Economy

Economy
United Airlines Announces Executive Staff Cuts
May 29, 2020

The “friendly skies” of United Airlines are not so friendly for employees facing layoffs as the pandemic has devastated the airline industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Chicago Purchasing Managers Index Tumbles To 38-Year Low
May 29, 2020

The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982 as the COVID-19 pandemic slammed business confidence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Mitch McConnell: ‘Final’ COVID-19 Relief Bill Coming In A Month
May 29, 2020

Senate Majority Leader Mitch McConnell said Congress will decide whether to pass another COVID-19 relief package soon. 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...

Economy
Survey: Despite Pandemic, 1 In 4 Americans Say Their Wallets Are Fatter
May 29, 2020

While the number of laid-off workers who filed for jobless benefits exceeded 40 million last week, 1 in 10 Americans say COVID-19 has boosted their budget, according to a new survey. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
U.S. Savings Rate Hits Record-High 33 Pct, But Spending Falls A Record 13.6 Pct
May 29, 2020

The consumer savings rate hit a historic 33 percent in April, as Americans hunkered down amid COVID-19, the U.S. Bureau of Economic Analysis (BEA) announced Friday (May 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Kudlow: Gov’t Eyes Cash Bonuses To Get People Back To Work
May 28, 2020

Larry Kudlow, director of the U.S. National Economic Council, said he thinks the idea of cash incentives for people going back to work could be in the cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Survey Says Millionaires Cut Spending, Postpone Big-Ticket Purchases
May 28, 2020

A majority of American millionaires say they plan to spend less this summer than in years past, according to a new Second Quarter CNBC Millionaire Survey. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Vegas Rolls Dice On Reopening Shuttered Casinos
May 28, 2020

Las Vegas is betting that, with social-distancing restrictions in place, customers will return to its famed casinos. 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...

Economy
Bank Of America CEO: We’re Coming Out Of The Depths
May 28, 2020

Bank of America’s chairman and CEO sees light at the end of the COVID-19 tunnel. 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,...