Job report looms with Dow up 4% this week

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The New York Stock Exchange (NYSE) is pictures on May 26, 2020 at Wall Street in New York City.

Johannes Eisele | AFP | Getty Images

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8:16 am: Treasury yields rising as investors move in to risk assets

Bond yields continue their rapid rise, with the benchmark 10-year yield touching 0.89%, its highest level since March 24. Treasury yields, which move opposite price, have been rising on a better economic view, but got a big kick up when the ADP report Wednesday showed less than 3 million jobs were lost

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Unlike during past economic downturns, Americans have money in their pockets this time

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An interesting phenomena is occurring during the sharpest downturn in the history of our country: Americans have money in their pockets. 

Economic and banking data is revealing that Americans are earning and saving money during the coronavirus crisis, thanks to unprecedented stimulus from the federal government. The rescue funds could be responsible for facilitating the quickest recession in history. 

Consumer spending and savings are both up year-over-year on a per member basis at digital banking company Chime, which serves more than 6.5 million clients. Chime is the largest of a new breed of branchless U.S. banks that offers no-fee accounts,

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Report: The state of European checkouts in 2020

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A new report, The state of European checkouts in 2020, offers a detailed review of the top 450 e-commerce websites in the UK, France, Germany, the Netherlands, Spain, Italy, and Sweden, uncovering widespread checkout errors, causing potential customers unnecessary frustration, and costing businesses significant lost revenue.

With more and more retail moving online for the first time, online commerce now represents 30% of all retail sales in the UK. Yet even some of the world’s leading e-commerce sites continue to put needless roadblocks in the way of British and European consumers.

The research found that some of the most

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JCB enables cross-border QR code payment in APAC

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As consumers seek greater speed and convenience in their payment transactions, merchants are increasingly adopting QR code payments and other digital payment types. Digital wallets now account for 58% of regional e-commerce purchases and are expected to reach almost 70% by 2023. Digital wallets also now surpass cash at POS, accounting for 36% of in-store sales in 2019.

JCB enables cross-border QR code payment

To meet this demand, JCB is driving acceptance of QR payments among consumers as part of its quest to be the preferred card brand. JCB chose FIS because of its global footprint, deep network of local

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