Economy

Economy
New Business Recovery Report Finds Commerce Amid Chaos
May 12, 2020

Business is business, after all. At some indeterminate point in the near future, commerce will fully resume, but we’re going to see changes. Some are already well underway. Digital is supplying society’s needs now, helping us live well on lockdown. That’s just how it is...

Economy
Economist Mark Zandi: A Second Round Of Virus Would Bring A Depression
May 11, 2020

A Moody’s Analytics economist warns the nation will hit bottom, even worse than we’ve seen, if the coronavirus spikes a second time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Coronavirus Refunds: NY Rangers Allow For Reimbursements And Credits
May 11, 2020

The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use. Sports teams are offering their fans the opportunity to ask for reimbursements. Get the Full Story Complete the form to unlock...

Economy
Mnuchin Predicts Economic Pickup, Urges Caution On Greater Stimulus
May 11, 2020

In an interview, U.S. Treasury Secretary Steven Mnuchin predicted that the economy would be improving “as we go into the summer and we reopen the economy.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Wednesday Deadline Looms For Seeking Direct Deposit Of IRS Stimulus Checks
May 11, 2020

The Internal Revenue Service (IRS) says it’s making progress distributing stimulus checks, and there’s still time for recipients to get their checks direct deposited. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Spike In Virus Outbreaks Threatens Global Reopening Plans
May 11, 2020

Plans across the world to reopen economies and re-enter public life are being thwarted by new flare-ups of the coronavirus. 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
Blackrock, Pimco Tapped By Fed To Help Invest Relief Funds
May 10, 2020

The Federal Reserve is turning to money managers BlackRock and Pacific Investment Management Co. (Pimco) to help it handle bond investments and the purchase of companies’ short-term borrowings, according to a Wall Street Journal (WSJ) report. Get the Full Story Complete the form to unlock...

Economy
Mnuchin: Not Reopening Risks Irreversible Economic Damage
May 10, 2020

The U.S. still hasn’t seen its highest level of unemployment due to the global coronavirus pandemic, but the economy will turn around, Treasury Secretary Steven Mnuchin said on Fox News Sunday on May 10. Get the Full Story Complete the form to unlock this article...

Economy
Coronavirus Refunds: French Open Fans To Get Reimbursed
May 08, 2020

The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use. Organizers are offering refunds to fans who have purchased tickets for large events — such as a well-known tennis contest —...