economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

Mortgage Bankers Association: 4.1 Million Home Loans In Forbearance
Mortgage Bankers Association: 4.1 Million Home Loans In Forbearance
May 19, 2020  |  Debt

As lenders provide relief for homeowners from the financial challenges of COVID-19, the number of mortgages on temporary postponement increased to 8.16 percent as of...

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Casino Reopenings Draw In Gamblers Despite Online Gaming Surges
Casino Reopenings Draw In Gamblers Despite Online Gaming Surges
May 19, 2020  |  Coronavirus

Casinos in Mississippi and Louisiana are reopening this week, and visitors are traveling long distances and waiting in lines to enter the facilities, according to...

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Mnuchin, Powell Testify CARES Is Working
Mnuchin, Powell Testify CARES Is Working
May 19, 2020  |  Economy

In a joint appearance before the Senate Banking Committee, Federal Reserve Board Chairman Jerome Powell and Treasury Secretary Steven Mnuchin praised the $2 trillion CARES...

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Jamie Dimon: Pandemic Is ‘Wake-Up Call’ For Inclusive Recovery
Jamie Dimon: Pandemic Is ‘Wake-Up Call’ For Inclusive Recovery
May 19, 2020  |  Economy

Jamie Dimon, CEO of JPMorgan Chase, said in a memo that the coronavirus pandemic has revealed weaknesses that require a bipartisan approach to correction. The...

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Demand For New Homes Climbs After Historic Drop
Demand For New Homes Climbs After Historic Drop
May 19, 2020  |  Real Estate

Homebuilder sentiment may be coming out of its worst slump ever, as new data showed confidence improving this month, with one caveat: the Northeast is...

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Restaurant Execs Ask Trump For PPP Modifications
Restaurant Execs Ask Trump For PPP Modifications
May 19, 2020  |  Loans

At a roundtable event with restaurant executives on Monday (May 18), several executives put forward a request to President Donald Trump and cabinet officials to...

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Broadway Is ‘Frozen’ By The Pandemic, And Live Entertainment’s Future Looks Chilly As Well
Broadway Is ‘Frozen’ By The Pandemic, And Live Entertainment’s Future Looks Chilly As Well
May 18, 2020  |  Retail

Summer looms, and for those who had hoped for some return to normalcy — baseball games, movies, trips to New York City to see well,...

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Tide Capital Now Able To Distribute BBLS Loans To SMBs
Tide Capital Now Able To Distribute BBLS Loans To SMBs
May 18, 2020  |  B2B Payments

Tide Capital, now accredited as a lender, will have the authority to distribute loans between £2,000 and £50,000 during the coronavirus pandemic to struggling businesses....

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Today In Payments: Grubhub Says No Deal, But Negotiations Continue; SoftBank Posts $18B Loss As Jack Ma Exits Board
Today In Payments: Grubhub Says No Deal, But Negotiations Continue; SoftBank Posts $18B Loss As...
May 18, 2020  |  News

In today’s top news, Grubhub says “no deal” to Uber, but negotiations continue. Meanwhile, SoftBank posts $18 billion in losses after Jack Ma resigns, and...

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