economy

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

Senators Look To Extend PPP Loans To Include More SMBs

Senators Look To Extend PPP Loans To Include More SMBs
Senators Look To Extend PPP Loans To Include More SMBs
June 10, 2020  |  Loans

A group of Democratic senators has introduced a new Paycheck Protection Program (PPP) for small businesses with 100 or fewer employees, including sole proprietorships and...

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eCommerce Helps Women Hard Hit By India’s Shutdowns
eCommerce Helps Women Hard Hit By India’s Shutdowns
June 10, 2020  |  Cross-border Payments

When India moved to formally shut its economy down by closing workplaces and other public spots over COVID-19, over 120 million Indians lost their jobs....

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Mnuchin: PPP Kept ‘Tens Of Millions’ Employed
Mnuchin: PPP Kept ‘Tens Of Millions’ Employed
June 10, 2020  |  Economy

The Paycheck Protection Program (PPP) has supported over three-quarters of the small- to medium-sized business (SMB) payroll in 50 states, Treasury Secretary Steven Mnuchin said...

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Fed Expects 6.5 Pct Drop In GDP This Year
Fed Expects 6.5 Pct Drop In GDP This Year
June 10, 2020  |  Economy

The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released economic projections for the next few years, showing that the gross domestic...

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Starbucks Fast Tracks Curbside Pickup In Face Of Expected Q3 Loss
Starbucks Fast Tracks Curbside Pickup In Face Of Expected Q3 Loss
June 10, 2020  |  Earnings

As a result of the COVID-19 health crisis, Starbucks anticipates a loss of for its fiscal third quarter as it forecasts a loss in revenue...

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Discover: 80 Pct Of Cardholders In Forbearance Paid On Accounts
Discover: 80 Pct Of Cardholders In Forbearance Paid On Accounts
June 10, 2020  |  Payment Methods

Roger Hochschild, chief executive officer for Discover, said most of their customers no longer have trouble with making payments, Bloomberg reported. Get the Full Story...

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AMC Plans Global Reopening For July
AMC Plans Global Reopening For July
June 09, 2020  |  Economy

AMC Entertainment, the U.S. theater chain, reported a decline in earnings for the first quarter ending March 31, with a $941.5 million drop in revenue....

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US Hiring Hit Rock Bottom In April As Coronavirus Downturn Deepened, JOLTS Report Shows
US Hiring Hit Rock Bottom In April As Coronavirus Downturn Deepened, JOLTS Report Shows
June 09, 2020  |  Economy

New hiring fell to an all-time low in April as coronavirus lockdowns took a steep toll on economic activity across the United States, according to...

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