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Tag: punish

Bipartisan Senate bill would punish retailers for refusing cash payments

Ranking member Sen. Bob Menendez, D-N.J., arrives for the Senate Foreign Relations Committee hearing on Thursday, June 20, 2019. Bill Clark | CQ Roll Call | Getty Images Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D., have introduced a bill prohibiting retailers from declining cash payments from customers, as businesses promote “contactless” digital payment as they …

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Investors punish FedEx as it struggles to adapt to rise in e-commerce

A FedEx delivery truck is seen on August 07, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images FedEx investors punished the company’s shares Wednesday after it released disappointing earnings a day earlier and cut its profit outlook for at least the third time in 2019. The delivery company is struggling to adapt to …

Investors punish FedEx as it struggles to adapt to rise in e-commerceRead More