Economy

Economy
Coronavirus Update: Yum Works With Franchisees On Payments; Workers, Mayors Impact Food Production
March 24, 2020

As the coronavirus pandemic impacts sales, Yum Brands is working to help some franchisees and halting its share repurchase program. 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...

Economy
Regulators To Soften Antitrust Restrictions For JVs
March 24, 2020

The Federal Trade Commission (FTC) and the Department of Justice Antitrust Division said they will speed up reviews for joint ventures aimed at stopping the coronavirus spread, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Firms Saw New Orders Plummet To Record Low As US Economy Staggers From Virus
March 24, 2020

One of the first Federal Reserve reports to measure the U.S. economy since the coronavirus pandemic began is pointing to a grim future. The Philadelphia Federal Reserve’s March Nonmanufacturing Business Outlook Survey showed steep declines Tuesday (March 24) in most data points, with three of...

Markets
Robinhood Apologizes To Users For Outages, Offers Credit
March 24, 2020

Trading startup Robinhood has apologized to its members for outages that occurred earlier in March during a historic market rally, according to a report by CNBC.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
GoFundMe, Yelp Launch Crowdfunding Campaign For SMBs
March 24, 2020

To offer a quick and easy way for independent businesses to begin fundraisers and take donations via their Yelp pages, Yelp has teamed with social fundraising platform GoFundMe. The coronavirus pandemic has been very challenging for small business and especially local businesses, which typically conduct...

Economy
JPMC Freezes New Hires Given COVID-19 Crisis
March 24, 2020

JPMorgan Chase & Co has announced it will be instituting a hiring freeze throughout most of the company to help stop the spread of the coronavirus, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Crisis Advice: Keep Calm And Look To China
March 24, 2020

The current crisis is unprecedented. And for retailers the sense of helplessness also has no comparison. However, crises of an unprecedented nature have been stalking retail since 2008. It’s time to break out the crisis chops and show some leadership. According to PwC’s most recent...

Economy
Global Retail Demand Starts To Take A Hit
March 24, 2020

The supply chain has withstood its crisis stress test, as seen in the maintenance of inventory by Overstock.com, most supermarket products and the resumption of Chinese manufacturing. But it looks like retail’s supply cousin – demand – is the next domino to fall. Get the...

Economy
Tokyo Summer Olympics Postponed Until 2021
March 24, 2020

The International Olympic Committee (IOC) and Japanese Prime Minister Shinzo Abe have moved to postpone the Tokyo summer games until 2021, according to a joint statement from the IOC and the Tokyo 2020 Organizing Committee on Tuesday (March 24). Get the Full Story Complete the...