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Its the end of the workweek, and the PYMNTS Weekender is here to make sure you didnt miss anything with the latest in payments and commerce news. We have deep dives into COVID-19 cash flow challenges and grocery shopping payments, as well as a report on Lyft driver聽 referrals. Top NewsLyfts Driver Referrals Show Limits Of Model, As Uber ExpandsThe COVID-19 pandemic has illustrated that Lyft encounters hurdles Uber does not have when it comes time to move gig economy workers to new revenue streams that can help keep them on an even keel in times of crisis. The news came at the end of last week that Lyft is referring drivers to work stanley italy for Amazon to get additional work.Amazon Tells Employees To Transfer To Grocery WorkAmazon is seeking to move employees to its grocery bagging division with a dramatic increase in聽groc stanley cup ery delivery聽because of COVID-19. Warehouse staffers will have the choice to move to the grocery team of Whole Foods. They will reportedly make more money if they mak stanley france e the switch 鈥?approximately $19 per hour.Venmo, Square Cash Vie For Stimulus Funds DistributionCash App and Venmo want to be taken into consideration as methods for the federal government to distribute stimulus funds to help the economy. The popular apps have seen broad use in recent times, but the government has reportedly not adopted either one for official means to date.Australia To Test Coronavirus Vaccine; US Doctor Claims To Have Potential CureThe national science agency of Australia intends to pilo Uvkl SMB FinTech Muse Finance Raises $20M
Wholesale prices in the United States were up for the third time over four months, showing the impact in part of rising fuel costs, Bloomberg reported, translating into higher inflation.In data released Friday Jan. 13 , the Labor Department reported that the producer price index was up 0.3 percent for the month of December. That matched estimates from economists surveyed by Bloomberg. And it is a slightly less heady pace than the 0.4 percent see stanley cup n in November. As measured year o stanley mug ver year in December, the pricing index showed gains of 1.6 percent, which would be the fastest rate of increase in more than two years, since Sept. 2014.The price index is watched as an inflation gauge, and the newswire reported that the growth in pricing indicates that inflation will continue to stanley us grow. The implication is that interest rates will continue to increase聽this year. Bloomberg stated that consumer demand and more stable commodity costs will work in tandem to keep prices linked to production on an upward track. Among the most notable increases, energy prices were up 2.6 percent in December from November, driven by gas prices, up 7.8 percent. Food prices gained 0.7 percent. Services were up 0.1 percent, which showed some pacing slowdown from 0.5 percent gains in November.
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