Road To Recovery
Most Recent
NY Fed: Tough July Gives Consumers Sour Outlook On Jobs, Finances
Monday 10th August - 3:30 pm
Consumers in the United States began to feel a bit more pessimistic in July about their prospects, in the latest sign that the recovery from the coronavirus downturn may be ...LendingClub Reports Drop In Originations As Investor Demand Shows Early Signs Of Recovery
Tuesday 4th August - 7:54 pm
LendingClub posted second-quarter results on Tuesday (Aug. 4) that showed a drop in origination volume as anticipated, while loan investor demand displayed early indications of recovery.
In terms of headline data, ...Visa’s Kevin Phalen: Global SMBs Get Back To Business Optimistic About The Future
Tuesday 4th August - 3:15 am
The global pandemic has changed commerce fundamentally — a fact confirmed in Visa’s new Back to Business study.
To say that consumers have shifted dramatically toward digital commerce — or that ...Minneapolis Fed President Kashkari Urges 4-6 Week ‘Hard’ Shutdown
Sunday 2nd August - 8:16 pm
The U.S. economy would be best served if the nation were to be locked down for up to six weeks, Minneapolis Federal Reserve Bank President Neel Kashkari advised.
In a CBS ...Global Car Makers Skid Deep Into Red In Second Quarter
Thursday 30th July - 1:16 pm
The worldwide COVID-19 economic crash has sent major automakers’ revenues and profits plunging over a cliff. Nonetheless, some see signs of an impending recovery.
For its part, Germany’s Volkswagen said on ...Fed Chair Powell: Economic Recovery Depends On Success In Controlling Pandemic
Wednesday 29th July - 8:05 pm
Federal Reserve Chair Jerome Powell said Wednesday (July 29) that the road to economic recovery is “extraordinarily uncertain” and will be heavily influenced by how well the country keeps the ...Food Falters With New COVID Cases
Wednesday 29th July - 5:16 pm
Mobile order-ahead, added pickup windows, curbside/contactless delivery and other stopgaps of the COVID-19 era are keeping surviving food establishments in business with desperately needed cash flow. But while these measures ...June Air Travel Volume Off 86 Pct From Last Year
Tuesday 28th July - 6:06 pm
The latest forecast from the International Air Transport Association (IATA) has airlines grappling with reduced demand until at least 2024 – and that’s the best-case scenario.
Earlier forecasts from the industry ...Today In Payments: Economists Predict Recovery Will Take Two Years Or More; Google Faces Lawsuit In Australia
Monday 27th July - 3:32 pm
In today’s top news, economists say the U.S. economy could take two years to recover, and Google faces a lawsuit in Australia over its use of personal data. Plus, Wells ...Retail Rental Payments Make Comeback
Monday 27th July - 11:03 am
Retailers are starting to pay the rent. A new report from the National Association of Real Estate Investment Trusts (NAREIT) shows that rent collections for free-standing and shopping mall-focused real ...Poll: Economists Predict Two-Plus Years For US Economy To Recover
Monday 27th July - 7:10 am
As lockdowns resume in many U.S. states from a surge in coronavirus cases, a poll suggests the economic recovery has slowed.
In a Reuters survey, economists warned any job recovery is ...Shellfish Industry Turns To DTC To Boost Profits
Monday 27th July - 4:00 am
As the U.S. shellfish industry was headed into 2020, the big concern was climate change. People who made their living in the business were worried that higher ocean temperatures would ...New Report: Why Real-Time Settlement Can Make or Break Main Street Businesses
Monday 27th July - 4:00 am
It’s been long said that small- to medium-sized businesses (SMBs) are the backbone of the American economy.
That’s hard to argue with considering more than 99 percent of American firms are ...Las Vegas Not Near Normal As Casinos Curtail Offerings
Thursday 23rd July - 7:12 pm
In a sign that the Las Vegas Strip is not near its usual level of operations, Wynn Resorts Ltd. is positioned to put staffers on leave and close select operations ...AMC Pushes Back Theater Reopenings Again
Thursday 23rd July - 6:11 pm
For consumers who usually patronize the biggest operators of theaters in the U.S., going to the movies will mean settling into the couch for the next few weeks.
AMC Theatres said ...Airlines Confront Grim Q2 As New COVID Fears Slam Travel Recovery
Wednesday 22nd July - 6:12 pm
It was a bad week for airline stocks as bookings contracted on renewed coronavirus fears. PYMNTS reported earlier this week on new Transportation Security Agency (TSA) figures that travelers through U.S. airport checkpoints were ...The FAANG Gang And The Future Of The Recovery
Tuesday 21st July - 4:59 pm
As earnings season starts up, the world is getting a glimpse into how the global pandemic and subsequent economic meltdown is impacting firms of all kinds. Of particular interest to ...PSCU CEO: Credit Unions And Microbusinesses Collaborate To Reopen/Restart The Economy
Tuesday 21st July - 4:00 am
COVID-19 has hit the U.S. economy hard, but few areas were hit harder than small businesses. Roughly 90 percent of them are dubbed “microbusinesses,” which have fewer than 10 employees ...Verizon Debuts Resource Hub To Help SMBs Amid Pandemic
Monday 20th July - 5:09 pm
As small- to medium-sized businesses (SMBs) keep contending with the effects of the pandemic, Verizon Business rolled out its inaugural SMB resource hub, according to an announcement. The “one-stop destination” ...Is Voice The Ultimate Touchless Payments Experience?
Monday 20th July - 4:00 am
Voice technology was already on the rise long before the global pandemic broke out, with a steadily increasing share of consumers using voice assistants like Siri or Alexa to shop, ...US Companies Pivot From Resilency To Reinvention
Sunday 19th July - 8:36 pm
Despite trimming jobs and minimizing operations as COVID-19 spread earlier this year, large U.S. companies now say that’s not enough.
As the virus has reemerged leading to business shutdowns for a ...SMB Cash Flow Gaps, Transit Payments, Disaster Loans Top This Week’s News
Friday 17th July - 4:41 pm
It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have ...New York City Mayor De Blasio Says Phase 4 Reopening To Start Monday
Friday 17th July - 3:46 pm
New York City Mayor Bill de Blasio said the city is set to enter the last phase of reopening on Monday (July 20), Bloomberg News reported.
“Phase Four means a lot ...To Mask Or Not To Mask: BlackRock CEO Weighs In
Friday 17th July - 1:06 pm
BlackRock CEO Larry Fink has three words of advice for Americans who want to help the U.S. economy recover from the COVID-19 crisis: wear a mask.
“If we all wore a ...Retail Recovery Veils Serious Headwinds
Friday 17th July - 4:00 am
Despite some positive key performance indicators delivered this week, the U.S. retail and economic recovery is still facing serious headwinds.
The positive news came in the form of U.S. retail sales, ...New York Threatens NYC Restaurant Closures As State Prepares For Second Outbreak
Thursday 16th July - 6:06 pm
New York Gov. Andrew Cuomo is threatening to close down restaurants that are not following social distancing rules to stem the coronavirus, CNBC reports.
Cuomo, during a conference call on Thursday ...June Retail Sales Rise 7.5 Pct From May
Thursday 16th July - 10:49 am
Back in April, the news on the retail front was gloomy, to say the least, with sales plunging by a record 16.4 percent. But that was back when the COVID-19 ...How One Startup Is Reinventing Travel Insurance For The Post-Pandemic World
Thursday 16th July - 4:00 am
Admittedly, it might seem like a strange time to be launching an innovative travel insurance product given how much the tourism industry has contracted in the wake of the global ...Restaurant Association Seeks Federal Help To Stabilize Industry
Wednesday 15th July - 11:00 pm
The National Restaurant Association has issued a Blueprint for Restaurant Revival to help stabilize and stimulate the industry, including funding for restaurants and at-risk communities in need of help, according ...Afterpay US CEO On The Changing Face Of Luxury In A Post-Pandemic World
Wednesday 15th July - 4:02 am
Consumers were already changing their retail preferences before anyone had heard of COVID-19, let alone had their life utterly upended by it.
Nick Molnar, co-founder and U.S. CEO of Afterpay, recently ...Fed's Brainard: Economic Recovery So Far Could Be Temporary
Tuesday 14th July - 4:51 pm
Federal Reserve Governor Lael Brainard said the road to recovery for the U.S. economy won’t be an easy one, according to The Wall Street Journal (WSJ).
Brainard said the apparent steps ...More SMBs Throw In The Towel After Lockdown Restrictions
Tuesday 14th July - 2:40 pm
The resurgence of the COVID-19 has delivered a crippling blow to many small businesses, The New York Times reported.
In places that had reopened such as Texas, Florida and California, it ...Casinos' — And Disney Parks' — Digital 3.0 Shift
Monday 13th July - 2:43 pm
A somewhat rocky reopening is afoot in America as businesses try to meld governmental mandates with the realities of foot traffic to forge new models from existing retail concepts.
This is ...Retail Recovery Continues Its Inconsistent Path
Monday 13th July - 11:00 am
The retail recovery continues to be inconsistent, as new reports show that upstream ordering issues will start to hurt suppliers and intermediaries as the pandemic still rages in the U.S.
On ...How Many US Restaurants Will Survive The Pandemic?
Friday 10th July - 3:21 pm
The COVID-19 pandemic could have an unexpected casualty — a significant percentage of U.S. restaurants. After all, government shutdown orders have in many cases closed eateries for months, forced them ...What Digital 3.0 ‘Convenience Shifters’ Want From Merchants
Friday 10th July - 1:39 pm
Shapeshifting is rarely convenient (ask any werewolf), but in the case of a newly-minted persona that PYMNTS calls the “convenience shifter” some COVID-era behavioral changes aren’t all bad.
Polling 14,000 U.S. ...COVID-19 Spikes Hinder Retail Recovery
Friday 10th July - 11:00 am
Back in late March when the pandemic first started to lock down retailing, PYMNTS published the first in a series of tracking reports showing clear evidence that the overwhelming factor ...Express Continues Reopening Its Stores
Friday 10th July - 10:25 am
Express. Inc., the fashion apparel retailer, is pushing ahead with reopening its stores, the company announced Friday (July 10).
As of the July 4 holiday weekend, the Columbus, Ohio-based company has ...BoA: Big Restaurants Are Recovering Quicker From Pandemic
Thursday 9th July - 10:29 pm
Big restaurant chains are faster to recover from the pandemic as compared to smaller independent eateries, Bank of America (BoA) said, as reported by CNBC.
The spending at smaller restaurants is ...The Four COVID Personas, Part 2: ‘Safety Shifters’
Thursday 9th July - 1:05 pm
“The truth is that consumers’ attitudes about the COVID-19 pandemic vary dramatically by their personal circumstances and preferences. Some are working professionals who have been lucky to operate remotely and ...How Texas Restaurants Are Using A Safety Seal of Approval To Get Customers Back
Thursday 9th July - 4:03 am
In a bid toward normality, states are reopening.
No surprise, after months of lockdown: We all want to get something to eat.
And we’d like to be safe when we get something ...Rocky Road Confronts Digital (And Hesitant) Consumer For Rest Of 2020
Wednesday 8th July - 4:00 am
For the digital consumer — for the U.S. economy — a recovery is in the cards, yes.
But it will take a while.
Much longer than the 12 weeks it took to ...Landry's CEO Calls For Federal Rules On Reopening
Tuesday 7th July - 9:32 pm
Billionaire business owner Tilman Fertitta, who is the CEO of restaurant corporation Landry’s, said the U.S. needs nationwide rules for how businesses can reopen, calling it “literally ridiculous” to keep ...New York Puts Indoor Dining On Hold
Monday 6th July - 3:03 pm
New York City restaurant patrons who were hoping to dine in on Monday (July 6) as the city enters the next phase of its reopening will have to wait.
New York ...Labor Secretary: $600 Unemployment Payouts No Longer Needed
Sunday 5th July - 11:06 pm
Laid-off workers collecting federal unemployment benefits got some disappointing news from the nation’s U.S. Labor Secretary Sunday (July 5).
Eugene Scalia told Fox News Sunday the enhanced $600 a week jobless ...
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