Economy

Economy
Airbnb Mulls Fundraising To Recoup Coronavirus Losses
March 20, 2020

During the coronavirus crisis, certain industries, like hospitality and airline travel, have been hit especially hard. Airbnb, the company that lets people rent rooms out of their homes, is no exception, according to a report by The Wall Street Journal. Get the Full Story Complete...

Economy
Yelp Offers $25M In Free Ads To Coronavirus-Hit Restaurants, Bars
March 20, 2020

As restaurants struggle to stay afloat amid the coronavirus pandemic, Yelp says it will offer $25 million in relief to support independently owned restaurants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Florida’s Spring Breakdown
March 20, 2020

The deluge of college students that flood into Florida each year for spring break is such a regular occurrence that they’ve become something of a seasonal indicator. The grass turns green, the birds return, the daffodils bloom – and the best and brightest of America’s universities...

Economy
Goldman Sachs Says Week’s Unemployment Filing Is Record High
March 20, 2020

Goldman Sachs economists predict that 2.25 million people in the U.S. will have filed for unemployment benefits this week, which is the highest amount ever, according to a report by CNN. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
The Three Big Legal Issues Retailers Face From The Coronavirus
March 20, 2020

With the current health emergency retailers face unprecedented issues. Closing stores, limiting hours, changing order patterns, remote work — all of these issues have joined basic survival as retailers contend with sudden and unpredictable challenges during the coronavirus pandemic. And while retailers are most likely...

Economy
BoA Mortgage Customers Struggling Due To Pandemic Can Defer Payments
March 20, 2020

Bank of America (BoA) customers impacted by the coronavirus can request mortgage, credit card and other loan deferments, the company announced on Thursday (March 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Coronavirus Update: Domino’s Looks To Hire 10,000; UK Asks Hotels, Resorts To House Patients; Apple...
March 19, 2020

Businesses are making donations, reducing speeds of video streaming, and, in some case, hiring more workers amid the coronavirus. Here are the latest updates on the coronavirus around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
NRF Seeks Nationwide Rule On Which Stores Are ‘Essential’
March 19, 2020

The National Retail Federation wants clarification on the word “essential.” Following a letter on Wednesday (March 18) asking for the federal government to consider the retail community in any stimulus packages, the NRF was back on Thursday (March 19) asking the Trump administration for guidance...

Economy
Civil Rights Group Wants Halt To Israeli Cellphone Monitoring For Virus
March 19, 2020

Activists for human rights and civil liberties have asked Israel’s top court to put a stop to cellphone monitoring by the state that was implemented to help slow the coronavirus from spreading further in the country, according to a report by Reuters. Get the Full...