PYMNTS

JANUARY 30, 2020

This will help reduce the unnecessary risk of virus exposure or transmission, and is the most prudent measure to take while we continue to closely monitor the situation in China,” said Michael Mullen, Kraft Heinz spokesman. Ford, JPMorgan and Kraft Heinz have all instituted travel bans to China. Oreo cookie maker Mondel?z

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PYMNTS

APRIL 8, 2020

Those looking for a loan outside of the government’s Paycheck Protection Program (PPP) won’t find it from JPMorgan Chase , which has decided to focus solely on that program due to a huge amount of requests over the past few days, according to the Financial Times. The bank, which is the largest in the U.S.,

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PYMNTS

FEBRUARY 1, 2019

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. percent, continuing a trend. Data released on Friday (Feb.

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PYMNTS

NOVEMBER 9, 2020

Simon Properties continues to defy the odds, posting a pandemic-depleted but profitable quarter Monday (Nov. We continue to improve our company through innovative investment opportunities, which, when combined with our A-rated balance sheet, sets us apart and allows us to redefine the future.”. We have withstood government shutdowns.

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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. Schools and universities will be allowed to continue to operate, but all bars and restaurants must close except for takeout and delivery.

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PYMNTS

JULY 15, 2020

Brainard said the economy’s apparent well-being in June was mostly artificial, stemming from the efforts from the government such as the CARES Act to keep the economy afloat during the lockdown period. businesses closed forever between March and May due to the pandemic’s shutdowns.

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PYMNTS

APRIL 23, 2020

The coronavirus pandemic continues to rock the country, as another 4.43 More than 22 million jobs have been lost in the month since the pandemic began, as governments and businesses have been forced to enact shutdowns and stay-at-home orders, negating gains in the job market made since the Great Recession.

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PYMNTS

AUGUST 30, 2020

But more local and regional parks have come to see it as a boon — with the travel shutdown, parks that didn't used to even meet full capacity are now enjoying more fruitful activity, according to WSJ. An attempt by the government to quell new parks from cropping up ended up failing.

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PYMNTS

NOVEMBER 25, 2020

economic recovery has continued as Americans keep on spending on consumer goods. That’s even while household income likely declined as the effect of pandemic stimulus programs faded and Congress failed to enact new government aid programs. triggering various lockdowns and business shutdowns across the nation.

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PYMNTS

DECEMBER 27, 2020

In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. and the anticipated hard shutdown will take place Jan. Miami Mayor Francis Suarez might want to make his city a hub for crypto at the government level, a report from CoinDesk says. 10, 2021 at 1 p.m.,

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PYMNTS

JUNE 19, 2020

Finance reported. “Many small businesses will continue to struggle in the weeks and months to come,” Senator Ben Cardin (D-Maryland) told Yahoo. The lawmakers say the nation’s small businesses continue to struggle as the shutdown continues. “In In the House, U.S.

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PYMNTS

JUNE 26, 2020

With the new venture, the money will go toward hopefully offsetting some of the financial damage incurred by firms after the shutdowns imposed by most governments, intent on slowing the spread of the highly infectious virus. As in the U.S.

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PYMNTS

SEPTEMBER 21, 2020

And nearly a quarter of SMBs (24 percent) report their financial situation has improved since COVID-19’s dark early days when widespread shutdowns were taking effect. economy hit another round of shutdowns as summer gives way to fall and colder temperatures sweep the country. But the good news comes with a few caveats.

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PYMNTS

DECEMBER 23, 2020

Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic. in the first quarter. so far this year.

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PYMNTS

MARCH 30, 2020

landlords are threatening to sue merchants who haven’t paid their rent because of government-mandated shutdowns due to the COVID-19 outbreak. At issue is the landlords continue to have their obligations to meet. Meanwhile, in the U.K., The rents help pay those bills.

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PYMNTS

NOVEMBER 1, 2020

Apple Chief Financial Officer Luca Maestri said the reason was “the continued uncertainty around the world in the near term.”. Germany and France have enacted significant shutdowns expected to last about a month. Germany and France have enacted significant shutdowns expected to last about a month. In the U.S.,

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PYMNTS

FEBRUARY 1, 2019

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. percent, continuing a trend. Data released on Friday (Feb.

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PYMNTS

AUGUST 4, 2020

What Visa witnessed worldwide within the pandemic’s first 60 days of shutdown was SMBs embracing new channels during “that really critical time,” he said. But Phalen said that what is surprising is how good SMB owners worldwide are feeling as they come out of mandated shutdowns and more or less get back to business.

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PYMNTS

AUGUST 31, 2020

The government agency said shutdowns imposed to prevent the spread of the coronavirus since late March caused the decline, the worst it has been in two dozen years. While much of the country has seen coronavirus restrictions lifted, the economy is expected to continue to struggle.

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PYMNTS

JULY 10, 2020

And the country is codifying hospitality by offering 12-month travel documents via a “stamp concept” that is “now being refined for promotion,” according to the government. Globally, a four-month tourism shutdown could produce some $1.2 trillion in gross domestic product (GDP) losses, according to a U.N.

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FICO

JANUARY 22, 2019

The longest government shutdown in US history is also a historic opportunity for banks, fintechs and bank challengers to show they’re serious about helping customers. FIs can make an even more flexible range of options available to their customers employed by the federal government.

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PYMNTS

NOVEMBER 23, 2020

Now, amid the coronavirus crisis, many of those SMBs are getting hit even harder as supply chain disruptions, sluggish business and shutdowns have created a ripple effect of delayed invoice payments. The publication also pointed to limited effectiveness of government initiatives designed to combat late payments as another contributor.

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PYMNTS

OCTOBER 21, 2020

The trends toward modernizing the banking system were only accelerated by lockdowns and shutdowns of brick-and-mortar locations. “If That shift has underscored the banking sector’s need to have a robust and resilient tech infrastructure in place to allow banks to continue to function and continue serving customers.

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PYMNTS

MAY 4, 2020

At one nursing home, a lawsuit alleges that the home failed to protect residents from the virus by continuing to hold group events. More than 770 lawsuits are piling up against hospitals, nursing homes, gyms, airlines and cruise lines in the U.S. s Daily Mail.

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PYMNTS

DECEMBER 27, 2018

The ECB noted that underlying inflation is forecast to increase on a gradual basis over the medium term, supported by its monetary policy measures, continued economic expansion and increasing wage growth. “Global inflationary pressures are expected to rise slowly as spare capacity diminishes.”

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PYMNTS

SEPTEMBER 12, 2019

And additional retail bankruptcy filings are expected in the second half of the year, while brick-and-mortar stores will continue to close at a higher rate, according to a report by professional services firm BDO USA LLP. Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018.

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PYMNTS

SEPTEMBER 30, 2019

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. It will continue operations in Mexico and Latin America, the article said. The company said it will close a large number of physical stores worldwide, CNBC reported on Sunday (Sept.

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PYMNTS

FEBRUARY 6, 2019

trillion, despite threats from a trade war with China and the recent government shutdown. “We The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds. The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds. percent and 4.4

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PYMNTS

MAY 29, 2018

The Post-Courier reports that in Papua New Guinea, users of the social media giant will have to get their feeds and updates and funny videos elsewhere, as a month-long shutdown looms. We cannot allow the abuse of Facebook to continue in the country. The country has only 8.4

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PYMNTS

SEPTEMBER 7, 2020

These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the COVID-19 pandemic and efforts to contain it,” the BLS said in its report. As a result, the unemployment rate fell to 8.4

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PYMNTS

MARCH 23, 2020

While CUs have never dealt with anything quite like this or at this scale, they have been on the ground for wildfires in California, hurricanes across the southeast and the government shutdown a year ago that resembled the current crisis in many key ways. Moving Forward.

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PYMNTS

SEPTEMBER 7, 2020

At the commencement of 2020, the commercial card was continuing to find its footing in a world of B2B payments in which supplier acceptance remained limited. Amid these controversies, smaller commercial card FinTech startups like Brex continued to add new competition into the market. Winter Blues. Spring’s SMB Support.

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PYMNTS

SEPTEMBER 28, 2020

At the height of the pandemic, shutdowns led to many firms closing their doors, and even with restrictions easing, many companies will never recover. With economic uncertainty and volatility expected to continue, in the world of B2B commerce, late payments and cash flow constraints will be the new normal for many companies.

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PYMNTS

JANUARY 23, 2019

The data from China is less than stellar, showing the slowest pace since about 1990 – and the lingering government shutdown in Washington, D.C. These plans could be the type that add to staffing counts and may tie into software upgrades – and it all translates into a ripple effect that can lead to continued problems servicing debt.

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PYMNTS

DECEMBER 24, 2020

From a strictly retail perspective, however, the digital shift produced three major trends, presented here with quotes from executives that appeared on our pages: direct-to-consumer sales, the continued decline of malls and department stores and the accelerated growth of Amazon, Target and Walmart. D2C Explodes. That dropped to 44.4

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PYMNTS

AUGUST 6, 2020

recovery shifts into rockier territory amid an uptick in infections that has some regions shifting back toward shutdowns. But will they continue to surge? Roberts said that doesn’t mean the federal government shouldn’t send individuals stimulus checks. It’s been another busy week in the world of payments and commerce as the U.S.

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PYMNTS

AUGUST 20, 2020

He said digitized classes have served as a stopgap measure during pandemic-related shutdowns, but that home workouts don’t fully replicate the in-studio experience. Beyond working with providers, ClassPass has also expanded its work on providers’ behalf with government entities to attempt to help bring relief into the industry.

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