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U.S. retail sales pause, record savings seen supporting spending

WASHINGTON U.S. retail sales unexpectedly stalled in April as the boost from stimulus checks faded, but an acceleration is likely in the coming months amid record savings and a reopening economy.

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U.S. payments startup Marqeta makes IPO filing public

U.S. payment card issuer Marqeta Inc on Friday made public its registration for an initial public offering in the United States, revealing that its revenue doubled in 2020. (Reporting by Niket Nishant and Tiyashi Datta in Bengaluru; Editing by Devika Syamnath)

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