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Surge In eCommerce Has Port Of Los Angeles Facing 50 Pct More Cargo Shipments Than First Half Of 2020

PYMNTS

In Los Angeles, a widespread glut of shipments has slowed down operations at the nation's busiest container port complex, the Port of Los Angeles , according to CNBC. Port of Los Angeles Executive Director Gene Seroka , speaking Monday (Dec. 28) on CNBC, said the cargo volume is up 50 percent.

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Tech Center: Los Angeles On The Brink Of Becoming Tech Power Player

PYMNTS

However, Los Angeles has been coming into its own over the last decade or so. In this week’s Tech Center tracker, Shivani Siroya, CEO of Tala , spoke with PYMNTS on how the Los Angeles area is becoming a center for tech. Los Angeles County had an estimated population of 10 million in 2015.

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Distressed US Commercial Real Estate Lost 27 Pct Of Value, Wells Fargo Data Shows

PYMNTS

Hotels have been especially hard hit as travel has diminished amid COVID-19 shutdowns, with many operators reporting single-digit occupancy rates. In another case, the Holiday Inn La Mirada, near Los Angeles, was recently valued at $22 million — a 27 percent dive from 2015. It has missed mortgage payments since April.

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Grocery Round-Up: Amazon Fresh Opens, Whole Foods Cuts Prices And The US Grocery Sales Boom Slows Down 

PYMNTS

The long-awaited first Amazon Fresh brick-and-mortar store officially opened for business in Los Angeles this week, while Whole Foods talked up falling prices. This week, the eCommerce giant gave the public open access to the shop, located in Los Angeles. Whole Foods Promises Price Cuts. Grocery Delivery Firm Weee!

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Industry Slant // Bo Berg Talks Giant Schnauzers, DJing, Financial Services

Perficient

I eventually got headhunted to work for City National Bank in Los Angeles. How do you think it will change the way financial services organizations operate? I also think a lot about wealth management. I went on to create some of the first banking sites and many entertainment websites. MM: Let’s go back to crypto.

Industry 539
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Postmates Raises $300M In Venture Funding; Gives Tiger Global Management Seat On Board

PYMNTS

In a press release , Postmates said the funding round was led by Tiger Global Management, and comes on the back of a record year of growth, market expansion and adoption of a subscription service. Postmates, the on-demand delivery company, announced on Tuesday (Sept. 18) that it has raised $300 million in venture funding.

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If Cash Won’t Die, Why Not Manage It Better Digitally?

PYMNTS

So, in the spirt of “if you can’t beat ‘em, join ‘em,” PYMNTS recently caught up with two entrepreneurs determined to bring digital expertise and efficiency to cash management — the type of cash management that can make or break employees and some business operators, especially in the restaurant space. Better Cash Management?