Economy

Economy
Retailers Worldwide Temporarily Shutter To Slow Coronavirus Spread
March 18, 2020

Retailers around the world are shutting their doors or reducing hours in an attempt to slow the spread of the fast-moving coronavirus, according to reports on Wednesday (March 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Governments Harness Mobile Phone Data To Track Coronavirus Outbreak
March 18, 2020

Governments are utilizing technology to track mobile data to help manage the coronavirus. Here are the latest updates on the outbreak from around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Testing Monetary, Fiscal Policy As ‘This Time Is Different’
March 18, 2020

This time is different, as the saying goes. 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 daily newsletter, PYMNTS Today. By completing this form, you...

Economy
Airlines Worldwide Will Need Billions In Bailout, Group Says
March 18, 2020

The global airline industry, struggling as the world is on lockdown with the spreading coronavirus, is increasingly turning to governments for financial aid. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Treasury Secretary Warns Of Depression-Like Unemployment Levels
March 18, 2020

Treasury Secretary Steven Mnuchin said the U.S. unemployment rate could soar to 20 percent if Congress fails to pass a $1 trillion coronavirus stimulus package, according to reports on Tuesday (March 17). Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Retailers Shutter Brick-And-Mortar Stores As Foot Traffic Sinks
March 18, 2020

Large department stores such as Macy’s and Bloomingdale’s have shut down their New York City locations to avoid the large congregations of people usually inside their massive spaces spreading the deadly coronavirus. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
NEW REPORT: How COVID-19 Changed Daily Life For 85 Percent Of US Consumers
March 18, 2020

The United States has reached a tipping point on COVID-19, with federal state and local governments implementing new restrictions on where consumers can travel, how many can gather in any given location and requiring restaurants and bars to shut their doors in the hopes of...

Economy
Paper Checks, COVID-19 And The Flaw With Analog Relief Payments
March 18, 2020

This week after what has felt like a steady drumbeat of bad news, American workers who’ve seen their employment either greatly truncated or completely evaporate in the face of the global COVID-19 outbreak finally got a piece of good news. Government relief is reportedly on the...

Economy
Companies, US Gov’t Warn Of Coronavirus Cyber Scams
March 17, 2020

As more firms worldwide push for workers to hunker down from home in order to fend off the spread of the coronavirus, people are advised to be vigilant of online fraudsters, according to Compliance Week. Get the Full Story Complete the form to unlock this...