Estimating a loss of $915 million in the second quarter, Starbucks is asking landlords of all of its stores to pardon it for at least a part of rent for the next year, according to a CNBC report. Get the Full Story Complete the form...
People are continuing to file for unemployment benefits as job losses continue to mount amid the coronavirus pandemic, which is upending the economy and everyday life. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Goldman Sachs’ forecast for the nation’s unemployment rate rose by 10 percent, as the bank now predicts at least a 25 percent unemployment rate due to the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Never before in history have so many people looked to the alphabet to model the shape of their economic future. That the economy has taken a massive downturn is undeniable, as is the fact that at some point in the future (near or distant), the...
Federal Reserve Board Chairman Jerome Powell said that while Washington’s nearly $3 trillion economic response to the coronavirus is on target, it will likely not be the final chapter given the uncertainty around the pandemic. Get the Full Story Complete the form to unlock this...
The old saying goes that chains are only as strong as their weakest link. That applies, of course, to supply chains and to liquidity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
House Democrats unveiled a $3 trillion spending package for more coronavirus aid on Tuesday (May 12), including more money for individuals affected by the shutdown, according to CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Consumer Price Index (CPI) fell to its lowest level in a dozen years last month, according to the U.S. Bureau of Labor Statistics (BLS). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Business is business, after all. At some indeterminate point in the near future, commerce will fully resume, but we’re going to see changes. Some are already well underway. Digital is supplying society’s needs now, helping us live well on lockdown. That’s just how it is...
