Afternoon Coffee: Apple Pay Fails to Catch On Among Retailers, OPEC to Maintain Oil Output Levels


Apple Pay continues to struggle to grasp ahold of the majority of the retail market. Nearly two-thirds of the nation’s top retailers said they had no intention to support Apple Pay in 2015, a survey by Reuters found.

OPEC said today it will maintain its 30 million barrels a day oil output over the next 6 months despite the ongoing drop in oil prices.

A new draft report from the Environmental Protection Agency stated that hydraulic fracturing does not appear to be impacting the water supply in the US. There is evidence, however, the oil and gas extraction technique can potentially be contaminating the nation’s drinking water, the report also said.

May was a positive month for the US job market, as employers added 28,000 jobs – more than expected and higher than the average seen in the last year. Hourly wages were also up 0.3% in May.

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