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BLS Report Shows Static Retail Jobs Picture

PYMNTS

That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. The news was welcome after a disastrous report from December to January, a drop that went beyond seasonal expectations. It’s a stark contrast to the last BLS report.

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Nike, Other Major Brands Report Millions In Bad Debt Charges As Retailers Struggle To Pay

PYMNTS

The impact of COVID-19 on retailers is obvious as companies report plummeting sales, but the pandemic has also delivered a blow to the middlemen, which include makers of apparel and accessories, The Wall Street Journal reported. Typically, retailers have 30 days to pay for products provided on credit. Others, such as J.

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Regional, Community Banks Face Digital Challenges Post-Pandemic

Banking Exchange

Greenwich Associates reports widening gap in digital investment between national and regional banks Community Banking Feature3 Feature Technology Retail Banking Covid19 PPP Customers Tech Management Mobile Online.

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Future Retail To Amazon: Stop Meddling In $3.4B Asset Sale

PYMNTS

Future Retail is attempting to prevent partner Amazon from meddling further in its $3.4 eCommerce giant in a New Delhi court, Reuters reported. Now, Reuters reported Amazon is lodging a complaint with India's market regulator. percent stake in Reliance Retail. But Future said that order is non-binding. On Saturday (Nov.

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Bitcoin Daily: Chinese Leaders Back Regional Digital Currency Plan

PYMNTS

The Official Monetary and Financial Institutions Forum (OMFIF) unveiled the debut of its Digital Monetary Institute, Cointelegraph reported. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

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PNC Eyes Buying US Unit Of Spain's BBVA, Report Says

PYMNTS

arm of Spain-based BBVA for over $11 billion, which could be one of the largest bank acquisitions since the financial crisis over a decade ago, The Wall Street Journal (WSJ) reported, with the deal potentially announced as soon as Monday (Nov. PNC Financial Services Group could buy the U.S. according to WSJ.

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Retail Rental Payments Make Comeback

PYMNTS

Retailers are starting to pay the rent. A new report from the National Association of Real Estate Investment Trusts (NAREIT) shows that rent collections for free-standing and shopping mall-focused real estate investment trusts (REITs) gained ground in July on top of gains in June. percentage points from 79.3 percent in June to 91.4

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