An additional 4.3 million workers are likely to have filed unemployment claims in the past week, bringing the total coronavirus-related job losses to around 26 million, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy...
Hard Rock International is not expecting business to rebound before 2021. 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...
The middle of a deepening recession may not be the best time to play with semantics. 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...
Georgia Gov. Brian Kemp isn’t wasting time when it comes to reopening businesses during the coronavirus pandemic, aiming to reopen many types of retailers by Friday (April 24), according to the Associated Press. Get the Full Story Complete the form to unlock this article and...
Mohamed El-Erian, the Allianz chief economic advisor and former Pimco chief executive, said in a televised report that the American economy could encounter a contraction of 10 percent or greater this year because of COVID-19, CNBC reported. “I think we may be at minus 10%...
We’re not out of the woods yet: That’s the message from Citi Private Bank’s David Bailin. 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...
As the coronavirus pandemic continues, a sharp difference emerges between the ways consumers and businesses are dealing with credit: Consumers are spending less and have reduced debt, while businesses are drawing on their credit lines more than usual, according to Seeking Alpha. Get the Full...
A lobbying effort has pitted the restaurant industry against insurers as the American economy attempts to find its way out of the coronavirus pandemic, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Fitness chain 24 Hour Fitness is looking at a possible bankruptcy due to the coronavirus, as well as mounting debt concerns and the fact that every single one of its 448 locations has closed down, according to CNBC. Get the Full Story Complete the form...
