Economy

Economy
Collaborative ‘Help Main Street’ Database Will Give Financial Aid To Local Businesses
March 18, 2020

A collaborative effort by startup Lunchbox and activist investors Eniac Ventures will aim to help small businesses during the coronavirus pandemic by providing a way to support them, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and...

Economy
German Merchants Call For Gov’t Assistance; Banks In Europe Accept $130B To Lessen Financial Stress
March 18, 2020

The coronavirus is spurring trade groups to ask for aid and governments to provide assistance for banks. 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 access to...

Economy
Coronavirus Triggers Downturn In US Rideshares, UK Hospitality
March 18, 2020

As the coronavirus continues to spread, the hospitality industry in the U.K. is taking a big hit while the U.S. sees a major dip in rideshare demands, according to reports on Wednesday (March 18). Get the Full Story Complete the form to unlock this article...

Economy
Mnuchin: Economy Will Come ‘Roaring Back’
March 18, 2020

U.S. Treasury Secretary Steven Mnuchin said on Wednesday (March 18) that the country won’t see Depression-like unemployment levels, walking back his previously reported comments that joblessness could hit 20 percent unless Congress acts. Get the Full Story Complete the form to unlock this article and...

Economy
Amazon, JPMorgan Donate Money To Ease Coronavirus Crisis
March 18, 2020

JPMorgan said it will to donate $50 million to groups and organizations that provide support and supplies to people affected by the coronavirus all over the world, according to a report by Reuters.  Get the Full Story Complete the form to unlock this article and...

Economy
Malls, Restaurants Request Aid As Coronavirus Forces Closures
March 18, 2020

In an unparalleled attempt to contain the coronavirus pandemic, thousands of stores and other businesses are closing their doors to customers, according to reports on Wednesday (March 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Grocers Struggle To Meet Panicked Demand In US, UK
March 18, 2020

In the United States, demand for delivery services for groceries are so high that some customers are waiting seven days for orders that contain missing items, and servers for online services are crashing under heightened demand, according to a report by The Wall Street Journal....

Economy
Billionaire Bill Ackman Tweets Trump To Shutter Nation For 30 Days
March 18, 2020

Hedge-fund billionaire Bill Ackman tweeted to President Trump on Wednesday (March 18) that he should close down the country to contain the coronavirus, reports indicated. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
NY Governor Rejects Mayor’s ‘Shelter In Place’ Order
March 18, 2020

Andrew Cuomo, the governor of New York, said he won’t give approval for a “shelter-in-place” order for the city, just one day after Mayor Bill de Blasio said to get ready for it, according to a report by CNBC. Get the Full Story Complete the...