Restaurant dining is not yet in positive territory, but the declines at major U.S. chains are shrinking, according to a press release from NPD Group, a New York-based market research company. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The number of Americans who filed for jobless claims exceeded 1 million last week, but it was down slightly compared to the previous week, the U.S. Department of Labor (DOL) reported on Thursday (Aug. 27). Get the Full Story Complete the form to unlock this...
Salesforce is cutting around 1,000 jobs, or 2 percent of its workforce, despite a massive earnings report that raised the company’s stock, CNBC reported. The cuts come even though Saleforce stock soared 26 percent to a record-high $272.32 Wednesday (Aug. 26). Get the Full Story...
Republican lawmakers are aiming to release a narrower pandemic stimulus bill as soon as this week, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
As a sign that Las Vegas is grappling with bringing customers back, casino revenue on the Strip plunged nearly 40 percent to just over $330 million in July from the previous year. Overall casino revenue in Nevada dropped just under $757 million, marking a 26...
Americans made virtual trips to car showrooms in July as new orders for manufactured durable goods, products lasting three years or more, increased by 11.2 percent, or $23.2 billion, to $230.7 billion, according to a report from the U.S. Census Bureau. Get the Full Story...
The COVID-19 crisis has derailed plans to hold the World Economic Forum’s Davos event in January 2021. The organization announced on Wednesday (Aug. 26) that the invitation-only Annual Meeting 2021 is moving to early next summer. Get the Full Story Complete the form to unlock this...
Retail employment in the U.K. has dropped 45 percent since May in the sharpest fall it has taken since the 2009 recession, the Confederation of British Industry (CBI) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As the approaching colder months are set to make outdoor dining less feasible, and government money dries up, experts are predicting another cycle of restaurant bankruptcies, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
