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:
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.
Levi's opening NextGen stores with 'Tailor Shops.' Take a look inside. - 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. Still gotta go inside....
Source: BusinessInsider - 🏆 729. / 51 Read more »
The coronavirus pandemic is the best thing that has ever happened to Tesla's business - 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. Maybe Fed Is best thing for Tesla & Co
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump administration's $1.8 trillion stimulus plan: direct payments, unemployment benefits - 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. SpeakerPelosi This isnt good enough? I’m sick of the Democrats.....if we the people are suffering so should the people we employ...namely the House & Senate. Enough is Enough. TermLimits As long as it doesn’t contain unrelated inclusions (needs to be stand-alone, as trump suggested in an earlier tweet) I don’t see why they’d deny this. The problem is the partisan bill inclusions that hold things up
Source: BusinessInsider - 🏆 729. / 51 Read more »