Economy

Economy
McConnell Floats Possibility Of $500B In COVID Stimulus
November 17, 2020

As the deliberation over another pandemic-related stimulus continues, U.S. Senate Majority Leader Mitch McConnell said he’s open to a $500 billion package, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
States Seek Aid To Offset Estimated $400B Shortfall Due To COVID-19
November 17, 2020

Faced with the mounting costs of battling COVID-19, state governors across the United States are pushing for more federal relief as coronavirus infections soar and local hospital systems scramble to make room for patients the Associated Press reported. Get the Full Story Complete the form...

Economy
COVID Vaccine News Sparks Premature Stay-At-Home Stock Slump
November 17, 2020

After what feels like a never-ending stream of bad news about the COVID-19 pandemic, a bit of good news started to trickle into the market last week with an announcement by Pfizer that it had achieved a better than 90 percent success rate with minimal...

Economy
Vaccine Provides Hope, But Sports And Concerts Keep Live Event Plans Flexible
November 17, 2020

Despite recent positive progress that a COVID vaccine is moving closer to becoming a reality, when it comes to the resumption of the activities, sports and shows that constitute “normal life,” event planners say they still lack the visibility and confidence to safely stage large,...

Economy
Biden: Recovery Depends On Controlling Pandemic As ‘Very Dark Winter’ Approaches
November 16, 2020

U.S. President-elect Joe Biden called a conversation with business and labor leaders “encouraging” at a press conference following a Monday (Nov. 16) call, noting that all agreed that they wanted to get the economy back on track. Get the Full Story Complete the form to...

Economy
Moderna Solved The Supply Chain Problem, But Will Consumers Embrace A COVID-19 Vaccine?
November 16, 2020

With COVID-19’s worldwide case count officially exceeding 11 million and waves of closures sweeping U.S. states in an attempt to stifle the resurgent threat, an island of good news has appeared in what looks increasingly like a sea of bad tidings. Following Pfizer’s announcement last...

Economy
COVID Crisis: What Happens If Most People Don’t Get The Vaccine?
November 16, 2020

On the same day that COVID-19 cases in the U.S. topped 10 million and hit 50.5 million globally, the world got news that Pfizer and BioNTech had successfully completed Phase 3 trials of a COVID-19 vaccine on 43,000 people — and achieved an astounding 90...

Economy
US Economic Forecasts Grim Amid Escalating COVID-19
November 16, 2020

Fears of economic freefall are mounting as the U.S. continues to post an alarming increase in the number of new COVID-19 cases without word of any additional government stimulus, according to a report in The Financial Times (FT) on Monday (Nov. 16). Get the Full...

Economy
Ticketmaster Events Won’t Require Proof Of Vaccination, COVID Test To Attend
November 16, 2020

Ticketmaster, which handles off-site ticket sales for a huge portion of the country’s music and sports events, is developing a system to assess fans’ Covid-19 vaccination and testing status but will let local promoters set standards for attendance, the San Francisco Chronicle reported. Get the...