PYMNTS

JUNE 4, 2020

We’ll do what it takes to help this key part of New York City, its economy, the wellspring of the livelihood of hundreds of thousands of New Yorkers, to come back strong,” the mayor said, according to Bloomberg. Restaurants are a key part of New York City’s economy, de Blasio said Thursday (June 4) at a press briefing, Bloomberg reported.

Shutdown 52

Shutdown Economy 52

PYMNTS

MARCH 8, 2020

corporate debt at all-time highs and the size of the so-called triple B segment (companies just above junk status) also sitting at that height, sudden shocks to the economy could end up putting companies at a greater risk of downgrade, disrupting cash flow. February’s widening is the largest the index has seen since December 2018.

Shutdown 52

Shutdown Economy Treasury Continuity 52

PYMNTS

NOVEMBER 22, 2020

That means economic activity for months post-vaccine will be compared with months that fell during the depths of the COVID-19-related shutdowns beginning in March 2021. adults planned to get flu shots in 2018 even though 60 percent thought getting them was a good idea.

Consumer 67

Consumer Fed Shutdown On-Demand 67

PYMNTS

NOVEMBER 3, 2020

The shutdowns are on in the European Union as COVID-19 cases rise and local leaders work overtime to bend back the curve because their hospital ICU beds are outstripped by the exploding number of new cases. is far from the only continental player tapping into shutdowns. In the U.K.,

Shutdown 58

Shutdown Consumer Use Case Wires 58

PYMNTS

APRIL 16, 2019

Chief Executive Brian Moynihan cited demand for credit from middle-market business, and noted that was “good news for the economy overall.” economy slow in the near future. Bank of America has demonstrated for years now that we can grow well in an economy that is just growing moderately,” he told reporters on a conference call.

Zelle 61

Zelle Transactions P2P Mobile Banking 61

PYMNTS

JANUARY 29, 2019

Businesses built up their cash reserves throughout 2018, researchers found, and did so at a faster pace in Q4 2018 than they had done in the previous quarter. Still, the AFP said the findings signal optimism despite unfavorable market conditions stemming from the government shutdown, trade disputes and a slowing global economy.

AFP 46

AFP Shutdown Disputes Governance 46

PYMNTS

MAY 18, 2020

In New York City, Broadway’s shutdown portends a series of ripple effects, all of them massive headwinds for travel and tourism — specifically hotels, restaurants and airlines. Thomas Schumacher, president and producer of Disney Theatrical Productions, blamed the closing on the “industrywide shutdown and resulting economic fallout.”.

Shutdown 57

Shutdown Returns Product Economy 57

PYMNTS

SEPTEMBER 12, 2019

Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6 percent from the month prior — the weakest sales performance since December 2009.

Shutdown 54

Shutdown Economy Continuity Governance 54

PYMNTS

MAY 6, 2019

The news came in the company’s annual report, as it had announced last year that it was doing the voluntary shutdown at some point. Apple posted $266 billion in total revenues for 2018, reports noted. “At The bank’s Russian arm said in the report that sanctions from the U.S.

Shutdown 43

Shutdown Central Bank Privacy Consulting 43

PYMNTS

JANUARY 15, 2019

At the same time, it was reported that companies and analysts might not know how the industry is faring as the government’s December retail sales report has been pushed back because of the government shutdown.

Federal Reserve 46

Federal Reserve Shutdown Economy Governance 46

PYMNTS

JUNE 16, 2019

points to 105 in May, surpassing pre-shutdown levels. The small business half of the economy is leading the way, taking advantage of lower taxes and fewer regulations, and reinvesting in their businesses, their employees, and the economy as a whole.”. New data showed that small business optimism rose 1.5

Small Business 41

Small Business Shutdown Economy Volume 41

PYMNTS

APRIL 29, 2019

Only 14 percent of small and medium-sized business CEOs said they expect an improvement in the future growth of the economy. Golub said in a statement that middle-market businesses that sell primarily in the domestic market fared particularly well, even through January’s government shutdown. Golub Altman CEO Lawrence E.

PayPal 67

PayPal Small Business Ransomware Shutdown 67

PYMNTS

APRIL 8, 2019

economy in March, beating analyst expectations and demonstrating a big bounce back from an unusually weak February. economy right now,” Luke Tilley, chief economist at Wilmington Trust, told The New York Times. On the upside, it is less than the 56,526 jobs cut in the retail segment during the same quarter in 2018.

Blocks 59

Blocks Economy Shutdown Automation 59

PYMNTS

FEBRUARY 7, 2019

30 but was delayed because of the government shutdown that ended on Jan. Now, the “Initial Gross Domestic Product for the 4th Quarter and Annual 2018” will finally be released on Feb. The agency revealed that this cycle will be condensed to two estimates for the fourth quarter and annual estimates of 2018. 28 at 8:30 a.m.

Shutdown 40

Shutdown Governance Government Product 40

PYMNTS

DECEMBER 24, 2020

And, of course, 2020 was the year that proved everyone’s predictions wrong (except Webster’s, actually, who predicted a banner year for the connected economy and ended up being more spot on than she could have realized at the time). And the changes, now in place, aren’t moving. There’s only going home.

Economy 82

Economy Consumer Shutdown Transactions 82

PYMNTS

MARCH 11, 2019

jumped in the last month of 2018 as sales plummeted the most in three years. The report for December was delayed due to the government shutdown that lasted five weeks and ended in late January. percent during the last month of 2018 while sales at wholesalers dipped 1 percent and sales at manufacturers declined 0.2

Shutdown 43

Shutdown Governance Government Product 43

PYMNTS

JULY 7, 2020

Then, just when everyone was really making money again, along comes COVID-19, wiping out the economy yet again, and within recent living memory no less. shutdown and trade war with China,” the Tracker states. “He It’s unheard of and makes dependable debit the belle of the ball once again as people consider the upcoming winter.

Credit Cards 54

Credit Cards Debit Card Push-to-Card Card Issuer 54

PYMNTS

FEBRUARY 14, 2019

As consumers contained their spending at the end of 2018, a consumer spending indicator posted its biggest decline in a decade. have recently showed robust sales but consumer confidence has taken a hit with the government shutdown as well as uncertainty around the markets. Retail sales fell by 1.2 Overall, retailers in the U.S.

Shutdown 43

Shutdown Adjustments Governance Government 43

PYMNTS

OCTOBER 20, 2020

Analyzing its findings, PYMNTS CEO Karen Webster wrote this week that, “[Long] after much of the physical economy [has] reopened, we now see a consumer who isn’t simply using apps and connected devices to save time or make the commerce experience safer by using touchless, digital channels. Connected Commerce Calling The Shots.

Consumer 88

Consumer Shutdown Returns Economy 88

PYMNTS

MAY 10, 2018

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. Within the FinTech space, there may be a resurgence of sorts for one firm.

FinTech 49

FinTech B2B Small Business Central Bank 49

PYMNTS

JANUARY 30, 2020

Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. In Italy, consumer confidence in January 2020 grew to 111.8 from 110.8 in December of last year.

Economy 56

Economy Consumer Shutdown Central Bank 56

CB Insights

MARCH 22, 2018

American startup Bird Rides recently raised a $100M Series B to expand its dockless electric scooter service into 50 new US markes by the end of 2018. This improves local economies around areas where bike-sharing is readily available, spurring partnerships with universities and heping solve some 21st century urban sprawl issues.

Shutdown 52

Shutdown Mobile Payments Facilitators Security 52

PYMNTS

MAY 26, 2020

Andrew Cuomo and the state’s Department of Labor, concerns several drivers who decided to apply for New York unemployment benefits after the pandemic decimated their rider bases, and who have yet to see any unemployment money after months of shutdown. The lawsuit asks for those drivers to be paid their benefits immediately.

Shutdown 64

Shutdown Legal Economy Rules 64

PYMNTS

MAY 21, 2020

The company, founded in 2018, has focused since its inception on connecting remote workers with payment solutions. Remote work has become ubiquitous during the pandemic as companies have been forced to deal with shutdowns. gig workers have reported annoyances trying to chase late payments.

Payroll 62

Payroll Ubiquitous Shutdown Economy 62

PYMNTS

JANUARY 17, 2021

It was supposed to be a compelling option for consumers in the connected economy, but the subscription model for automobiles is hitting some speed bumps as BMW and Audi are pulling back on their programs. According to Kelley Blue Book , the Audi Select program was tested in the Dallas-Fort Worth metro area beginning in 2018.

On-Demand 81

On-Demand Shutdown Consumer Finance 81

PYMNTS

MARCH 14, 2019

government shutdown was singled out as a key factor behind a corporate banking slowdown at the start of 2019, according to Citigroup Chief Financial Officer Mark Mason, who took up the position only weeks ago. Reports in the Financial Times this week said the U.S. While insolvency rates remained steady in the U.S.,

Shutdown 43

Shutdown Treasury Cash Management Faster Payments 43

CB Insights

JULY 17, 2018

How are food leaders adapting in 2018? North 3rd Street Market opened in Williamsburg, Brooklyn, in May 2018, just in time for the dreaded L train shutdown. In June 2018, the company opened its first kiosk on the streets of downtown San Francisco. the Future of food report. The kombucha taproom: Cultured South).

On-Demand 69

On-Demand Automation Origination Fed 69

PYMNTS

JANUARY 10, 2019

banks had something to cheer about in 2018: Not one bank went under, putting a spotlight on the strength of the banking market. According to a report in CNBC , citing Calculated Risk, last year was the first time since 2006 that not one U.S. bank failed during the year, and the third time since the Federal Deposit Insurance Corp.

FDIC 61

FDIC Direct Deposit Shutdown Government 61

PYMNTS

JANUARY 17, 2019

Marketplace cited data from Vistage and the Wall Street Journal, whose Small Business CEO Survey published earlier in the month found most CEOs expect economic growth trajectories to stagnate this year, while one-third expect the economy to decline (only 15 percent are anticipating improvements).

Small Business 61

Small Business Research Shutdown Disputes 61

PYMNTS

FEBRUARY 3, 2019

Coming off a strong 2018, small business owners are becoming more conservative in terms of how many investments they make and how many new people they will hire. In January of 2018, that percentage was at 52 percent. Recessions are not made of one firm collapsing, but of many firms cutting back in marginal ways.”.

Small Business 40

Small Business Shutdown Economy Payroll 40

PYMNTS

JANUARY 3, 2020

Few officials visit CES, with only one typically attending in previous years and none last year due to a government shutdown. Elena Hernandez, the spokeswoman for the White House Office of Science and Technology Policy, said Kratsios is expected to discuss the national plan for artificial intelligence (AI), which was started in 2018.

FTC 52

FTC Federal Trade Commission Shutdown Government 52

PYMNTS

JANUARY 3, 2020

Few officials visit CES, with only one typically attending in previous years and none last year due to a government shutdown. Elena Hernandez, the spokeswoman for the White House Office of Science and Technology Policy, said Kratsios is expected to discuss the national plan for artificial intelligence (AI), which was started in 2018.

FTC 52

FTC Federal Trade Commission Shutdown Government 52

PYMNTS

MARCH 20, 2020

percent as measured against 2018. That rather sanguine view of credit came from research conducted before President Trump announced that the Small Business Administration would be on hand to extend as much as $50 billion to small business owners to battle the economic shutdown being caused by the pandemic. represents a peak, up 1.9

Small Business 56

Small Business Shutdown Research On-Demand 56

CB Insights

APRIL 7, 2018

In 2018, assembly lines are so lean they’re integrating a nearly real-time inflow of parts and assembling them as fast as they arrive. The WannaCry ransomware attack caused shutdowns at the Renault-Nissan auto plants in Europe. GE says it will begin testing the Cessna Denali engine for potential flight tests in 2018.

Technology 78

Technology Blockchain On-Demand Automation 78

PYMNTS

MAY 4, 2020

Or at least that was what it estimated in 2018 — a 2020 update of those figures taking into account the tens of millions of Americans out of work, shutdown economy and the general uncertainty about when recovery will begin in earnest, and what that recovery will look like would likely increase that figure.

Push-to-Card 56

Push-to-Card Compromise Laws Agreements 56

PYMNTS

JANUARY 20, 2019

government shutdown as a result of the standoff between President Donald Trump and congressional Democrats now in its fourth week and no clear end in sight, the economic costs are starting to add up and are expected to impact growth during the first quarter. . With the partial U.S.

Shutdown 51

Shutdown Federal Reserve Governance Government 51