Category: Business News

Are Digital Wallets Doomed to Fail?

The success of digital wallets varies greatly depending upon whom you ask. In early August, Goldman Sachs analysts proclaimed that digital wallet adoption had been “underwhelming to date by nearly every objective standard.” The note stated that while Apple‘s (NASDAQ: AAPL)...

UPS, FedEx halt delivery to major areas amid storm

Shipping giants UPS, FedEx and the United States Postal Service have indefinitely ceased delivery to major swaths of Texas and Louisiana amid Hurricane Harvey devastation, potentially disrupting supplies of critical medicines, food and other packages....

Exxon Shuts Down Houston-Area Refinery

Exxon Mobil Corp. is shutting down its massive Houston-area refinery—the second largest in the U.S.—as torrential floodwaters from Hurricane Harvey paralyze large portions of the area. The plant, located in Baytown, Texas on the Houston...