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How Federal Debt May Impact Banking

South State Correspondent

The relationship between federal deficits and interest rates may depend on many complex factors, such as: whether tax rate changes, money supply changes, government spending changes, or political and economic stability worldwide accompany the deficits.

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Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe

PYMNTS

The used-fashion market in the U.S. is expected to reach $64 billion by 2028, according to the retail analytics firm GlobalData , CNBC reported. The company is struggling with online competition and changing clothing trends, like sustainable fashion and secondhand clothing.

Retail 148
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The Gig Economy Grows Up

PYMNTS

Market forces (and, some would say, unabashed corporate greed) repurposed legions of former full-timers into a virtual army of self-employed free agents. Skip ahead again to 2028, when, by the best estimates, gig workers will make up more than half of the entire U.S. In It for the Money .

Software 220
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Blockchain Believers Remain Bullish On B2B Payments Disruption: PayPie

PYMNTS

Dun & Bradstreet recently released a survey that found only about one-quarter of finance executives believe blockchain will emerge as the dominant B2B payments technology by 2028; instead, professionals believe online payments and eChecks will lead the way. “But I believe the technology is here. ”

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FinServ Starts To Draw The Line Between Freelancer And Small Business

PYMNTS

workforce by 2028, and already 16 million individuals are participating in the gig economy. And because a gig worker is not always considered a large-enough business to obtain a commercial or small business credit card from a bank, separating that spend can be particularly difficult, leading to larger challenges at tax time , he said.