In an effort to hang on to customers during tough times, WeWork is cutting its rents as people continue to largely work from home, according to a Financial Times (FT) report Wednesday (Oct. 14). Get the Full Story Complete the form to unlock this article...
While coronavirus infections continue to rise in Europe, they’ll likely have less of an economic impact this time around, Klaas Knot, Dutch central bank president and European Central Bank board member, said on Tuesday (Oct. 13), Reuters reports. Get the Full Story Complete the form to...
U.S. Senate President Mitch McConnell (D-Ky.) said on Tuesday (Oct. 13) that the body will take up a COVID-19 relief measure before the end of October. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The federal government’s Consumer Price Index (CPI) for residents of urban areas rose 0.2 percent in September, driven largely higher prices for used cars and trucks, the Bureau of Labor Statistics announced Tuesday (Oct. 13). Get the Full Story Complete the form to unlock this...
The International Monetary Fund has upgraded its global real gross domestic product (GDP) forecast for 2020 to -4.4 percent in October from -5.2 percent in June. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
President Donald Trump and top administration officials did an apparent 180-degree reversal on new stimulus funding mid-day on Friday (Oct. 9), just hours after Senate Majority Leader Mitch McConnell (R-Ky.) said it’s unlikely lawmakers will reach a deal before the Nov. 3 presidential election. Get...
The International Monetary Fund (IMF) is calling for additional government assistance to women and younger workers affected by COVID-19, based on an analysis of anonymized customer activity during shutdowns provided by mobile carrier Vodafone. Get the Full Story Complete the form to unlock this article...
Jobless claims continued to be below 1 million last week, but so far have failed to slip under 800,000 since the start of the pandemic, according to data released Thursday (Oct. 8) by the U.S. Department of Labor (DOL). Get the Full Story Complete the form...
In the tilt-a-whirl that is Washington, D.C. right now, the wildest go-rounds are centered on stimulus payments. 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...
