Updated / Monday, 8 Mar 2021
08:38
New Revolut research shows that consumer spending fell again in February
Consumer spending fell again in February as the impact of the full coronavirus lockdown continued to bite, new figures from digital banking app Revolut show.
Revolut said that overall spending by its Irish customers in February this year was 19% lower than in February 2020. Consumer spending was also 2% down on January 2021, it added.
It noted that spending on digital goods, groceries and items related to the home continued to increase, but this has been significantly offset by the collapse in spending on leisure, hospitality and travel.
Spending by Revolut retail customers on computer programming is up 30%, while spending on computer network services rose by 23%.
Not quite Game Over for GameStop? Stock value almost quadrupled last night
GameStop’s chief financial officer Jim Bell announced this week that he would resign on 26 March. By David O Sullivan Thursday 25 Feb 2021, 6:25 PM Feb 25th 2021, 6:25 PM 28,110 Views 32 Comments
Image: Shutterstock/ThomasAFink
Image: Shutterstock/ThomasAFink
GAMESTOP STOCK VALUE almost quadrupled last night. This comes after the announcement on Tuesday that their chief financial officer, Jim Bell, would resign on 26 March.
Just before the New York Stock Exchange closed last night at 9pm Irish time, value began to skyrocket. The price peaked at $185 a share. Earlier that day it had been $46.