Coronavirus

Private jet charter flights reportedly experienced a decline of 15% in the first half of this year compared to their peak in 2022. The drop in demand can be partly attributed ...

A new report from the World Bank has good news and bad news about the global economy. The good news, according to the Global Economics Prospects 2024 report issued Tuesday (June ...

As many small- to medium-sized businesses (SMBs) have spent the last year recovering from the impact of the pandemic, mom-and-pop retailers have struggled to regain their footing. By the Numbers The PYMNTS ...

Large players in the grocery industry took advantage of the pandemic’s supply chain problems to raise prices and profits and keep them high. So said the Federal Trade Commission (FTC) in ...

The Internal Revenue Service (IRS) has launched a new program that aims to assist businesses that mistakenly filed Employee Retention Credit (ERC) claims and want to repay the funds they received ...

Following the challenges posed by the COVID-19 pandemic’s transition, a leadership reorganization, a shaky foray into health care, and recent labor issues with pharmacy staff, Walgreens is now going “line ...

The pandemic reportedly did little to close the gap between the rich and the poor. Despite some belief that a robust job market and strong wage gains would bridge the divide, ...

Most Americans are reportedly facing financial challenges as their pandemic savings have dwindled. Beyond the wealthiest 20% of the U.S., Americans have depleted their extra savings and now have less cash ...

The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of the sort of fraud that ...

The British government has seen a spike in the value of fraudulent COVID emergency loans. Figures released Thursday (Sept. 14) by the Department for Business and Trade showed the value of those loans rising by ...

A federal appeals court has upheld a ruling limiting how the White House can communicate with social media platforms. The ruling Friday (Sept. 8) by the U.S. Fifth Circuit Court of Appeals says that President Joe ...

Walmart has launched a new program called Testing and Treatment at its pharmacies in 12 states, according to the retailer Tuesday (Aug. 29). The program allows Walmart pharmacists to test customers ...

The ability to make tough decisions quickly is often the difference between success and failure. After all, if it were easy to be a leader, everyone would be one. “We had 16 ...

Cosmetics maker Revlon has announced the appointment of Elizabeth “Liz” A. Smith as interim CEO of the company, effective Tuesday (Aug. 1). Smith takes over from Debra Perelman, who is stepping down from her role ...

This installment of PYMNTS’ mini-series on consumer behavior popularized during the pandemic focuses on the rise of online grocery purchases. The end of lockdowns did not signal the end of market ...

China’s lifting of COVID restrictions has reportedly not been enough to support consumer spending. Domestic travel spending remains 16% below pre-pandemic levels, home sales are slower than normal and car sales have fallen ...

India’s Ministry of Health and Family Welfare is investigating what it called baseless reports of a data breach of its COVID vaccine database. The ministry said it has seen reports of ...

Private equity-backed Envision Healthcare has filed for bankruptcy, citing COVID, inflation and clashes with insurers. The Tennessee-based company, backed by investment giant KKR, announced in a Monday (May 15) press release ...

Federal officials have charged 18 people in a wide-ranging series of COVID fraud cases. The defendants are accused of taking part in a variety of schemes to exploit healthcare services during ...

Most of the world’s developing economies saw foreign exchange reserves dwindle during the COVID-19 pandemic. That’s according to a report Sunday (April 9) by the Financial Times (FT), citing fDi Markets ...

Americans are still working less than they did before the pandemic. The percentage of Americans working remains a percentage point lower than it was in February 2020, and the number of ...

China’s PDD Holdings is the latest company feeling the effects of the country’s COVID recovery. On Monday (March 20), the eCommerce firm released quarterly and full-year earnings showing its revenues increasing, driven primarily by online ...

China’s consumer spending hasn’t seen the surge many expected after the lifting of COVID-19 restrictions. In recent comments, the CEOs of eCommerce firms JD.com and Alibaba said the country’s consumer spending ...

Retailers looking to reduce shoplifting should require customers to remove face masks when entering the store. So said New York City Mayor Eric Adams on Monday (March 6) during two separate ...