Consumer Spending

Airbnb Forecasts Historic Travel Rebound, Teases Big Announcements As Q1 Earnings Post

Airbnb Forecasts Historic Travel Rebound, Teases Big Announcements As Q1 Earnings Post
Airbnb Forecasts Historic Travel Rebound, Teases Big Announcements As Q1 Earnings Post
May 13, 2021  |  Earnings

Another strong earnings report out of Airbnb for the first quarter of 2021 as the vaccine rolls out and consumers nationwide gear up to get...

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DoorDash Q1 Revenue Spikes Nearly 200 Pct YOY Amid Food Delivery Surge
DoorDash Q1 Revenue Spikes Nearly 200 Pct YOY Amid Food Delivery Surge
May 13, 2021  |  Earnings

DoorDash revenue grew nearly 200 percent year over year in first quarter 2021, an earnings report says. Get the Full Story Complete the form to...

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PayPal To Migrate Key Payment Apps To Google Cloud
PayPal To Migrate Key Payment Apps To Google Cloud
May 13, 2021  |  Google

PayPal will now be moving numerous core processes to Google Cloud, according to The Wall Street Journal (WSJ). Get the Full Story Complete the form...

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Ripple Effects For Banks, Visa And Mastercard As Consumers Cut Card Balances
Ripple Effects For Banks, Visa And Mastercard As Consumers Cut Card Balances
May 12, 2021  |  Debt

Americans are still borrowing – but not with their cards, which seem to have been kept firmly in their proverbial wallets. There is a reticence...

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Visa US Spending Momentum Index Points To Rising Consumer Confidence
Visa US Spending Momentum Index Points To Rising Consumer Confidence
May 12, 2021  |  Retail

The Visa U.S. Spending Momentum Index (SMI) reached a reading of 136 in April 2021, indicating that the U.S. economic recovery remains on steady ground....

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Amazon, Walmart And The Coming Food Fight In The US Grocery Game
Amazon, Walmart And The Coming Food Fight In The US Grocery Game
May 11, 2021  |  Retail

Walmart’s grocery lead is slipping. That’s the takeaway from a nearly 100-page leaked memo as reported on Monday (May 10), which was distributed to advertisers...

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D2Cs And Digitally Native Brands Opening Stores Could Save Malls
D2Cs And Digitally Native Brands Opening Stores Could Save Malls
May 11, 2021  |  Retail

After thinning the herd over the past decade and pushing many shopping malls to the brink of extinction, new research shows that an array of...

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HanesBrands Net Sales Jump 25 Pct; Company Unveils Three-Year Growth Plan
HanesBrands Net Sales Jump 25 Pct; Company Unveils Three-Year Growth Plan
May 11, 2021  |  Retail

HanesBrands Inc. posted $1.51 billion in net sales from continuing operations for the first quarter concluding April 3, 2021, marking a 25 percent jump from...

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Bankers Worried Over Credit Card Balances Paid In Full
Bankers Worried Over Credit Card Balances Paid In Full
May 11, 2021  |  Banking

Consumers are continuing the pandemic-fueled habit of paying off credit card balances, a practice that now has bankers more than a little worried, The Wall...

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