Economy

Economy
SMBs, PPP And America’s Reopening
May 28, 2020

After several very harrowing weeks, the ongoing drama of the Paycheck Protection Program (PPP) seems to have finally come to a close. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
New Data: Inside Main Street SMB’s Digital Shift
May 28, 2020

When the United States economy locked down to slow the spread of the coronavirus, it rapidly and radically altered the way consumers browsed, shopped and paid for goods and services — and not all small- to medium-sized businesses (SMBs) were prepared. Businesses that did not...

Economy
OpenTable Data Shows Consumers Are Starting To Eat Out Again
May 27, 2020

The national decline in restaurant bookings is starting to ease up, according to new data from OpenTable as reported by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Fed Data: The U.S. Economy Is Reopening, But Not Rebounding
May 27, 2020

Reopening? Yes, the U.S. economic reopening is just beginning. But as for a rebound, we’ll have to wait — and it’s anyone’s guess how long. For now, the Federal Reserve Beige Book released on Wednesday (May 27) found that U.S. companies are suffering from a...

Economy
Goldman Sachs: Unemployment Could Remain High For Next 2 Years
May 27, 2020

High unemployment could remain a constant for the next two years as people struggle to find jobs, according to Goldman Sachs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Uncle Sam Considers Payments For Companies To ‘Reshore’ Factories
May 27, 2020

Will the U.S. government pay American companies to “near shore” supply chains, incentivizing a pivot away from China? 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...

Economy
Empty Steel Canyons In NYC As Commuters WFH?
May 26, 2020

Amid the wreckage left by the pandemic — the lost jobs, shuttered businesses, and of course, the fatalities — one victim may be the daily grind of the 9 to 5, and, specifically, the daily commute. Get the Full Story Complete the form to unlock...

Economy
Jamie Dimon Hopeful Economy Will Improve In Q3/Q4
May 26, 2020

Jamie Dimon, CEO of J.P. Morgan Chase, expressed hope that the economy will improve and unemployment will ease in the second half of the year after hitting levels near the Great Depression era in the second quarter, according to CNBC. Get the Full Story Complete...

Economy
Millions Tested In Wuhan Amid Fears Of Second COVID Wave
May 26, 2020

The Chinese city of Wuhan, ground zero for the global pandemic, has conducted nearly seven million coronavirus tests in 12 days, Bloomberg News reported.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...