Economy

Economy
Survey: 56 Pct Of Undergraduates Can’t Afford College Tuition
June 04, 2020

More than half of college students say they can’t afford tuition, as the coronavirus crisis has taken a toll on many families’ ability to pay for school, according to a survey by OneClass. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Fitbit Introduces $5K Emergency Ventilator To Address Urgent Pandemic Needs
June 04, 2020

Fitbit, the manufacturer of activity trackers and wearable technology devices, has received federal approval for a low-cost emergency ventilator. 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...

Economy
Airlines Add Flights To Schedules As Demand Begins To Return, Block Middle Seats For Safety
June 04, 2020

American Airlines is intending to fly 55 percent of its domestic schedule and almost 20 percent of its international schedule next month in comparison to the same timeframe in 2019, according to an announcement. Vasu Raja, American Airlines senior vice president of network strategy, said...

Economy
1.8M Americans File Unemployment Claims As Pandemic’s Total Tops 42M
June 04, 2020

Nearly 1.9 million Americans filed for unemployment benefits last week, as the number of workers seeking assistance since the coronavirus pandemic began in mid-March topped 42 million — three times the job loss in the Great Depression, according to the U.S. Department of Labor. Get the...

Economy
Exclusive Data: Twenty-Five Percent of Consumers Say Retail, Online Grocery Digital Shift Will Stick
June 04, 2020

As sections of the United States economy continue to reopen, it is growing more apparent that consumers have no intention of reverting back to their pre-pandemic shopping habits. Instead of flocking back to brick-and-mortar shops, consumers are continuing to shop from the safety of their...

Economy
Will Nevada Face The Pandemic’s Greatest And Most Sustained Impact?
June 03, 2020

The pandemic has impacted Nevada’s labor force more than any other state in the country, and it could continue to disrupt the Las Vegas economy years into the future. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Should Las Vegas Bet On Consumers Returning to Casinos?
June 03, 2020

Las Vegas casinos shut their doors in mid-March in response to the COVID-19 pandemic, sending Nevada’s unemployment rate to a worst-in-the-nation 28.2 percent (nearly twice the U.S. average). And although some of the biggest casinos plan to reopen Thursday, questions remain as to whether Las...

Economy
Amex CFO Sounds Alarm Over Post-Lockdown Furloughs
June 03, 2020

A top American Express executive sees trouble on the horizon for the economy as the effects of the COVID-19 recession continue to devastate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Moody’s Economist: ‘The COVID-19 Recession Is Over’
June 03, 2020

While companies cut nearly 2.8 million jobs last month, Mark Zandi, chief economist at Moody’s Analytics, said it was far less than forecast and the worst of the economic impact of the coronavirus pandemic is behind us. Get the Full Story Complete the form to...