PYMNTS News

Report: Russia Could Begin Testing Digital Ruble in August
Report: Russia Could Begin Testing Digital Ruble in August
July 19, 2023  |  CBDC

Russia could reportedly begin testing a digital ruble before the summer’s end. Lawmakers in the country, whose payment systems have been hamstrung since last year...

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DRINKS CEO: Alcohol eCommerce Market Poses Multibillion-Dollar Opportunity
DRINKS CEO: Alcohol eCommerce Market Poses Multibillion-Dollar Opportunity
July 19, 2023  |  eCommerce

As consumers increasingly turn to eCommerce platforms to get their day-to-day needs met alcohol remains largely left out of the digital shift, leaving a significant...

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Carvana’s Inventory Down 50% YOY as It Aligns With Sales Volumes
Carvana’s Inventory Down 50% YOY as It Aligns With Sales Volumes
July 19, 2023  |  Earnings

Used car retailer Carvana is putting some miles between itself and the post-pandemic cratering of used car sales with what it sees as smoother pricing...

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Banks Losing Net Interest Income as Big Deposits Look Elsewhere
Banks Losing Net Interest Income as Big Deposits Look Elsewhere
July 19, 2023  |  Banking

America’s banks are under increasing pressure as their corporate and institutional clients seek greater rates on deposits. It’s a situation that is putting a strain...

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Lowe’s Same-Day Service Delivery Goes Nationwide
Lowe’s Same-Day Service Delivery Goes Nationwide
July 19, 2023  |  Retail

Lowe’s is taking its same-day delivery offering nationwide. The home improvement retailer on Wednesday (July 19) announced it was expanding that offering via a partnership with last-mile transportation...

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Where Will Parents Spend This Back-to-School? Amazon, Walmart Push Frugality 
Where Will Parents Spend This Back-to-School? Amazon, Walmart Push Frugality 
July 19, 2023  |  Retail

Anticipated back-to-school (BTS) shopping expenses are expected to reach $41.5 billion, exceeding the previous record of $37.1 billion set in 2021 and the $36.9 billion...

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Virtual Try-on, Clothing Rentals Get Boost With Consumer Travel Plans
Virtual Try-on, Clothing Rentals Get Boost With Consumer Travel Plans
July 19, 2023  |  Retail

With the increase in travel, brands, retailers, and solution providers are striving to capture a larger portion of the consumer expenditure to expand their market...

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FTC and DOJ Unveil Tougher Merger Oversight Rules
FTC and DOJ Unveil Tougher Merger Oversight Rules
July 19, 2023  |  Regulation

Federal regulators want the public’s input into new guidelines governing mergers. The Federal Trade Commission (FTC) and Department of Justice (DOJ) on Wednesday (July 19) unveiled long-awaited updates to the government’s...

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White House Demands Transparency From Rental Housing Platforms
White House Demands Transparency From Rental Housing Platforms
July 19, 2023  |  Real Estate

The White House says three major housing platforms have agreed to provide more transparency to prospective renters. Zillow, Apartments.com, and AffordableHousing.com will begin giving consumers the total of...

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