A recent economic survey forecasts that 42 percent of layoffs will bring about permanent job losses. In a televised interview on CNBC, University of Chicago Booth School Professor Steven Davis pointed to the airline industry as one example of job losses that won’t be temporary....
Live concert tickets, already rising in recent years amid monopoly-related fears, could see even more expensive turns if smaller companies and venues are shut out due to the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
While the entire travel industry has suffered as a result of the global pandemic, amusement parks in particular have felt the sting sharply as social distancing requirements have stopped their rides, shut their gates and left their future uncertain. Get the Full Story Complete the...
A dire prediction from OpenTable forecasts a quarter of American restaurants will close permanently due to the financial turmoil from the coronavirus pandemic, according to a Bloomberg report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Estimating a loss of $915 million in the second quarter, Starbucks is asking landlords of all of its stores to pardon it for at least a part of rent for the next year, according to a CNBC report. Get the Full Story Complete the form...
People are continuing to file for unemployment benefits as job losses continue to mount amid the coronavirus pandemic, which is upending the economy and everyday life. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Goldman Sachs’ forecast for the nation’s unemployment rate rose by 10 percent, as the bank now predicts at least a 25 percent unemployment rate due to the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Never before in history have so many people looked to the alphabet to model the shape of their economic future. That the economy has taken a massive downturn is undeniable, as is the fact that at some point in the future (near or distant), the...
Federal Reserve Board Chairman Jerome Powell said that while Washington’s nearly $3 trillion economic response to the coronavirus is on target, it will likely not be the final chapter given the uncertainty around the pandemic. Get the Full Story Complete the form to unlock this...
