declines Tuesday (March 24) in most data points, with three of...

Markets
Robinhood Apologizes To Users For Outages, Offers Credit
March 24, 2020

Trading startup Robinhood has apologized to its members for outages that occurred earlier in March during a historic market rally, according to a report by CNBC.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
GoFundMe, Yelp Launch Crowdfunding Campaign For SMBs
March 24, 2020

To offer a quick and easy way for independent businesses to begin fundraisers and take donations via their Yelp pages, Yelp has teamed with social fundraising platform GoFundMe. The coronavirus pandemic has been very challenging for small business and especially local businesses, which typically conduct...

Economy
JPMC Freezes New Hires Given COVID-19 Crisis
March 24, 2020

JPMorgan Chase & Co has announced it will be instituting a hiring freeze throughout most of the company to help stop the spread of the coronavirus, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Crisis Advice: Keep Calm And Look To China
March 24, 2020

The current crisis is unprecedented. And for retailers the sense of helplessness also has no comparison. However, crises of an unprecedented nature have been stalking retail since 2008. It’s time to break out the crisis chops and show some leadership. According to PwC’s most recent...