as well. Consumer spending rates and personal income may continue to dip even lower without government aid in sight, which could spell trouble for retailers and payments players as the holiday season approaches.
Because stimulus payments could uplift the entire payments ecosystem, the confusion over what's next could sow challenges. A second release of stimulus payments would be important for retailers in the coming weeks. Retailers benefited from the boost in consumer spending resulting from the first round of stimulus payments: Walmart posted strong results, for example, as US same-store sales grew
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Don’t count on Stimulus payments. Neither party are interested to deliver. Americans with unemployment and uninsured are going to face consequences, so am I.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Instagram star @MrsDowJones shares an inside look at a day in her life - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the heated debate over TikTok rival Triller's user count - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump calls on Congress to approve direct payments hours after ending stimulus negotiations - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Trump is high on drugs. Literally Can SOMEONE DO A DAMN WELLFARE CHECK ON realDonaldTrump !!! cnn tyt rolandsmartin briantylercohen dpakman Morning_Joe he is off his meds..get a straight jacket
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks suddenly drop after Trump calls off stimulus talks, Dow down 200 pointsStocks were lower after President Donald Trump instructed White House officials to halt negotiations on further coronavirus stimulus. Duh! The guy that touted his negotiating skills in 2016 couldn’t work a deal with the Dems now or even try with BLM over the last few months. Hey MAGA has it sunk in yet that you’ve been duped? The rest of us figured it out years ago. Shooting yourself in the foot to own the libs. A relief package could've been a big win for everyone, instead this likely sealed it for the Dems. Biden2020
Source: CNBC - 🏆 12. / 72 Read more »
Dow closes more than 300 points lower after Trump calls off stimulus, causing sudden drop in stocksStocks dropped suddenly today, giving up earlier gains, after President Trump called off stimulus talks in Washington. The Dow tumbled 1.34%. The S&P 500 slid 1.4%. The Nasdaq fell 1.57%. Trump and Republicans care more about pushing and Supreme Court seat than helping the tens of millions of Americans suffering from COVID-19 that the GOP downplayed for months. That's why I'm voting Democrat down the ballot. Trump is the biggest manipulators of all free markets. How many of his family members and friends had puts before that announcement? All of them.
Source: CNBC - 🏆 12. / 72 Read more »