Democratic Congressional leaders are seeking up to $1 trillion in the next coronavirus aid package, a number that will almost surely run into controversy with Republicans who have very different priorities, according to a report by the Associated Press. Get the Full Story Complete the...
Economic data released Thursday (April 30) may hint at a “one-two punch” for consumer spending — indicating a reluctance to spend now, yes, but paycheck pressures may keep purses and wallets closed for a while. Get the Full Story Complete the form to unlock this...
Consumer spending in the U.S. plummeted 7.5 percent in March, the steepest drop in 61 years, as the coronavirus pandemic continues to ravage personal income, according to the Thursday (April 30) report from the Commerce Department. Get the Full Story Complete the form to unlock...
The coronavirus pandemic has triggered the biggest drop in the U.S. economy since the Great Recession, and economists are warning that the worst is yet to come. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Representatives from Toyota, Hilton, Wynn and Waffle House, among others, were said to have met with President Donald Trump Wednesday (April 29) to discuss the methods to reopen the U.S. for business, according to a CNBC report. Get the Full Story Complete the form to...
Factories reopen. Supply chains re-linked. Businesses operating — on site. 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,...
Federal Reserve Chairman Jerome Powell said Wednesday (April 29) that the Fed will “not be in any hurry to withdraw [monetary stimulus] … until we’re quite confident that the economy is well on the road to recovery.” The chairman’s promise came in a virtual press...
In a wide-ranging interview, world-renowned investor Warren Buffett weighed in on such topics as the coronavirus pandemic, the economic crisis it has created and the future of American capitalism. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
U.S. gross domestic product (GDP) dropped 4.8 percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the economy, the Bureau of Economic Analysis reported on Wednesday (April 29). Get the Full Story Complete the form to unlock this...
