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PYMNTS.com 09/20/2020 18:36
Score one for WeChat. A California federal judge has temporarily blocked President Donald Trump's executive order prohibiting WeChat, the social media app owned by China’s Tencent Holdings Ltd., The Wall Street Journal reported. Trump ordered the sweeping bans on transactions with the Chinese owners of WeChat and TikTok, a popular video-sharing app, alleging they are a threat […]
PYMNTS.com 09/20/2020 18:17
A former contractor for the Australian government’s Commonwealth Scientific and Industrial Research Organization has been sentenced to 300 hours of community service after pleading guilty to using the agency’s supercomputers to mine cryptocurrency, according to CryptoNewsPipe.com.
PYMNTS.com 09/20/2020 17:32
If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. EU Commissioner Thierry Breton, who has taken the lead on the overhaul of its digital rules, told the Financial Times (FT) the proposals […]
PYMNTS.com 09/20/2020 17:12
While most sectors have suffered from the pandemic, global trade has proved remarkably resilient. The Wall Street Journal (WSJ) reported the industry is making a stronger comeback than after the 2008 financial crisis, contrary to the predictions the pandemic could paralyze trade permanently. While trade is still below pre-pandemic levels, it recouped about half of […]
PYMNTS.com 09/19/2020 04:00
It’s a problem that has plagued connoisseurs of fine food and wine for generations that until very recently had no solution: What’s the right wine to pair with a Taco Bell chalupa? For a flavor so complex and unique, what wine will best complement the dish without overwhelming its subtle umami flavor notes? A light white? A […]
PYMNTS.com 09/18/2020 19:05
Don’t tell retail executive Calvin McDonald that construction of brick-and-mortar stores is a thing of the past. The CEO of Lululemon Athletica Inc. told Bloomberg part of his growth strategy includes new stores. McDonald said unlike some of its competitors, the upscale retailer is still in its infancy when it comes to growth. “We may […]
PYMNTS.com 09/18/2020 18:19
In its battle against President Donald Trump’s intentions to block its app domestically, TikTok is requesting the help of rival Facebook Inc., Bloomberg reported. The request came after a tweet posted by Adam Mosseri, the head of Instagram. Mosseri wrote in a Friday (Sept. 18) tweet, “I’ve said this before, but a US TikTok ban would […]
PYMNTS.com 09/18/2020 17:54
QR codes have become the star player on the digital payments stage in China and throughout Southeast Asia. Consumers and businesses are wholeheartedly embracing mobile wallets powered by QR codes as the best way to pay, pretty much no matter where they are – or who they are. In fact, QR tech is so ingrained […]
PYMNTS.com 09/18/2020 17:21
It’s a classic Catch-22. Movie theaters must show blockbusters to lure audiences, but Hollywood studios need large crowds to justify releasing $200 million movies. While two-thirds of the nation’s cinemas have reopened, box-office receipts say the public is not ready to return to the movies, The Wall Street Journal reported. The Observer reported U.S. box […]
PYMNTS.com 09/18/2020 16:08
The University of Michigan Survey of Consumers reported that its Index of Consumer Sentiment registered a 78.9 result for September 2020 based on preliminary data, up from 74.1 in August 2020 but still below September 2019’s 93.2 level. “Consumer sentiment improved in early September, reaching the top of the range it has traveled since April,” […]

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