Shoppers go back to stores, but retailers face challenges

NEW YORK — Americans are going back to one of their favorite past times: store shopping. With more people getting vaccinated and dropping their face masks, retailers from Walmart to Macy’s are seeing an eager return to their stores after more than a year of their customers migrating online during the pandemic. Marcia Williams, who lives in a Philadelphia suburb […]

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Covid blues fail to dampen Apple’s dream run

Rising prevalence of work-from-home and e-learning is driving sales of notebooks and tablets for most brands, but Apple’s superior performance has more to do with its product quality. Arnab Dutta reports. Baljinder Paul Singh’s first association with Apple was in 1996 when the US giant’s business was mostly confined to enterprise-level computers that sold to a handful of clients in […]

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The decision to cut $300 federal unemployment benefits in GOP states is 'tied to politics, not economics,' JPMorgan says

A JPMorgan note said that politics — not economics — is driving states to end federal unemployment early. So far, 24 states have opted out of benefits prematurely. They’re all governed by Republicans. For unemployed workers, that means continued benefits are left to the politics of their governors. See more stories on Insider’s business page. The move to cut federal […]

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The use of central bank digital currencies would fuel demand for other crypto assets, study shows | Currency News | Financial and Business News

Mary Turner/Getty Images The establishment of digital currencies by central banks would encourage wider demand for crypto assets, according to a study by the Economist Intelligence Unit. 59% of study respondents held that view of influence by central banks on digital assets. China is running a pilot digital program and the Fed has stepped up efforts around a digital dollar. […]

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1.2 million people still haven't cashed their first stimulus check

The Boston Herald found that 1.2 million of the $1,200 stimulus checks remain unspent. The IRS said those people either refused to accept, paid back, or haven’t cashed the check. Republicans have suggested using unspent COVID money to fund infrastructure, which Democrats strongly oppose. See more stories on Insider’s business page. As a growing number of Democrats are pushing for […]

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