Economy

Economy
American Airlines Suspends Most Long International Flights Through May
March 15, 2020

American Airlines is curbing its flights for the next month or so in response to the deadly coronavirus, which has been exacerbated by international travel in recent weeks, according to a press release. Get the Full Story Complete the form to unlock this article and...

Economy
Fed Slashes Interest Rates To Near Zero
March 15, 2020

The Federal Reserve announced Sunday (March 15) it would drop benchmark interest rates to zero and buy at least $700 billion in government bonds as part of an emergency action to protect the economy from the impact of the coronavirus outbreak. Get the Full Story...

Economy
Kombucha, Bingeing, Legos And Wine: How We’ll Keep Busy In Quarantine
March 14, 2020

In 1987, Disney launched one of the more successful ad campaigns in its history. It ran right after the Super Bowl game between the New York Giants and Denver Broncos when winning the Giants’ quarterback, Phil Simms, was asked a question that we at PYMNTS wholly approve of: “What’s next? Get...

Economy
Coronavirus Update: Trump Declares State Of Emergency; Airbnb Revises Cancellation Policy
March 13, 2020

The coronavirus has wide-reaching effects on travel, entertainment and the economy. Here are the latest updates on its impacts around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Virus, Swooning Markets Put Homebuilders On Shaky Foundation
March 13, 2020

What will make homebuilders rally? 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 agree to receive...

Economy
Fed Asks Banks To Be Lenient With Lending
March 13, 2020

The U.S. Federal Reserve is reportedly talking to lenders and saying that if they go through their liquidity reserves while helping customers there won’t be dire consequences for them, according to a report by Reuters.  Get the Full Story Complete the form to unlock this...

Economy
Grubhub Offers $100M+ In Relief Aid To Restaurants, Drivers
March 13, 2020

Grubhub, along with the leaders of major cities, has launched a relief effort for independent restaurants that are adversely affected by the coronavirus, according to a release from the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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...