economy

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

Bank Of America CEO: Stimulus Package Is Coming Together
Bank Of America CEO: Stimulus Package Is Coming Together
May 01, 2020  |  Coronavirus

The CEO of Bank of America said the impact of the $2.2 trillion in federal relief is beginning to reap benefits. Get the Full Story...

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Top Trump Advisor Larry Kudlow: Q2 Will Be Even Worse
Top Trump Advisor Larry Kudlow: Q2 Will Be Even Worse
May 01, 2020  |  Economy

National Economic Council Director Larry Kudlow said he expects the impact of the coronavirus pandemic will bring even more economic pain through June. Get the...

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COVID Crisis Pushes Nearly 4M US Mortgages Into Forbearance
COVID Crisis Pushes Nearly 4M US Mortgages Into Forbearance
May 01, 2020  |  Economy

Nearly 4 million U.S. home mortgages — or 7.3 percent of the total — have entered into “forbearance” programs with their lenders as the COVID-19...

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Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process Half-Million Loan Applications
Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process...
May 01, 2020  |  News

In today’s top news, the U.S. savings rate surged in March due to the shaky coronavirus economy, and big banks have processed almost 500,000 applications...

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Next-Gen Debit Steps Up
Next-Gen Debit Steps Up
May 01, 2020  |  Next-Gen Debit

Among the fascinating findings in PYMNTS’ ongoing surveys of Main Street SMBs during the pandemic is this: A majority of small businesses that did not...

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Savings Rate Surges To Highest Level In 39 Years
Savings Rate Surges To Highest Level In 39 Years
May 01, 2020  |  Banking

The shaky coronavirus economy has promoted people to sock money at levels not seen since 1981. Get the Full Story Complete the form to unlock...

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PPP’s Banker Versus Borrower Dilemma
PPP’s Banker Versus Borrower Dilemma
May 01, 2020  |  SMBs

Since the launch of the Paycheck Protection Program (PPP) in early April, the single-minded focus of the U.S. Treasury, the banks approved to process PPP loans and...

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NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart
NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart
May 01, 2020  |  Coronavirus

  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

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States, Cities Want $1 Trillion To Avoid Layoffs
States, Cities Want $1 Trillion To Avoid Layoffs
April 30, 2020  |  Economy

Democratic Congressional leaders are seeking up to $1 trillion in the next coronavirus aid package, a number that will almost surely run into controversy with...

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