Recession

US Jobless Claims Expected To Be Highest Ever
US Jobless Claims Expected To Be Highest Ever
March 25, 2020  |  Coronavirus

The initial jobless claims report to be released Thursday (March 26) is predicted to show that due to the coronavirus pandemic, the largest number of Americans...

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Equipment Order Slide Hints At Business Caution, Recession
Equipment Order Slide Hints At Business Caution, Recession
March 25, 2020  |  Economy

Looking at economic indicators – those signposts that show where we are, as a nation, and where we’re headed – February was tough. March and beyond...

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US Economy Could Lose 5M Jobs In COVID-19 Fallout
US Economy Could Lose 5M Jobs In COVID-19 Fallout
March 22, 2020  |  Coronavirus

The newest estimate as to the total number of jobs that will be lost because of the coronavirus sits at around 5 million, according to...

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Uber CEO Sees Cash Position As Downturn Defense
Uber CEO Sees Cash Position As Downturn Defense
March 20, 2020  |  Ridesharing

In business, cash is king. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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BoA Says US Economy Has Entered Recession
BoA Says US Economy Has Entered Recession
March 19, 2020  |  Economy

Bank of America (BoA) said it’s clear America has entered a recession caused by the coronavirus and its effect on the nationwide economy, according to...

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Debt Protection Costs Lowest Since Pre-Recession
Debt Protection Costs Lowest Since Pre-Recession
February 20, 2020  |  B2B Payments

Those looking to insure against some of the globe’s largest corporate borrowers are in luck: The debt protection cost has dropped to its lowest point...

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South Korea Braces For Coronavirus-Caused Recession
South Korea Braces For Coronavirus-Caused Recession
February 19, 2020  |  International

South Korea may be in danger of a recession in the wake of the deadly coronavirus because of its China-dependent economy, President Moon Jae-in warned....

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Today In Payments: Alibaba’s Loans For Coronavirus-Affected Firms Near $3B; Japanese Sales Tax Triggers 6 Pct Economic Contraction
Today In Payments: Alibaba’s Loans For Coronavirus-Affected Firms Near $3B; Japanese Sales Tax Triggers 6...
February 18, 2020  |  News

In today’s top news, Alibaba has made almost $3 billion in loans available for companies hurt by the coronavirus, and Japan’s recent sales tax triggers...

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This Week In Payments: Davos, China X-Border Commerce And Talk To (And Pay With) The Hand
This Week In Payments: Davos, China X-Border Commerce And Talk To (And Pay With) The...
January 24, 2020  |  Global Payments

While there was no shortage of goings on this week, the eyes and ears of the payments, commerce and finance enthusiasts were more likely trained...

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