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...
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...
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...
President Donald Trump will meet with senior advisors this week to discuss the possibilities of another pandemic-related stimulus package, this time with a focus on encouraging a return to work and public life, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the...
As the pandemic continues to disrupt everyday life the world over, many consumers want refunds on things they paid for but aren’t able to use. And Michigan is asking insurance companies to provide reimbursements or waivers to auto insurance policyholders. Get the Full Story Complete...
Real gross domestic product (GDP) is projected to plummet 52.8 percent in the second quarter, according to the Federal Reserve Bank of Atlanta’s GDPNow as of Monday (June 1). The model, which offers a “nowcast” of the official estimate before its release, had forecast a 51.2...
As Marriott surfaces out of pandemic lockdowns, the company has reopened all of its hotels in China and has experienced a corporate travel recovery, the BBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As the number of worldwide deaths from the coronavirus nears 400,000, the crowdfunding platform OurCrowd has launched a $100 million Pandemic Innovation Fund. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Even as the federal government has paid out unemployment cash at an unprecedented level over the last three months, an estimated one-third of those laid off due to the pandemic’s economic meltdown have not gotten checks. Get the Full Story Complete the form to unlock...
