Economy

Economy
Fed’s Bullard Puts Positive Spin On Economy Despite Steep Job Losses
April 05, 2020

Despite the coronavirus’ rampant shifts to the U.S. economy, St. Louis Federal Reserve President James Bullard says he doesn’t think the situation is a plummeting “free fall” as others have speculated. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Coronavirus Has Shut Down 25 Pct Of US Economy
April 05, 2020

Some 25 percent of American businesses have gone dark due to the coronavirus pandemic, according to an analysis in The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
TurboTax Rolls Out Free Tool For Faster Stimulus Payments
April 05, 2020

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
US Economy Loses 701K Jobs; Unemployment Rises To 4.4 Pct.
April 03, 2020

The nation’s hiring boom that began more than two years ago is over, a casualty of COVID-19, as the number of workers who have lost their jobs due to the pandemic continues to grow. Get the Full Story Complete the form to unlock this article...

Economy
Can Stimulus Funds Battle Back The Main Street Cash Crunch?
April 02, 2020

By the numbers the news is not bright this week — pretty much no matter where one looks as the coronavirus pandemic continues. Unemployment filings have had their second wrong type of record-breaking week in a row — with a staggering 6.6 million for the week...

Economy
Unemployment Data Shows Darkening Coronavirus Clouds For SMBs
April 02, 2020

These are the kinds of records that no one wants to see broken. 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....

Economy
US Jobless Claims Hit Record 6.6M Amid COVID-19 Pandemic
April 02, 2020

In another sign that the nation’s economy is suffering amid the COVID-19 pandemic, the number of new jobless claims reached record levels last week, double the pace set a week ago, the U.S. Department of Labor reported on Thursday (April 2). Get the Full Story...

Economy
Where Big Tech Will And Won’t Spend In A COVID Recession
April 02, 2020

It is easy – and becoming easier by the day – to look at the business world and see trends indicating where the money isn’t flowing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’
April 01, 2020

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. jobless rate seems poised to shoot way up – especially among low-wage workers. Get the Full Story...