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Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

PYMNTS

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. He added that worker furloughs have also already begun, “particularly in the hotel, retail, travel and restaurant industries.

Boston 109
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What Famed Boston Eatery Petit Robert’s Owner Sees As Restaurants’ Future

PYMNTS

Mild winter weather in Boston had led to stronger-than-average performances in January and February, and owner Loic Le Garrec told Karen Webster in a recent conversation that he expected going gangbusters through his typically busy spring season. “I It’s always a big time for us.”. We have three, four cars and we deliver.

Boston 244
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Early Days: AI Shows Promise And Limitations For Retailers

PYMNTS

Start creating more customer data to feed the algorithm and then you too can join the artificial intelligence (AI) retail revolution. Retailers can engage with an “AI lite” strategy that produces lookalike customer data and a level of predictive analytics. But the present and future of AI in retail is much richer. Not so fast.

Retail 203
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Street Cred: How One Spa Entrepreneur Is Navigating The COVID-19 Crisis

PYMNTS

It’s hard to find a retail resume that’s more impressive than Joyce Hampers’. It starts with an undergrad degree from Boston College and a law degree from Boston University. But a slew of Boston area residents are thankful that she hasn’t. She is right in the eye of the retail hurricane known as the coronavirus.

Boston 252
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Fed’s Rosengren: Even With Positive Job Numbers, US In ‘Significant Recession’

PYMNTS

Despite a better than expected job report, Boston Federal Reserve President Eric Rosengren told CNBC a full recovery is impossible until COVID-19 is under control. “We We have a long way to go before we are fully recovered,” he said on “The Exchange,” adding, “But I will say this employment report was a very positive one.”.

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Retail Will Play Major Role In Vaccine Distribution

PYMNTS

As various governmental agencies, healthcare organizations and drug companies step up their efforts to get vaccines distributed, it looks like retail will have a major role to play. Among the retailers are Kroger, Albertsons, CVS, Walgreens and Rite Aid. According to The Wall Street Journal , the U.S. percent on March 27 and 39.7

Retail 151
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Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C area, Philadelphia and Boston. To us, this is so much more than building branches.

St. Louis 145