Consumer Spending

Today In Payments: China’s Tech Regs Focus On Data; ID Fraud Delays US Tax Refunds

Today In Payments: China’s Tech Regs Focus On Data; ID Fraud Delays US Tax Refunds
Today In Payments: China’s Tech Regs Focus On Data; ID Fraud Delays US Tax Refunds
June 14, 2021  |  News

In today’s top news, China is targeting data control in its latest Big Tech regulations, and a hike in identity fraud has delayed many tax...

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PYMNTS Data Brief: Nearly One-Quarter Of Past, Current Crypto Owners Have Paid With It
PYMNTS Data Brief: Nearly One-Quarter Of Past, Current Crypto Owners Have Paid With It
June 14, 2021  |  Cryptocurrency

Wherever one comes down on the debate around cryptocurrency as an investment, a currency or a hybrid of both, it’s captured the public imagination in...

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BoA Head Moynihan: Consumer Spending Up, Fed Accommodation Should Go Down 
BoA Head Moynihan: Consumer Spending Up, Fed Accommodation Should Go Down 
June 14, 2021  |  Economy

Consumer spending is 20 percent higher this year than 2019, a signal Bank of America (BoA) CEO Brian Moynihan told CNBC is a sign that federal accommodation...

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May Retail Sales Will Support Or Refute NRF’s Optimistic Outlook
May Retail Sales Will Support Or Refute NRF’s Optimistic Outlook
June 14, 2021  |  Retail

By this time Tuesday (June 15), economists, investors and retail industry watchers will know exactly how fast the consumer shopping surge grew last month after...

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US Airports See 2 Million Per Day Friday, Saturday As Travel Makes Comeback
US Airports See 2 Million Per Day Friday, Saturday As Travel Makes Comeback
June 13, 2021  |  Travel Payments

Some 2,028,961 travelers moved through U.S. airport security lines Friday, according to the federal Transportation Security Administration. The figure represents the first time the number...

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Boomers To Boost Spending On Luxury Goods, Healthcare
Boomers To Boost Spending On Luxury Goods, Healthcare
June 13, 2021  |  Consumer Insights

Senior citizens, a demographic whose spending was significantly curtailed by the pandemic, are expected to spend substantially across a number of sectors as COVID-19 restrictions...

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Today In Retail: Faire’s Fundraise Increases Valuation To $7 Billion; Hims & Hers Appoints Miley Cyrus As A Creative Advisor
Today In Retail: Faire’s Fundraise Increases Valuation To $7 Billion; Hims & Hers Appoints Miley...
June 10, 2021  |  Retail

In today’s top retail news, Faire has landed $260 million in funding headed up by Sequoia Capital, while Miley Cyrus has become a creative advisor...

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Mastercard Projects 78 Pct Pop In Back-To-School Apparel Sales
Mastercard Projects 78 Pct Pop In Back-To-School Apparel Sales
June 10, 2021  |  Retail

U.S. retail sales are anticipated to be up 5.5 percent outside of automotive and gasoline over the important back-to-school shopping season of July 15 to...

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Consumer Price Index Surges 5 Pct, Beating Forecasts
Consumer Price Index Surges 5 Pct, Beating Forecasts
June 10, 2021  |  Economy

The U.S. Consumer Price Index (CPI) surged 5 percent year over year in May, the fastest pace since August 2008 and higher than Wall Street...

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