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How Consumers Spent their Stimulus

The National Bureau of Economic Research (NBER) recently released its findings showing how U.S. consumers used their one-time $1200 stimulus payments, including the $500 per

Walmart Sales Soar

Sales for megastore Walmart have soared as the company takes advantage of increased e-commerce traffic during the coronavirus pandemic. Sales in the second quarter rose 9.3

Retail Sales Rise Along with Coronavirus Cases

Retail sales have increased in July despite an increase in Coronavirus cases. In U.S. households, retail spending has increased by 1.2 percent in July. This increase puts

Carvana Sells More Cars Amid Pandemic

The changing conditions of shopping, spurred by the coronavirus pandemic, has led to new interest in online retailer Carvana. Carvana, an online-only car retailer, is

Apple Acquires Canadian Payment Processing App

Apple bought a contactless payment processing app called Mobeewave for $100 million. The app currently allows customers to tap their credit card or smartphone to the

Consumer Spending Climbs in June

On July 31, the Bureau of Economic Analysis released its June 2020 update regarding personal income and expenditure data throughout the U.S. economy. The good

Google Set to Invest $450 Million in ADT

ADT announced August 3 that Google will invest $450 million into the company. The deal will create a long-term partnership between the companies to develop

The Future of Debt Collection

Financial Services Committee Holds Hearing on Interactions Between Consumers and Debt Collectors On Thursday, September 26, the House Financial Services Committee held a hearing titled

Multi-Currency Card Now Available in US

A debit card that facilitates automatic transfers between different currencies recently launched in the United States. The TransferWise debit card can send and receive money

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