PYMNTS

JANUARY 23, 2019

With the partial shutdown in the Federal government now in its 33rd day, furloughed workers are freelancing with Uber, the ride-hailing company, to shore up cash. With about 800,000 government workers about to miss their second paycheck since the shutdown began, struggling workers are turning to different services to survive.

Governance 46

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PYMNTS

APRIL 5, 2020

economy since it shuttered about three weeks ago. The analysis looked at counties of all sizes and locations to get an idea of how the government shutdown is affecting the nation’s output. The analysis by Moody’s Analytics was done at the request of the WSJ and offers a deep dive into the U.S.

Economy 72

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PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. government Census department put the eCommerce increase from Q1 2020 to Q2 at 44 percent – a total number of $211 billion. The numbers speak for themselves. That dropped to 44.4

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PYMNTS

NOVEMBER 2, 2020

The move has reportedly caused major infighting within Johnson’s Conservative government, as various members of the prime minister’s party have expressed a preference to keep restrictions local and tiered instead of subjecting the entire country to lockdowns. That means whether governments in the U.K.

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PYMNTS

NOVEMBER 1, 2020

Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops and restaurants to close, Reuters reported.

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PYMNTS

APRIL 22, 2019

there has been a bit of groundswell to curb the harm that such late payments may do to small businesses (SMBs) that work with the federal government. representatives introduced legislation that would mandate shorter timeframes for contractor work done for the government. However, in the U.S., Oh, Canada, Too.

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Governance Government Small Business Payments 43

PYMNTS

JULY 15, 2020

will likely dampen the economy as well, Reuters reported. 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. Harker said the impact could be twofold in its damage.

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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. China’s economy returned to growth in the second quarter and is now the only leading economy to show significant growth in 2020, with GDP growing 0.7%

Economy 69

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PYMNTS

MAY 4, 2020

economy since governors began asking their citizens to #stayathome in mid-March, and even well before that. Nearly twice as many consumers are putting more stock into what medical science is telling them will lower their risk of contagion than what governments say is safe to do. Most aren’t in much of a rush.

Economy 83

Economy Consumer Risk Returns 83

PYMNTS

JANUARY 23, 2019

The economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in part by a no-deal Brexit , and fanned by a consistently slowing Chinese economy. The IMF has pointed toward the struggles of emerging economies that borrowed when rates were low, right off the Great Recession.

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PYMNTS

FEBRUARY 28, 2019

economy slowed to an annual rate of 2.6 In the third quarter, the economy grew 3.4 Also hurting economic growth was a pullback in consumer spending due to concerns about a trade war with China and a government shutdown that was the longest in modern history. economy logged growth of 2.9 For all of 2018, the U.S.

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PYMNTS

AUGUST 31, 2020

India’s gross domestic product (GDP) fell by 24 percent in the second quarter (Q2) as the pandemic took its toll on the nation’s economy, according to a press release from the Ministry of Statistics & Programme Implementation (MOSPI). Among the problems is a history of bad lending decisions and poor governance.

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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 27, 2018

27) that the economy on a global basis is headed for a slowdown next year. Reuters, citing the European Central Bank’s regular economic bulletin, reported the European Central Bank said the global economy will stabilize after a slowdown in 2019. economy still showing signs of strength.

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PYMNTS

DECEMBER 20, 2020

The final blow, the Journal reports, may be the wave of government-imposed shutdowns as COVID-19 cases surge in many parts of the country. We’ve got to keep these things afloat because it’s important (not only) for the American economy but (also) the culture of our society and the micro-communities that we live in.”.

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PYMNTS

APRIL 29, 2020

A new study reveals that government-imposed shutdowns and social distancing could cut the economic impact of COVID-19 in half. Without any social distancing, the workforce would be highly impacted, and the economy would contract by as much as 30 percent per month as their industries bore the brunt of the virus, the study found.

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PYMNTS

APRIL 27, 2020

It’s that day that several states, and now the federal government, have set as an unofficial day to begin reopening the economy. Friday, May 1 is shaping up as one of retail’s most important days since the COVID-19 crisis went down. The pressure on cash-strapped retailers is intense and potentially consequential.

Shutdown 77

Shutdown Economy On-Demand Consumer 77

PYMNTS

APRIL 1, 2019

Consumers may have reigned in spending because there has been a delay in processing taxes due to the recent partial government shutdown. That shutdown lasted more than a month and the government is still catching up. The retail sales decline is just the latest signal that the economy could be slowing down.

Consumer 43

Consumer Tax Refunds Shutdown Economy 43

PYMNTS

FEBRUARY 6, 2019

trillion, despite threats from a trade war with China and the recent government shutdown. “We We believe the underlying state of the economy is sound,” NRF President and CEO Matthew Shay said in a press release. The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds.

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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. It’s a move that has been controversial both within Johnson’s own government and beyond. In the U.K., How We Shop Now .

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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. But Cuaca preferred an optimistic outlook. “It

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Shutdown Economy Governance Government 56

PYMNTS

NOVEMBER 1, 2020

Germany and France have enacted significant shutdowns expected to last about a month. In Germany, the government will help businesses with fewer than 50 employees make up as much as three quarters of lost revenue and will help larger companies with assistance allowed under European Union rules. In the U.S.,

Shutdown 67

Shutdown NOV Economy Rules 67

PYMNTS

MAY 8, 2020

More than 78 percent of unemployed workers told the government they expect their layoffs to be temporary, perhaps the silver lining amid the COVID-19 turmoil, CNBC reported. Recovery from the nearly universal shutdown of the economy in late March is likely to be slow, CNBC wrote.

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PYMNTS

MARCH 3, 2019

The moves began the early part of the first quarter by placing the economy on a path of weak growth, Reuters reported. But government payments to farmers, as well as a VMware Inc special dividend, had bolstered incomes in December. And, as government spending and the $1.5 economy slowed to an annual rate of 2.6

Consumer 43

Consumer Economy Shutdown Fed 43

PYMNTS

APRIL 2, 2020

In a virtual talk , “COVID-19 and the Economy,” Neel said policymakers must look to the past and “be less selective this time when deciding whom to help,” according to a report in CNBC. Kashkari said the government typically offers assistance to larger companies. Kashkari was the director of the U.S.

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PYMNTS

AUGUST 3, 2020

The recent news of the GDP crash showed that the economy contracted 32.9 percent, the biggest drop since the government started recording that data in 1947. The crash was caused primarily by people staying at home since March due to the numerous nationwide shutdown orders during the pandemic.

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Shutdown Economy Governance Government 60

PYMNTS

JANUARY 21, 2019

Companies that want to go public during the first part of the year are hampered by a key roadblock: The month-long government shutdown has also shuttered the Securities and Exchange Commission (SEC), which usually works with companies for months before approving an IPO. For example, biotech companies Gossamer Bio, Inc.

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PYMNTS

JANUARY 29, 2019

Still, the AFP said the findings signal optimism despite unfavorable market conditions stemming from the government shutdown, trade disputes and a slowing global economy. 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.

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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. And Hunter noted that, among other factors, retailers are having a harder time getting workers than before.

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PYMNTS

JUNE 19, 2020

Congress must once again act urgently to support our most vulnerable small businesses through this crisis, so our economy can recover as quickly as possible after the pandemic.”. The lawmakers say the nation’s small businesses continue to struggle as the shutdown continues. “In In the House, U.S.

Small Business 91

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PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. The trends toward modernizing the banking system were only accelerated by lockdowns and shutdowns of brick-and-mortar locations. “If Ready for Digital Currencies? .

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Interoperability Digital Currency Cross-Border Regulations 126

PYMNTS

JANUARY 8, 2021

In addition to navigating forced shutdowns and supply chain disruptions, business owners are now tasked with making some difficult decisions about how to keep their business alive, or whether to throw in the towel. There's no doubt that the small business community is facing a period of immense tribulation. Helping SMBs Help Themselves.

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JUNE 10, 2020

government issued in April and May, which could’ve made forbearance less of an issue than it was early in the pandemic. Hochschild said borrowers could have been boosted by the stimulus payments the U.S. Hochschild said the re-enrollment rate in the program was “relatively low” and that many people had only done it one time.

Enrollments 52

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PYMNTS

MARCH 31, 2020

trillion stimulus bill isn’t likely to help businesses that were already feeling a crunch from the economy before the virus. One of the toughest issues is that many companies were already struggling before the virus forced the shutdowns. The industry is in dire need of cash, but the recently passed $2.2

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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.

Small Business 126

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PYMNTS

APRIL 23, 2020

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.

Shutdown 56

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PYMNTS

APRIL 7, 2019

economy showing signs of softness and the Federal Reserve expressing more cautiousness and the decline in ten-year Treasury yields, S&P 500 banks are expected to see year-over-year growth for the first quarter of 2.3 Bank of America and Morgan Stanley report the day after Citigroup and Goldman Sachs. With the U.S. With the U.S.

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