Author: Press Room
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While most retail sales still occur in-store, digital is driving innovation as ecommerce grows. Domestic P2P and digital remittance providers will diversify to lure users and monetize solutions. Digitization is dominating B2B and disbursement innovation. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Ongoing ecommerce growth is pushing payment providers to make efficient and inexpensive digital payment solutions their top priority despite the ever-changing post-pandemic landscape. In-store shopping remains the largest US retail channel by both share and dollars. By the end of 2026, brick-and-mortar…
Walmart announced this week that 65% of its stores will be “serviced by automation” by 2026. The company’s US CEO said that “over time, we believe we’ll have the same or more associates.” Walmart is the country’s largest private employer, with roughly 1.6 million workers in the US. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Walmart will be increasingly relying on automation at its stores in the coming years — but that won’t diminish the country’s largest private employer’s workforce, company leaders said…
Thesis Business has been good for Pure Storage (NYSE:PSTG). From its humble beginnings in 2009, the company has become an industry leader in the digital storage business. The company pioneered storage as a service model and its technology was cutting-edge when it was developed. They continue to develop and differentiate themselves and the results so far have validated their approach to the storage business. Their strong top line and focus on profitability have made them more attractive over the last year but the stock has not seen much action since its IPO. My guess is that the business it operates…
EY has been given more time to resolve issues exposed by an exam cheating scandal that landed it a $100mn fine last year, as it wrestles with the fallout from findings that it misled US regulators.The settlement with the Securities and Exchange Commission ordered an independent investigation into why the Big Four firm’s US leaders failed to disclose evidence from a whistleblower that employees were sharing answers on professional tests, including ethics exams.It originally set a January deadline for the completion of the investigation and for EY to begin implementing any recommendations, such as disciplinary action against those involved.The SEC…
Watch Alex Marquardt’s report on the sting operation on Erin Burnett OutFront on Monday, April 10, at 7 p.m. ET. A team of South Korean spies and American private investigators quietly gathered at the South Korean intelligence service in January, just days after North Korea fired three ballistic missiles into the sea. For months, they’d been tracking $100 million stolen from a California cryptocurrency firm named Harmony, waiting for North Korean hackers to move the stolen crypto into accounts that could eventually be converted to dollars or Chinese yuan, hard currency that could fund the country’s illegal missile program. When…
The Biden administration will likely tighten emissions rules this coming week. For investors, that could mean more electric vehicles on roads sooner than expected. There are endless EV numbers to track, and following multiple governments’ and companies’ goals is no easy task. Investors will have to try, however, if they hope to pick automotive winners and losers in coming years—and there are a few potential standouts already. Environmental Protection Agency officials are set to reveal new pollution standards on Wednesday in Detroit, The New York Times reported on Saturday . The practical impact of the standards would mean that two-thirds…
Barstool Sports Inc., the irreverent and sometimes controversial sports-oriented media company, is opening an office in the booming Fulton Market area just west of the Chicago Loop that, according to Crain’s Chicago Business, could span 40,000 square feet. Barstool was founded in suburban Boston and has been based in Manhattan since 2016. It was acquired this year by Penn Entertainment Inc. PENN, -0.45%, which owns and manages gaming and racing facilities and slot-machine and related gambling operations. Barstool-branded sports bars have opened in recent years with locations in Chicago, Philadelphia and the Phoenix area, as has a Barstool sportsbook, which…
Dear MarketWatch, Our son was living in a house we own in Avenal, Calif. Unbeknownst to us, he was renting a room to a person. Our son died on Feb. 28. When we found out this person was in the house, our daughter-in-law told her to leave and she refused, so our daughter-in-law shut the water off and told the city to not let anyone turn it on. The woman tried three times to turn on water in her name, but the city refused. Our daughter-in-law turned the electricity off, but since there is no local office, we’re unable to tell…
Normally a big increase in new U.S. jobs is cause for celebration. Not right now. The Federal Reserve sees a tight labor market as a big obstacle in getting high inflation under control and wants hiring to slow as soon as possible, but it might not get its wish in March. Here’s what to watch in the U.S. employment report due on Friday morning. The forecast The economy is expected to add 238,000 jobs in March, according to economists polled by The Wall Street Journal. The U.S. created an estimated 311,000 jobs in February and 504,000 in January. Both easily…
