The old saying goes that chains are only as strong as their weakest link. That applies, of course, to supply chains and to liquidity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
House Democrats unveiled a $3 trillion spending package for more coronavirus aid on Tuesday (May 12), including more money for individuals affected by the shutdown, according to CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Consumer Price Index (CPI) fell to its lowest level in a dozen years last month, according to the U.S. Bureau of Labor Statistics (BLS). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
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...
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...
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...
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...
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...
The number we’ll remember — 14.7 percent, the headline number for April U.S. unemployment — is the one we hope is a peak. But there are indications that a peak has yet to be reached, especially for the small and medium-sized businesses (SMBs) that power the...
