For optimists who hoped the global economy would recover from the impact of the coronavirus pandemic within months, New York Federal Reserve Board President John Williams has delivered a wake-up call. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Fourteen percent of American workers are now unemployed because of the coronavirus pandemic, according to new data from CNBC. 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...
And just like that: No more. Not now. For the time being, anyway. 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...
French president Emmanuel Macron has warned that the European Union (EU) is likely to fail in its goals as a “political project” if the group doesn’t work together in supporting economies hit particularly hard by the pandemic. Get the Full Story Complete the form to...
Against a backdrop where Labor Department data showed 5.2 million additional Americans filed for unemployment, it may make sense that banks’ outlooks for the future of their loan portfolios are, to put it gently, cautious. Get the Full Story Complete the form to unlock this...
COVID-19 continues to jolt the nation’s economy as another 5,245,000 Americans applied for jobless benefits in the week ending April 11, the U.S. Labor Department reported on Thursday (April 16). That brings the total to more than 20 million in just weeks — a record. Get...
One day after India’s Prime Minister Narendra Modi extended the nationwide lockdown to May 3 due to the coronavirus pandemic, the country’s Commerce & Industry Department reported in a press release that merchandise exports fell by a record 34.6 percent in March while imports declined...
Germany is planning to allow some shops to reopen next week in the wake of the coronavirus pandemic, according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The COVID-19 has taken a dramatic toll on U.S. manufacturing as production has dropped to its lowest level since World War II, according to a new report by the Federal Reserve Board. Get the Full Story Complete the form to unlock this article and enjoy...
