Restauranteur Danny Meyer, CEO of Union Square Hospitality Group and founder of Shake Shack, said there is likely to be large-scale economic damage without more financial aid to combat issues related to the pandemic, CNBC reported. Get the Full Story Complete the form to unlock...
Americans cut their credit card balances in August for the sixth consecutive month, the Federal Reserve System reported Wednesday (Oct. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Booking Holdings CEO Glenn Fogel wants Congress to provide more support for the airline industry, saying that not doing so would prevent the industry from recovering quickly once the pandemic slowed, CNBC reported. Get the Full Story Complete the form to unlock this article and...
Hours after President Donald Trump told his staff to end negotiations with lawmakers over a new stimulus package, he reversed that decision. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Landry’s CEO and chairman Tilman Fertitta, speaking on CNBC, said he thinks anyone operating a restaurant in New York City is likely in danger of going out of business, particularly if things have to shut down again due to the coronavirus. Get the Full Story...
Stimulus negotiations are on hold. That is the news out of Washington today (Oct 6) as President Trump has announced that negotiations between Republicans and Democrats will be officially paused until after the election on Nov. 3. Get the Full Story Complete the form to...
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said in remarks prepared for delivery Tuesday (Oct. 6) that the world economy is looking better than the organization predicted three months ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
With another coronavirus relief package stalled in Congress, Federal Reserve Chair Jerome Powell is warning of “tragic” consequences if the federal government fails to provide more support for struggling businesses and households. Get the Full Story Complete the form to unlock this article and enjoy...
A new survey revealed teenagers spent less money on food, events and concerts during the COVID-19 pandemic amid fear of a worsening economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
