As individuals consider COVID-19 and the potential of the economy reopening again, American consumer sentiment dropped for the third consecutive month per University of Michigan data. The consumer sentiment index dropped to 71.8 in April compared to forecasted result of 67, CNBC reported. Get the...
After previously indicating that he supported increased tax rates but was against a wealth tax concept, billionaire investor Leon Cooperman said in a televised interview that the coronavirus emergency will “likely” change capitalism permanently and taxes will need to be increased before long, according to...
The coronavirus pandemic continues to rock the country, as another 4.43 million Americans applied for unemployment benefits in the week ending April 18, the U.S. Labor Department reported on Thursday (April 23). That brings the total number of Americans who’ve filed for unemployment to about 26 million...
At the start of 2020, things looked incredibly bright for the residential remodeling industry as a whole — unemployment was at 30-year lows, consumer confidence was at an all-time and bookings had healthy backlogs growing year-on-year. The year started with all the right elements in...
An additional 4.3 million workers are likely to have filed unemployment claims in the past week, bringing the total coronavirus-related job losses to around 26 million, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy...
Hard Rock International is not expecting business to rebound before 2021. 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. By completing...
The middle of a deepening recession may not be the best time to play with semantics. 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...
Georgia Gov. Brian Kemp isn’t wasting time when it comes to reopening businesses during the coronavirus pandemic, aiming to reopen many types of retailers by Friday (April 24), according to the Associated Press. Get the Full Story Complete the form to unlock this article and...
Mohamed El-Erian, the Allianz chief economic advisor and former Pimco chief executive, said in a televised report that the American economy could encounter a contraction of 10 percent or greater this year because of COVID-19, CNBC reported. “I think we may be at minus 10%...
