The retailer’s fintech partnership — and poaching of Goldman Sachs leaders — signals it’s serious about encroaching on Wall Street’s turf.
For two years before the 2008 financial crisis, Walmart Inc. was embroiled in controversy over a plan to open its own bank, eventually withdrawing amid pressure from regulators and Wall Street lobbies. Some 14 years later, the retail giant is gearing up for an even more serious fight.
Walmart announced in January that it formed a partnership with Ribbit...
Posted: 03/02/21 [ Read More... ]
The largest private employer in San Francisco announced today that more than half of its workforce will continue working remotely or on a flexible schedule after the pandemic is over.
Salesforce introduced its “Work From Anywhere” strategy, estimating that more than 65% of employees will adopt the new system, based on a company survey.
For those that will be coming into an office, the current spaces will be redesigned to accommodate more of a “community hub” feel, focusing on collaboration and breakout...
Posted: 02/10/21 [ Read More... ]
For all its benefits, the “democratization” of the stock market can quickly devolve into recklessness.
Turns out, no-fee stock trades can exact a very high price after all.
Not only for the retail traders sitting on deep losses speculating on meme stocks, or for Robinhood
, which faces recriminations for “gamifying”
the frenzy that spun out of control and was forced to scramble for billions in fresh cash, but also for the stock market itself, which must reckon with the wild...
Posted: 02/03/21 [ Read More... ]
A trio of bills propose plugging the state’s huge housing gap with commercial-to-residential conversions of strip malls. New research suggests it could work.
El Camino Real is a 600-mile historic thoroughfare that once linked Spanish missions in California, running from San Francisco to San Diego. Between Daly City and San Jose, the road is a nearly 45-mile corridor of suburban offices, fast-food outlets, auto parts stores, and other businesses slicing through Silicon Valley, tying together some of the nation’s priciest residential neighborhoods. Like so...
Posted: 01/21/21 [ Read More... ]
If you're one of the lucky 10.8 million
who have received the COVID-19 vaccine (that's roughly one in every 30 Americans), then all you have to show for it right now is a piece of paper, but that may soon change.
A coalition of tech companies and health organizations announced Thursday that they are working on the development of an app that will enable people to share their immunization status, reports the New York Times
The companies, including Salesforce, Oracle,...
Posted: 01/14/21 [ Read More... ]