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Study: New COVID Restrictions Could Permanently Close A Third Of US Restaurants

PYMNTS

Census Bureau data indicating a seasonally adjusted decline in restaurant sales in October — the first slippage since the industry began to claw its way back from the damage inflicted by the first wave of shutdowns. We continue to support aggressive steps to protect the nation’s public health.

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NY Fed President: Gov’t Shutdown Could Hinder Economic Growth

PYMNTS

While the Fed has hinted that it has been adjusting its U.S. 18) that the shutdown has become a hindrance for the economy, Financial Times reported. of a percentage point for each week that the current situation continues. of a percentage point for each week that the current situation continues.

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The Digital Payments Preferences That Cross The Generational Divide

PYMNTS

Of course, large retailers, too, are continuing to invest in accelerating their investments in their digital experiences. Cole said there continues to exist the “COVID-related phenomenon that’s happened to small businesses all over the country.

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Consumer Morale Up In Major European Economies

PYMNTS

Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. In Italy, consumer confidence in January 2020 grew to 111.8 from 110.8 in December of last year.

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Walmart Laying Off More Than 1,200 Workers Even As Digital Shopping Booms

PYMNTS

We are continuing on our journey to create an omnichannel organization within our Walmart U.S. Worker Adjustment and Retraining Notifications filed in Arkansas and New Jersey showed that 1,241 positions at Walmart would be cut. Also, Walmart was not hit with the store shutdowns that impacted other retailers.

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Strong Venmo and QR Code Payments Growth Help PayPal Score Record Q2 Earnings

PYMNTS

In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. Rainey said PayPal is also continuing efforts “around expanding the Pay with Venmo in an eCommerce setting.”. billion ($1.29

Venmo 84
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Bringing 21st Century Technology To A 12,000-Year-Old Industry

PYMNTS

And it is continuing to do that.”. TerrAvion helps provide farmers with data to spot such problems and adjust. All with the simple goal of helping farmers more precisely grow the food that consumers want to eat — and grocery stores want to buy. Agriculture is the original high-tech industry,” Morris told PYMNTS. “It Morris asked.