With TikTok deal, Walmart could gain ‘a front row seat to the next generation of consumers’

Brick-and-mortar giant Walmart may seem like an odd match for TikTok, an algorithm-driven social platform known for hosting memes and viral dance challenges. But a closer look at Walmart’s e-commerce and digital media moves shows that TikTok could help it blend the in-store and online shopping experience, while giving it an edge with young Americans. Walmart said Saturday that it has tenatively agreed to take a 7.5% stake of a newly created company based in the U.S. called TikTok Global. Walmart CEO Doug...

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Chime is now worth $14.5 billion, surging past Robinhood as the most valuable U.S. consumer fintech

Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively.
 That lofty figure makes Chime the most valuable American fintech start-up serving retail consumers. Robinhood, the popular free-trading app, raised money last month at an $11.2 billion valuation. The moves show that even as investors punish the shares of established U.S. banks — the KBW Bank Index has lost...

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Square Becoming a Bank Is Brilliant. Here’s WhyThe last time any new type of bank appeared was 2010.

It may seem surprising that the fintech disruptor Square is reverting to an old format and become a bank. Square has helped so many small businesses expand their payment methods, embracing fintech ahead of other disruptors.

However, there is much more to this story. In fact, this strategic decision could be one of the best moves the company has made. Square's decision could start a revolution and revamp the entire financial institution structure to address the changes...

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TikTok and WeChat: US to ban app downloads in 48 hours

TikTok and WeChat will be banned from US app stores from Sunday, unless President Donald Trump agrees to a last-minute deal.
The Department of Commerce said it would bar people in the US from downloading the messaging and video-sharing apps through any app store on any platform.
The Trump administration says the companies threaten national security and could pass user data to China.

NBCUniversal’s Peacock streaming service has 15 million sign-ups, Comcast CEO Brian Roberts says

NBCUniversal’s streaming service Peacock has 15 million sign-ups, a 50% increase in six weeks, Comcast CEO Brian Roberts said Tuesday at the Goldman Sachs Communacopia Conference Peacock is Comcast’s plan to monetize broadband-only subscribers through video. Peacock Premium costs $4.99 for non-Comcast and Cox subscribers and $9.99 per month without ads. It has hundreds of movies and TV shows, including past episodes of NBC staples such as “Saturday Night Live” and “30 Rock.” Former NBCUniversal Chairman Steve Burke said last year he...

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JPMorgan’s WFH model changed worker productivity—especially on two days of the week

A troubling pattern emerged as most of JPMorgan Chase & Co.’s employees worked from home to stem the spread of Covid-19: productivity slipped. Work output was particularly affected on Mondays and Fridays, according to findings discussed by Chief Executive Officer Jamie Dimon in a private meeting with Keefe, Bruyette & Woods analysts. That, along with worries that remote work is no substitute for organic interaction, is part of why the biggest U.S. bank is urging more workers to return...

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White House Turns to Corporate America to Fix Testing Shortfall

The Trump administration is leaning heavily on the nation’s drug retailers and lab-testing companies to try to solve a problem that has vexed it since the beginning of the coronavirus pandemic: Getting mass testing up and running smoothly. Expanding on an earlier effort to ramp up testing in store parking lots, the White House on Monday revealed plans to partner with Walmart Inc., CVS Health Corp., Walgreens Boots Alliance Inc. and other chain retailers and diagnostics companies to...

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How to Give a Rockstar Product Presentation

Focus on story structure, engagement tactics, and fast-paced experimentation to give high Net Promoter Score presentations your audience will love.

  Here’s a quick 30-minute webinar video I created for product people who want to deliver great product presentations. Here’s the outline: Click here to watch the video and to download a PDF of the presentation....

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How to create connections at work in the age of isolation

Modern virtual workplace challenge HUB Consulting If you are feeling isolated at work, even in the midst of a busy office, you are not alone. A recent survey of more than 2,000 managers and employees found that employees depend on technology to communicate with their colleagues. The methods are led by e-mail (45 percent) and followed by text messaging (15 percent) and instant messaging (12 percent). Of those who cited e-mail, more than...

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