In an effort to spur cash flow during the coronavirus pandemic, the Pentagon will boost percentages paid to contractors for the time being, The Washington Post reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
While the last few weeks haven’t been good news for anyone not selling bleach, toilet paper, N95 masks or canned soup, the entertainment industry has been hit hard as television shows and films have fallen out of production, theatrical releases have been delayed and movie theaters...
Retailers are adapting their operations and rolling out initiatives amid COVID-19, the disease caused by the coronavirus. Here are the latest updates from the retail industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Mortgage Bankers Association (MBA) is concerned that deferred and late mortgage payments due to lost jobs and reduced hours caused by the coronavirus could end up triggering a financial debacle for mortgage servicers, according to reports. Get the Full Story Complete the form to...
Possible homebuyers are reportedly expected to delay their purchases and open houses have been called off, as consumers remain in their residences to slow the coronavirus, Yahoo Finance reported. One market expert says that the COVID-19 outbreak will probably bring the housing market to a...
The U.S. Federal Reserve said on Monday (March 23) that it would support a large range of credit for not only households, but big employers and small businesses alike, to try and push back the “tremendous hardship” that’s been caused by the coronavirus pandemic, according...
Gig economy workers suffering from lost wages due to the coronavirus are seeking relief from the federal government, as they are independent contractors and aren’t eligible for unemployment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Federal Reserve launched a massive aid package on Monday (March 23) to prop up the coronavirus-devastated U.S. economy, unveiling up to $300 billion in financing for consumers and businesses large and small, and an unlimited amount of so-called “quantitative easing.” The moves temporarily buoyed...
To assist borrowers who are paying back U.S. Small Business Administration loans from past disasters, SBA Administrator Jovita Carranza has put into place automatic deferment on existing SBA Disaster Loans through the conclusion of this year. Borrowers of business and home disaster loans don’t have...
