The supply chain has withstood its crisis stress test, as seen in the maintenance of inventory by Overstock.com, most supermarket products and the resumption of Chinese manufacturing. But it looks like retail’s supply cousin – demand – is the next domino to fall. Get the...
The International Olympic Committee (IOC) and Japanese Prime Minister Shinzo Abe have moved to postpone the Tokyo summer games until 2021, according to a joint statement from the IOC and the Tokyo 2020 Organizing Committee on Tuesday (March 24). Get the Full Story Complete the...
Amid the COVID-19 pandemic, Amazon said it has halted seller accounts in the thousands for overcharging. The eCommerce marketplace operator said it has taken down much more than 500,000 offers and put a hold on over 3,900 U.S. selling accounts for going against its fair...
As U.S. consumers rush around in search of hand sanitizer amid the coronavirus, distillers nationwide are using their supply of alcohol to make the product. American demand for the product pulled out ahead of supply weeks in the past as consumers bought up supplies and...
Shuttered businesses and missed paychecks are causing panic across the mortgage industry as the coronavirus cripples finances for struggling homeowners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The way we live — the very ways in which we work, and learn, and spend leisure time, and of course, shop — have shifted markedly over the last several weeks. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Here are the latest updates on the impacts of the coronavirus from around the world. 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 our daily newsletter,...
To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals” with payments. With passing of the draft legislation, legal adults would receive $2,000 and $1,000 would be provided for each...
Peer-to-peer (P2P) lending platforms in the U.K. are asking the government for help to continue lending after the coronavirus has ravaged markets around the world, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and...
