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Port of Los Angeles Volumes Show Trade War Impact

PYMNTS

14) that the Port of Los Angeles, a key port for trade between the two nations, processed fewer imported and exported containers last month. China trade war on American exporters and manufacturers,” Port of Los Angeles Executive Director Gene Seroka said, as quoted by the newswire.

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Axos Bank Expands Commercial Presence In NYC, LA

PYMNTS

Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., “The nation’s two largest metropolitan areas are home to a majority of our commercial lending and banking clients,” said Greg Garrabrants, president and CEO of Axos, in a statement.

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Chinese Advertising Generates $27B For TikTok’s ByteDance

PYMNTS

billion, about 33 percent of the 2019 market. operations. buyers when the Trump Administration tried to ban the app citing national security. Postmates in Los Angeles recently formed a limited tie-up with TikTok to deliver app-featured treats like pancake cereal and whipped coffee. percent stake in TikTok’s U.S.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Amid Ride-Hailing Firms’ Bid For Black Ink And IPOs, Driver Strikes?

PYMNTS

In fact, as noted in CNBC, the company has been telling investors it will eventually realize EBITDA margins of at least 20 percent (we at PYMNTS jump in here to define EBITDA as a rough measure of operating cash flow). Another way to enhance margins is to cut operating costs. There are, of course, several ways to turn a profit.

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The 2018 Bling Ring’s Commerce Challenge

PYMNTS

Earlier in the week it was reported that the Los Angeles police department arrested a criminal gang composed of three teenage boys and one of their mothers in connection with a string of high-profile robberies. The trio allegedly had just robbed the home of Los Angeles Rams receiver Robert Woods. Pokora” Tota.

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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. The model has grown by 300 percent year over year, with one in two orders on the platform placed via Unlimited, across multiple markets.