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Silicon Valley Loses Grip On Tech Firms

PYMNTS

Remote work practices and policies made necessary by COVID-19 and embraced by employees and companies alike are taking a toll on Silicon Valley, The Wall Street Journal reported Sunday (Dec. And just weeks earlier, Hewlett Packard Enterprise announced it was moving its headquarters to Houston, Texas from Silicon Valley.

San Jose 266
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Fed approves bank expansion despite claims of discriminatory practices

American Banker

Vantage Bank of Texas will be allowed to add a new branch in Houston, but Fed Gov. Michelle Bowman said the episode highlights the need for new policies around assessing public commentary.

Houston 36
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OCC, Texas bank enter into formal agreement tied to BSA compliance

American Banker

CBTX in Houston must develop policies and procedures, along with a training program, to address deficiencies in its bank's compliance with the Bank Secrecy Act.

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Study: US Housing Market Slows Down As Homeowners Stay Put Longer

PYMNTS

Housing inventory has fallen to its lowest level in 37 years, with homeowners staying the longest in Salt Lake City, Houston, Fort Worth, San Antonio and Dallas, more than eight years longer than they did in 2010. “In Homeowners age 67 to 85 are remaining homeowners longer causing a shortage of 1.6

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Retail Rents Falling From Manhattan To Los Angeles

PYMNTS

The worst results came from Lower Manhattan’s Broadway/Houston Street/Broome Street area, where average asking price per square foot tumbled 25 percent year on year. First, household loss of income and shelter-in-place policies reduced current demand for brick-and-mortar retail,” he wrote.

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The Fed Used Swipe Data To Assess Economic Impact Of Storms

PYMNTS

And in Houston, spending tumbled by 75 percent from typical amounts. With earlier access to data, however, central bankers can gain early feedback on their interest rate policies to determine, for example, if they are too strict or too loose. Yet bankers don’t always have firm estimates on the best interest rate for the economy.

Data 100
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Carvana Opens Largest Car Vending Machine In Tempe

PYMNTS

Tempe joins 11 other cities that have Carvana vending machines, including Houston, Austin, San Antonio, Dallas, Nashville (Tenn.), Carvana said every car comes with a seven-day return policy, and all Carvana vehicles are Carvana Certified. Raleigh (N.C.), Charlotte (N.C.), Jacksonville (Fla.), Tampa (Fla.), Orlando (Fla.)