Retail industry

Sen. Blumenthal plans action against telemarketing scams masquerading as political, charitable causes

Sen. Richard Blumenthal is moving ahead with new legislative efforts to combat telemarketing scams that have raised millions of dollars…

Ripple buys crypto infrastructure startup in its second acquisition of 2023

Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a…

Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says it may not last

Consumer spending may not be out of the woods. Real spending is expected to come in 1.9% higher in the…

Recalled baby products sold on Facebook draw the ire of powerful committee in Congress

WASHINGTON — House lawmakers cited the continuing sale of recalled baby products linked to infant deaths on Meta‘s Facebook in…

Retail sales increased 0.7% in July, better than expected as consumer spending is holding up

Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the…

The story of inflation, as told through your child’s backpack

Back-to-school shopping hasn’t been easy this year for Lauren Cyr. The mother of three has searched for deals and spread…

The fight over a bill targeting credit card fees pits payment companies against retailers

A bipartisan push in Washington to clamp down on credit card fees is pitting retailers against network payment processors —…

Retail bets on zero day options are growing, but they may come at a price

It’s a sophisticated trading strategy that’s becoming more accessible to retail investors. The strategy: Zero days-to-expiration options — which is…

TikTok Shop strikes ‘buy now, pay later’ partnership in Malaysia as part of e-commerce push

TikTok struck a partnership with “buy now, pay later” service Atome to offer installment payments on its e-commerce marketplace in…