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Zero-day options and financial market vulnerability

BankUnderground

Their flexibility, low premia and underlying leverage appeal to all market participants ranging from conservative investors hedging against intraday market volatility to aggressive traders speculating for quick profit generation. The improved market conditions have encouraged both market participation and innovation.

Marketing 124
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Uber Freight To Invest $200M To Set Up Shop In Chicago

PYMNTS

Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. Chicago is consistently at the forefront of innovation, from building America’s foundational transportation systems and its first skyscraper, to fostering world-class universities and research centers.

Chicago 109
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Canada’s Aritzia Opening Second Chicago Location

PYMNTS

is expanding in Chicago as it targets both brick-and-mortar and online expansion. According to Chain Store Age , the fashion retailer will open a flagship on Rush Street in Chicago this fall. The Vancouver, British Columbia–based company already operates a store in the Windy City, at Water Tower Place. Canada’s Aritzia Inc.

Chicago 102
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FedEx Makes Major Foray Into eCommerce By Buying ShopRunner

PYMNTS

Chicago-based ShopRunner connects millions of consumers to more than 100 popular brands, providing a seamless shopping experience across merchants. The remarks came as estimates emerged that the global small-parcel market is set to more than double by 2026 to as many as 262 million packages a day.

Chicago 285
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Sprig Stops Food Delivery To Chicago, Begins Laying Off Staff

PYMNTS

Sprig , the mobile app that allows customers to find and order “delicious meals” made with “honest ingredients” that can be delivered to their doorstep quickly, is changing up its delivery model and pausing operations in Chicago, according to TechCrunch. It’s very operationally intensive.

Chicago 100
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Uber Freight Gains Share Of $796B Trucking Industry

PYMNTS

The trucking industry generated $796 billion in revenue last year, while the global ride-hailing market was valued at just $36 billion in 2017. And since its launch in 2017, Uber Freight now has a team of hundreds, with offices in San Francisco, Chicago and Amsterdam.

Industry 179
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Grubhub Mulls Sale As Market Share Drops

PYMNTS

Food delivery company Grubhub is considering a few strategic options to continue to compete in an increasingly crowded market, including a potential sale or an acquisition by another company, according to a report by The Wall Street Journal. The Chicago-based company has hired financial advisers to help guide it through this difficult time.

Marketing 131