PYMNTS

JANUARY 11, 2019

11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. Federal Reserve Chairman Jay Powell discussed the effects that a long-term shutdown could have on the economy. A longer shutdown is something we haven’t had,” he said. “If As Friday (Jan. On Thursday (Jan.

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PYMNTS

JANUARY 17, 2019

Add federal websites to the fallout from the government shutdown. According to a new report in The Washington Post , with the shutdown now dragging into its 27th day, a growing number of websites operated by the federal government are breaking down. My grandmother, she communicates with friends and gets recipes online.

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PYMNTS

JANUARY 29, 2019

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. And although federal employees will receive back pay now that the government is back at work, most contractors will not.

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PYMNTS

OCTOBER 13, 2020

The plans supported by Modi and his Bharatiya Janata Party, voted on last month, included broad, sweeping changes that dismantled a long-standing regulatory system making farmers sell most of their crops via government-sanctioned wholesale markets which are dominated by traders and middlemen, rather than directly to consumers, according to WSJ.

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PYMNTS

MARCH 23, 2020

Possible home buyers are reportedly expected to delay their purchases and open houses have been called off, as consumers remain in their residences to slow the coronavirus, Yahoo Finance reported. Kapfidze recommends that in the interim that the government extend lenders lines of credit.

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Payments Source

FEBRUARY 14, 2019

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.

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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.

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PYMNTS

JANUARY 9, 2020

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. billion yuan (US$70.4

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Payments Source

FEBRUARY 14, 2019

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.

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Shutdown Rules Regulations Government 60

PYMNTS

AUGUST 4, 2020

To say that consumers have shifted dramatically toward digital commerce — or that small- to medium-sized businesses ( SMBs ) all over the world have been rapidly pivoting to keep up with them — is almost an understatement. The consumer and the small business have to think about safety in ways they would have never done pre-COVID,” he said.

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Payments Source

MARCH 8, 2019

Events like the recent government shutdown present opportunities for banks to help customers when they need it most.

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PYMNTS

APRIL 22, 2020

consumers – found that customers won’t return to anything approaching “normal” shopping until several things happen beyond a simple government go-ahead. It turns out social distancing isn’t just a government order, but is also a real concern to consumers – and a potential hindrance to retail recovery.

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PYMNTS

APRIL 23, 2020

As talk turns to reopening retail it’s becoming painfully clear that the business timeline and the consumer timeline don’t match. It shows that several conditions beyond simple government permission will be necessary for consumers to consider anything approaching non-essential normal shopping behavior. The survey showed that 48.8

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Consumer Returns Shutdown Government 61

PYMNTS

JULY 30, 2020

That’s the biggest drop in the gross domestic product since the government began tracking such data in 1947. Let’s check it out: Shutdowns Beget Mass Unemployment . Given that many Americans also lack enough savings to ride out an extended jobless period, many consumers have sharply curtailed their current spending.

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PYMNTS

OCTOBER 28, 2020

Switzerland reports about a third of intensive care units remain available for now, but they run the risk of filling up completely within the next 10 days if current infection rates persist, Andreas Stettbacher, a government delegate for the country’s Coordinated Medical Services, told Reuters. The Consumer Question.

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PYMNTS

APRIL 18, 2019

American Express, in reporting its latest quarterly results, showed evidence Thursday (April 18) morning that consumer spending remains resilient, even having navigated the bumps of the prolonged government shutdown that came early in the quarter. In terms of headline numbers, revenues, net of interest expense, were up 6.6

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PYMNTS

APRIL 1, 2019

Retail sales fell in February, as consumers curbed their spending and the stimulus from the tax cuts began to disappear. Consumers may have reigned in spending because there has been a delay in processing taxes due to the recent partial government shutdown. percent from January but were 2.2 percent higher than a year ago.

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PYMNTS

MARCH 3, 2019

Amid the biggest drop in consumer spending since 2009, personal incomes in the U.S. But government payments to farmers, as well as a VMware Inc special dividend, had bolstered incomes in December. Consumer spending, however, declined 0.5 And, as government spending and the $1.5 AllianceBernstein Senior U.S.

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PYMNTS

APRIL 20, 2020

PYMNTS’ Navigating the COVID-19 Pandemic: How the Paycheck-to-Paycheck Economy Is Beginning to Buckle reveals that the consumers who have already been hit hard by the epidemic, economically speaking, are bracing for an even harder future. That, according to the government’s data, covers roughly 62 percent of U.S. Of the U.S.

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PYMNTS

JULY 15, 2020

“But I also worry about the psychological impact on consumer confidence.”. 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.

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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 Interoperability is Key — and so are Partnerships .

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PYMNTS

DECEMBER 27, 2018

That comes even with consumer spending and the U.S. In addition to concerns over the stock market, small and medium-sized businesses are being negatively impacted by the partial government shutdown. economy still showing signs of strength.

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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. Data released on Friday (Feb. The numbers, released by the U.S.

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PYMNTS

MARCH 29, 2019

As the latest Credit Union Innovation Playbook shows, credit unions stepped into the uncertainty of the government shutdown earlier this year by offering zero percent interest loans or deferring loan payments. That’s a wise maxim to follow in any business. It’s especially true for financial services.

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PYMNTS

MARCH 28, 2019

If there’s one lesson that credit union (CU) members took away from the 35-day government shutdown earlier this year, it’s that cooperative institutions have their members’ backs. However, CUs offered more than financial relief and products to their members during the shutdown. In fact, 81.3 In addition, 80.6

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PYMNTS

NOVEMBER 9, 2020

We have withstood government shutdowns. Simon was outspoken in his criticism of state and local government for not providing real estate tax relief. So the consumer is starting to come back, they're wearing masks and, with all our protocols we're hopeful that the current trend will continue, but there's certainly no guarantees.

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PYMNTS

JANUARY 30, 2020

z International said it would see a drop in sales , and that two factories will remain closed per the request of government officials. It can also affect consumer confidence in large parts of the market,” he said. Coffee chain Starbucks and Levi’s each closed about half their stores, and said their performance would be affected.

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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. Meanwhile, in the U.K., The Vietnamese noodle chain Pho, Escape Hunt and Caffe Concerto all face possible legal action, according to the Financial Times on Sunday (March 29).

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PYMNTS

JUNE 24, 2020

The United States economy is steadily reemerging from the COVID-19 pandemic-induced shutdown. Governments around the world have launched stimulus programs aimed at supporting the payrolls of businesses forced to scale back or shutter operations during the pandemic. Around The Changing Payroll Landscape.

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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. But consumer demand and manufacturing have not improved, the AP reported. Among the problems is a history of bad lending decisions and poor governance.

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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. Industrial production is often seen as a sign of the beginnings of consumer demand. in the first quarter. so far this year.

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Economy Returns Shutdown Small Business 69

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.,

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PYMNTS

MARCH 30, 2020

Consumer confidence was at an all-time high, and unemployment at an all-time low. Consumer spending was strong, as were their household balance sheets. The construction and manufacturing sectors were the most bullish, as consumers bought new houses and invested in improving the ones in which they were living.

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PYMNTS

FEBRUARY 6, 2019

trillion, despite threats from a trade war with China and the recent government shutdown. “We It’s time for artificial problems like trade wars and shutdowns to end, and to focus on prosperity, not politics.”. We are not seeing any deterioration in the financial health of the consumer,” said NRF Chief Economist Jack Kleinhenz.

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PYMNTS

MAY 7, 2020

Disney, for example, reported earlier this week that it has lost roughly $1 billion each day since the start of the shutdown. Schulman also called attention to PayPal’s critical work in distributing government stimulus funds to both consumers and businesses hit hard by the COVID-19 epidemic. “It

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PYMNTS

JULY 10, 2020

After all, government shutdown orders have in many cases closed eateries for months, forced them to only offer takeout, reduced their dining-room occupancy levels or some combination of all three. Those that do can display a special decal in their doorway so consumers can spot participating restaurants. restaurants.

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PYMNTS

OCTOBER 2, 2019

In digital fraud news, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe as fraudsters become more aggressive. 30,000: Number of free pies that &pizza gave away to furloughed government workers during the shutdown earlier this year. All this, Today in Data.

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