Economy

Economy
Airbnb Sees 40 Percent Drop In Bookings; Delays IPO
March 13, 2020

The toll of the coronavirus on businesses has hit everything from tourism to large gatherings like concerts and conventions. With those goes the value of Airbnb, which saw its bookings fall by 40 percent, according to published reports Thursday (March 12). Get the Full Story...

Economy
Coronavirus’ Contagion Spreads Across Travel Ecosystem
March 13, 2020

New travel curbs imposed by President Donald Trump as the coronavirus spreads will send seismic shudders throughout the travel ecosystem — and by extension, the payments ecosystem as well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Looking Toward Post-COVID Retail
March 12, 2020

“All things must pass,” as George Harrison said. For retailers looking at stockouts, empty stores and the worst still to come, talk of recovery might seem premature. But a crisis shouldn’t go to waste. Evidence of how to weather the crisis – and what it...

Economy
Coronavirus: Disneyland Closes, Stock Selloff Threatens Valuations Of Apple, Microsoft
March 12, 2020

The coronavirus could have far-reaching effects on the workplace, investing and tourism. 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 all PYMNTS content — no...

Economy
Hackers Scam Consumers By Posing As Health Organizations
March 12, 2020

Hackers around the world are taking advantage of coronavirus fears by posing as organizations like the U.S. Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO) to maliciously advance espionage tactics and cause panic and confusion, according to a report by...

Economy
Coronavirus: Meituan Provides ‘Shields’ To Customers; Viking, Princess, Stop Cruises
March 12, 2020

The coronavirus could have far-reaching effects on food delivery, travel and the economy as a whole, while the impacts on grocery inventory might be shorter-term. Here are the latest updates on the coronavirus around the world. Get the Full Story Complete the form to unlock this article...

Economy
Watchdog In Italy Investigating Amazon, eBay Over Inflated Coronavirus-Related Prices
March 12, 2020

The antitrust watchdog in Italy has opened an investigation into Amazon and eBay over allegations that the companies upped the prices of things like hand sanitizers amid the ongoing coronavirus public health battle, according to a report by Reuters. Get the Full Story Complete the...

Economy
New York To Limit The Number Of Event Attendees Amid Coronavirus
March 12, 2020

As New Jersey and New York limit the number of people at events because of COVID-19 fears, the governor of New York said meetings of over 500 individuals would not be allowed following Friday evening with some exclusions. New York is also aiming to handle...

Economy
Coronavirus Prompts Some Starbucks Locations To Close Seating Areas
March 12, 2020

In an effort to prevent the spread of the coronavirus and safeguard its employees, some Starbucks locations are closing seating areas and restricting service to mobile and drive-through orders, according to a Thursday (March 12) letter to stakeholders from Kevin Johnson, Starbucks CEO. Get the...