Coca-Cola CEO James Quincey said he is not anticipating a fast economic rebound now that the world is reopening for business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Casinos in Mississippi and Louisiana are reopening this week, and visitors are traveling long distances and waiting in lines to enter the facilities, according to a report from The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy...
In a joint appearance before the Senate Banking Committee, Federal Reserve Board Chairman Jerome Powell and Treasury Secretary Steven Mnuchin praised the $2 trillion CARES Act Tuesday (May 19) saying the swift, bipartisan measure is providing much-needed credit to taxpayers, businesses, states and municipalities. Get...
Jamie Dimon, CEO of JPMorgan Chase, said in a memo that the coronavirus pandemic has revealed weaknesses that require a bipartisan approach to correction. The note came out ahead of the shareholder meeting that was held remotely on Tuesday (May 19). Get the Full Story Complete the...
In a series of tweets, entrepreneur Mark Cuban has called for a sea change in federal government policies to address the COVID-19 pandemic, on both the medical and economic fronts. He said the federal Paycheck Protection Program (PPP) has fallen short because “no amount of...
Federal Reserve Chairman Jerome Powell, speaking on “60 Minutes,” said an economic recovery could take as long as another year and a half, but he said he believes the economy could begin recovering as early as the second half of this year. Get the Full...
The New York Yankees are looking at a shortfall of $312 million if this year’s Major League Baseball (MLB) season ends up going forward with no fans in the stadium. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
As the pandemic quickly transformed the labor market, layoffs in the U.S. surged to an all-time high in March. The count of individuals resigning from their positions fell to the lowest level in four and a half years, Reuters reported. Get the Full Story Complete...
Just when the economy can’t take any more bad news, the Federal Reserve Bank of Atlanta is predicting the national gross domestic product (GDP) is expected to drop by nearly 43 percent in the second quarter, CNBC reported. Get the Full Story Complete the form...
