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Spending Rush During China’s Golden Week Signals Economic Uptick

PYMNTS

billion yuan ($155 million) over the same period in 2019. Boston Consulting Group in September has estimated that the demand for luxury goods could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds. percent from 2019. The average daily sales for retail, food and beverages was 4.9

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US Consumers Fret Over Future Without Federal Jobless Aid

PYMNTS

The number of consumer bankruptcy filings in April dropped by 47 percent to 36,150 from the April 2019 consumer total of 67,802. Filing bankruptcy, for consumers, is sort of an admission that you’re a financial failure, and people just can’t admit that,” John Rao, a lawyer at the National Consumer Law Center in Boston told the Times.

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Football Season To Kick Off New Payments Plays

PYMNTS

As new PYMNTS research documents, over the past year, 18 Major League Baseball (MLB), National Basketball Association (NBA), National Football League (NFL) and Major League Soccer (MLS) arenas have deployed biometric solutions by CLEAR. For the 2019 NFL season – PYMNTS is based in Boston, so Go Pats! –

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Nonprofit Supports Community Entrepreneurs Amid Pandemic

PYMNTS

Quite the contrary,” says Bob Brennan, chairman of the National Expansion Council and one of the directors of a nonprofit organization called Entrepreneurship for All (EforAll) based in Boston, Massachusetts. “I EforAll began operating in Holyoke in 2018 and in Roxbury in 2019.

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Reimagining The Bar Experience Without The Booze 

PYMNTS

In 2019 alcohol consumption in the U.S. It is not quite fair to say that America has become a nation of teetotalers or is even well on their way to becoming one. billion in sales between October 2018 and October 2019 — a roughly 200 percent jump — and kicked off something of a spiked seltzer follow-on craze.

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CFPB announces advisory committee members

CFPB Monitor

Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA). Rebecca Steele, President/CEO, National Foundation for Credit Counseling (Washington, DC). The other individuals appointed to the CBAC are: John Buhrmaster, President & CEO, First National Bank of Scotia (Scotia, NY). Clarksdale, MS).

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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

PYMNTS

According to reports last week, Amazon will soon be heading to Boston to construct a $40 million state-of-the-art robotics innovation hub. The 350,000-square-foot facility is planned for Westborough, Massachusetts, a community roughly 35 miles west of Boston. Amazon’s Big Robotics Investment . India, the U.K.

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