Economy

Economy
Airline Recovery Stalls Amid COVID-19 Uptick
July 07, 2020

Potential air travelers are grounding themselves to the extent that airlines are suffering bookings declines as severe as those seen when COVID-19 first surged in the United States in March, the Wall Street Journal reported Tuesday (July 7), citing an internal United Airlines Holdings Inc....

Economy
COVID-19 Benefits Aid Nontraditional Workers
July 07, 2020

The COVID-19 economic crisis seems to be exposing gaping holes in the U.S safety net. A case in point: some 12.9 million Americans are collecting unemployment benefits through a special program under the federal Coronavirus Aid, Relief, and Economic Security Act, better known as the...

Markets
‘Down’ Rounds And Investor Caution — Blip Or Trend?
July 07, 2020

The stock market swings can be confusing.   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 this form, you agree...

Economy
Atlanta Fed Warns Recovery Could Stall As Outbreaks Surge
July 07, 2020

The uptick in U.S. coronavirus cases could dampen the recovery of the nation’s economy, according to a Federal Reserve official. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
McConnell: Stimulus Checks An Option For Low-Income Workers
July 07, 2020

U.S. Senate Majority Leader Mitch McConnell said on Monday (July 6) that he could be open to more stimulus checks for individual Americans, NBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
A Third Of US Companies Slashed Worker Pay For Pandemic
July 06, 2020

A new survey by global outplacement and executive and business coaching firm Challenger, Gray & Christmas found that 30 percent of companies have cut pay in response to the pandemic, the company announce in a press release. Get the Full Story Complete the form to...

Economy
Air Travel Soared Over July 4, But Sector Still Grounded Compared to Last Year
July 06, 2020

The number of passengers who went through U.S. airports at the start of July nearly doubled from a month ago, federal data shows. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Federal College Aid Applications Fall As Pandemic Upsets Student Plans
July 06, 2020

The count of high school seniors seeking federal college aid dropped by almost 50 percent compared to levels in 2019 in the beginning weeks of the COVID-19 health crisis, which was driven by a sharp fall when it came to students at schools with more...

Economy
Number Of Homeowners In Mortgage Bailout Program Drops By 104K
July 06, 2020

The number of homeowners in the mortgage bailout program under the federal CARES Act fell by 104,000 from June 23 to June 30 — the largest one-week drop since the start of the program, reported CNBC. Get the Full Story Complete the form to unlock...