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Bar Owner Supports Staff By Removing $3K From The Walls

PYMNTS

After officials had implemented stay-at-home mandates and restricted restaurants to eateries providing just takeout and delivery amid the COVID-19 pandemic, The Sand Bar in the Georgia resort destination of Tybee Island was forced to close. Some of the bills had originated from nations around the world.

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JPMorgan: GDP Could Drop 40 Percent, Unemployment Could Reach 20 Percent

PYMNTS

JPMorgan Chase has dimmed its view of the future yet again, now saying the nation’s gross domestic product (GDP) could sink by as much as 40 percent in the second quarter due to the coronavirus pandemic, according to CNBC. That’s an increase from the already-dire 25 percent drop JPMorgan previously predicted.

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Authorities Bust 20 In Alleged International Malware Scam Ring

PYMNTS

The investigation involved an international police operation called 2BaGoldMule, which involved agents from Spain, Italy, Bulgaria and Latvia who searched over 40 homes. The United Nations reported that up to $2 trillion is laundered every year, which comes out to about 5 percent of the global gross domestic product (GDP).

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SMBs Accuse Kabbage Of Abruptly Canceling Credit

PYMNTS

Georgia-based Kabbage claims it has provided small business borrowers with over $9 billion in loans as of its 2009 establishment. The firm was also reportedly “completely” shutting down operations in Bangalore, India. The company has furloughed workers as it deals with decreased spending at small companies.

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Bitcoin Daily: Argentina's Crypto Exchanges See Record Growth In 2020; JD.com Sees 20,000 Digital Yuan Transactions In 24 Hours

PYMNTS

This is bigger than the 2017 spike on operations and on demand.". Suzhou, located in East China's Jiangsu Province, is at the frontlines for China's push to enact a national digital currency. on Friday (Dec. 11), according to a report from the Global Times. has surpassed 5,000 locations.

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Retailers Wary Of Opening As Some States Restart Economies

PYMNTS

are some of the large national chains noting they will not partake in the early phase of reopening in places like South Carolina and Georgia per The Wall Street Journal. Georgia is letting some companies such as bowling alleys and hair salons reopen Friday (April 24). TGI Fridays Inc. , and Macy’s Inc.

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ERC for Banks – Told You Are Not Eligible? Find Out

South State Correspondent

We work with well-known national CPA firms that specialize in working with banks specifically to claim their ERC tax rebate. Instead of just the revenue test, where most CPA firms focus, our approach targets the total or partial suspension of operations aspect of ERC eligibility. We have also helped banks in other states.

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