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How Federal Debt May Impact Banking

South State Correspondent

The relationship between federal deficits and interest rates may depend on many complex factors, such as: whether tax rate changes, money supply changes, government spending changes, or political and economic stability worldwide accompany the deficits.

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Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe

PYMNTS

is expected to reach $64 billion by 2028, according to the retail analytics firm GlobalData , CNBC reported. The company is struggling with online competition and changing clothing trends, like sustainable fashion and secondhand clothing. High rents from an aggressive physical expansion also pose a problem. The used-fashion market in the U.S.

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The Gig Economy Grows Up

PYMNTS

Skip ahead again to 2028, when, by the best estimates, gig workers will make up more than half of the entire U.S. Market forces (and, some would say, unabashed corporate greed) repurposed legions of former full-timers into a virtual army of self-employed free agents.

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Wells Fargo Fallout, New Amazon Payments Top Week’s News

PYMNTS

Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods. Instant payments are lauded for their convenience, ease and most importantly, for their speed.

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Blockchain Believers Remain Bullish On B2B Payments Disruption: PayPie

PYMNTS

Dun & Bradstreet recently released a survey that found only about one-quarter of finance executives believe blockchain will emerge as the dominant B2B payments technology by 2028; instead, professionals believe online payments and eChecks will lead the way.

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FinServ Starts To Draw The Line Between Freelancer And Small Business

PYMNTS

workforce by 2028, and already 16 million individuals are participating in the gig economy. And because a gig worker is not always considered a large-enough business to obtain a commercial or small business credit card from a bank, separating that spend can be particularly difficult, leading to larger challenges at tax time , he said.

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Democrats Propose Tax On Stocks, Bond, Derivative Deals

PYMNTS

In a move that could negatively impact high-frequency traders, Democrats are bringing forward a plan to tax stock, derivative and bond deals. Peter DeFazio (D-OR) is spearheading the “Wall Street Tax Act of 2019” bill, with U.S. Alexandria Ocasio-Cortez (D-NY) as its lead co-sponsor, CNBC reported.

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