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Mastercard, one of the world’s leading credit card issuers, has announced that it will be offering a program similar to one of the latest and more popular methods of payments to cater to consumers, the "Buy Now, Pay Later" trend. The Purchase, New York-based financial services corporation will offer...
Microsoft has announced that they will be adding a feature similar to a walkie-talkie to its cloud-based Teams phone service. The company hopes it will help it compete better with Zoom as the competitor doesn’t have a similar feature. Teams will also be getting some of the current features...
Amazon is planning to showcase a three-week sales event of its beauty products beginning October 4 and running through October 25. The e-commerce giant hopes to attract early shoppers before the holiday season begins. Amazon released a slide deck highlighting the sale. In the slide, the company said, “We want...
Supply chains have been hit hard amid the COVID-19 pandemic, adding pressure to many businesses that can’t keep up with consumer demand. But, one retail chain says its supply chains are better than they were this time last year. Home improvement retailer Lowe’s said that it’s even getting holiday...
U.S. sales last month for Detroit automaker Ford were 33.1 percent lower than last year amid a massive semiconductor chip shortage across the world. The lack of chips is devastating the automotive industry. The company’s adjusted selling rate was 13.09 million vehicle sales last month. It marked Ford’s worst...
According to the Bureau of Labor Statistics, consumer prices saw an increase of 5.4 percent during July compared to the same period one year ago, slightly higher than economists had predicted. High demand and supply chain interruptions are blamed for the higher costs. In a month-to-month comparison, the index saw...
The U.S. government has requested that OPEC and the organization’s oil-producing allies increase their oil production due to increasing gas prices. The administration is concerned that rising inflation prices will hinder recovery from the pandemic. The White House has also asked regulators to investigate prices at the pump. This past...
Scientific studies show that Moderna may be more effective against the COVID 19 delta variant than the Pfizer/BioNTech mRNA vaccine. MedRxiv posted two reports on Sunday highlighting the studies’ findings. The studies showed that the odds of a breakthrough COVID-19 diagnosis rise with time. Anyone who received a second dose...
The housing boom may just be over as sales of new homes have fallen to their lowest since the pandemic arrived in 2020. According to the U.S. Census Bureau, new, single-family home sales are at an annualized rate of 676,000. The figure is 6.6 percent lower than May’s count of...
Many American companies are feeling the pressure to pass on higher prices to customers as inflation continues to rise. The news comes just as many companies recently reported their second-quarter earnings. Many of those companies took pre-emptive measures weeks ago by raising prices and are now saying it’s paying...