Economy

Economy
Pelosi Wants Another Round Of Stimulus For Citizens
March 26, 2020

U.S. House of Representatives Speaker Nancy Pelosi said that she wants Americans to get another payment in addition to the $2 trillion relief package passed in the Senate on Wednesday night (March 25), according to a report by CNBC. Get the Full Story Complete the...

Economy
Federal Agencies Ask Lenders To Offer Small Loans To Fill COVID-19 Gap
March 26, 2020

Five federal financial regulatory agencies are encouraging banks, savings associations and credit unions to offer small loans to consumers and small businesses in response to the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
UK Digital Banks Can’t Disburse Gov’t Funds To COVID-19-Affected Firms
March 26, 2020

Digital banks that weren’t part of an earlier funding scheme lack the accreditation necessary to send relief to people affected by the coronavirus, according to a Thursday (March 26) Reuters report.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
India Promises $22B In Relief For The Nation’s Poor
March 26, 2020

As the U.S. Congress finalizes a $2 trillion stimulus package to jumpstart an economy reeling from the coronavirus pandemic, India’s finance minister announced a $22.5 billion measure on Thursday (March 26) that would provide food and cash to most of the country’s 1.3 billion people. Get the Full Story...

Economy
Airbnb Is Waiving Fees For Coronavirus Healthcare Workers
March 26, 2020

Airbnb said that it’s going to provide free or subsidized housing for coronavirus responders, according to a blog post by the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Getting Stimulus Funds To Those Who Need Them — Without The Paper Check
March 26, 2020

The stimulus bill designed to combat the economic ravages of COVID-19 is massive. 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....

Economy
IRS Could Take Months To Send Out Stimulus Checks
March 26, 2020

As the U.S. reels from the coronavirus pandemic and people await relief checks from the government, former IRS officials say it could be months before anyone gets that much-needed money, Reuters reported on Thursday (March 26). Get the Full Story Complete the form to unlock...

Economy
Unemployment Figures Set The Wrong Type Of Record
March 26, 2020

Oh what a difference six months can make.  A half a year ago the unemployment rate was making the headlines for the “right” reasons.  In September the unemployment rate in the U.S. hit a 50-year record low of 3.5 percent.  This was widely reported as...

Economy
Retailers Win In Stimulus Bill
March 26, 2020

Retail came up as a big, but very subtle, winner in the economic stimulus package passed by the Senate last night (March 25) in response to the coronavirus pandemic. While most of the focus has been on the $1,200 payout to consumers, retailers will also...