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Silicon Valley Is Losing Its Luster With Millennials

PYMNTS

Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. In 2013, at the peak, the area added more than 102,000 residents. Of the African American survey responsents, 71 percent said they were considering leaving.

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Can ‘Elective’ Fees Work For Retail Banks?

PYMNTS

The last such store closed earlier this year in Boston. Indeed, when he was talking to potential Aspiration investors back in 2013 and 2014, he told Webster, his vision didn’t exactly spark confidence among the people with money. “It It made for some very short conversations,” he said. Only 6 percent are from L.A.,

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12 Industries Experts Say Millennials Are Killing — And Why They’re Wrong

CB Insights

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. Millennials aren’t shunning luxury goods; they’re just renting them instead of buying. Millennials are in debt.

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In Favor Of Delivery: The Growing Omnichannel Store-To-Door Ecosystem

PYMNTS

This demand for timeliness and simplicity is evidenced by the demographics with which third-party delivery services are being most enthusiastically embraced: millennials, parents with children under 18, and city dwellers. Flour, a Boston-based bakery with multiple locations across the city, is among the eateries Favor users can order from.

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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

Between 2008 and 2013, investors increased the amount of money under management in ETFs by more than 3x, with nearly half of that going into ETFs issued by BlackRock. Boston Consulting Group predicts, however, that only a few investment banks will ever again be able to grow to that kind of size. get the full REPORT.