Los Angeles Mulls Electric Vehicle Mandate For Rideshares

PYMNTS

As Los Angeles aims to get additional electric vehicles on the roads and reduce emissions, the city is thinking about making rideshare platforms like Lyft and Uber use electric vehicles. Ridesharing electric vehicles Los Angeles Lyft News regulation Uber What's Hot

Tesla’s Cybertruck Debuts At Los Angeles Event

PYMNTS

At one of the firm’s signature promotional events in Los Angeles, Tesla CEO Elon Musk unwrapped the automaker’s Cybertruck all-electric pickup. The vehicle, which will start at $39,900, is designed in the form of a large metallic trapezoid, CNBC reported. The Cybertruck is Tesla’s sixth vehicle model, and is described as the most experimental since the company’s 2003 launch. It will go up against Ford ‘s F series, the top-selling U.S.

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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. To get a sense of how the trade war – the one between China and the United States – is having an impact beyond the headlines, look to the high seas.

Nordstrom Local Expands In Los Angeles

PYMNTS

Following a positive reception from customers , Nordstrom Local announced two more Los Angeles locations for its hyperlocal retail concept. Overall, Nordstrom’s largest market is Los Angeles: The city has four million customers and 16 full-line, brick-and-mortar stores. One store will be 1,200 square feet and located in Brentwood, while another will be a 2,200-square-foot store in the city’s downtown area.

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. GDP of Los Angeles County (2015): $930.82 There’s a chance that Los Angeles is ready to take on Silicon Valley.

A first peak inside Amazon’s new grocery store concept in Los Angeles

Payments Source

The $800 billion grocery industry is keeping a sharp eye on a strip mall in the Woodland Hills neighborhood of Los Angeles. There, sandwiched between a nail salon and a bank branch, Amazon.com Inc. is working on the first in a new chain of grocery stores set to open this year. Amazon Digital payments California Merchant

Los Angeles Venture Is Underrated

CB Insights

The following is a guest post by Samir Kaji (@samirkaji), Senior Managing Director at First Republic Bank (@firstrepublic). When ranking US startup hubs, it’s widely accepted that New York City stands out clearly as the largest venture ecosystem outside of … Continued. Guest Post Uncategorized

Wells Fargo Scandal Prompts Crackdown by Los Angeles

American Banker

The Los Angeles City Council passed a motion last week to restrict large banks vying for city contracts from using predatory sales goals in response to the furor over Wells Fargo's phony accounts scandal. breaking_news compliance cfpb law-regulation

LA Lakers Return PPP Loan

PYMNTS

Treasury rolled out its latest Paycheck Protection Program (PPP) funding to rescue small- to medium-sized businesses (SMBs), the Los Angeles Lakers returned $4.6 million to the fund, the team said on Monday April (27), according to the Los Angeles Times. As the U.S.

Passport, the technology business for city transit systems, raises $43 million

PYMNTS

Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million.

LA Looks To Boost Taxi Industry With Rideshare-esque Revamp

PYMNTS

To fight back against the dominance of ridesharing apps, the City of Los Angeles is enacting sweeping changes to its taxi system. Ridesharing government regulations LA Los Angeles Lyft News regulations taxi system Taxis Uber What's Hot

Toronto To Launch ‘Digital Main Street’ To Help SMBs Get Online

PYMNTS

Meanwhile, authorities in Los Angeles have put together lists of various places where people can get food or financial aid or other needs. SMBs canada COVID-19 digital ecommerce international Los Angeles Main Street News OfferUp Retail Toronto What's Hot

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SoFi Signs Deal For LA Stadium Naming Rights

PYMNTS

SoFi has announced that it has signed a 20-year agreement with LA Stadium and Entertainment District at Hollywood Park to be the exclusive naming rights partner of the new SoFi Stadium, the future home of the Los Angeles Chargers and the Los Angeles Rams.

LA’s CREXi Real Estate Marketplace Lands $30M For Digital Expansion

PYMNTS

It has nestled its way into the Los Angeles area, one of the U.S.’ With its high numbers, CREXi has joined the elite ranks of Los Angeles-based startups that have raised funding and reshaped the real estate industry.

Vans Skates Into LA With Community-Driven Concept

PYMNTS

Youth-oriented shoe and apparel brand Vans has found the intersection of both, as seen in its most recent store opening this past week in Los Angeles. The latest store, called Forum, opened in Los Angeles on Nov. There’s community-based and community-driven.

Alibaba Has Big Plans For Olympic Tech

PYMNTS

The sponsorship deal runs for 12 years, started in 2017 and runs through the 2028 Olympic Games in Los Angeles. “We International alibaba Los Angeles News Olympics paris sponsorship Technology Tokyo What's Hot

Uber Files Federal Suit Against LA Over Data Demands

PYMNTS

In an unexpected twist for a tech company, Uber has filed a federal lawsuit against the Los Angeles Department of Transportation (LADOT), one that has been brewing for 18 months, according to a Wall Street Journal report on Wednesday (March 25). At issue is the Los Angeles rule that requires companies to provide real-time geolocation data at the starting point and endpoint of each trip and the full ride route within 24 hours, via LA’s Mobility Data Specification (MDS).

Alibaba Promises To ‘Transform And Upgrade’ Olympic Games

PYMNTS

The sponsorship deal runs for 12 years, started in 2017 and runs through the 2028 Olympic Games in Los Angeles. “We International alibaba Los Angeles News Olympics paris sponsorship Technology Tokyo What's Hot

MidFirst in Oklahoma City to Buy 1st Century in Los Angeles

American Banker

MidFirst Bank in Oklahoma City has agreed to buy 1st Century Bancshares in Los Angeles. breaking_news community-banking m-a ca ok dealmaking-strategy

Elon Musk Plans Candy Venture

PYMNTS

Though Musk has an ambitious tunneling project called The Boring Company , which aims to alleviate Los Angeles traffic by creating a network of tunnels beneath the city, the company has also raised funds by selling a bizarre line of Boring Company-branded products, such as a flamethrower. Retail Cryptocandy Elon Musk Elon Musk Companies Los Angeles News The Boring Company What's HotElon Musk just might become the next Willy Wonka with his latest venture.

Alipay And Yelp Partner To Give Chinese Travelers Access To Reviews

PYMNTS

In a press release, Alipay said that with the beta launch, any of Alipay’s more than 520 million users visiting North American cities, such as New York City, Los Angeles, Las Vegas and San Francisco, can now easily discover, plan, make reservations, share experiences and pay for them via online payments at any local business using Yelp’s content.

Welcome To Alexa City

PYMNTS

Los Angeles was, perhaps unsurprisingly, the first U.S. Los Angeles. The City of Angels launched its Alexa skill during the 2016 holiday season and leveraged it to push out information about holiday events in the area. The Los Angeles Information Technology Agency, which developed the skill, soon taught Alexa to provide information about reading times at local libraries and information about City Council members and upcoming sessions.

Elon Musk Backs His Own Groundbreaking Tunnel Plan

PYMNTS

Tesla Founder Elon Musk has added another prong to his master plan to save the world, an ambitious tunneling project called The Boring Company that aims to alleviate Los Angeles traffic by creating a network of tunnels beneath the city. The Boring Company is working to reduce costs, tunnel sizes and project lengths for new ventures — first in Los Angeles, then in other markets. Dos Equis has the “Most Interesting Man in the World.”

Voice Activated Tracker: Alexa Goes Hollywood

PYMNTS

Now, Los Angeles has even begun to develop location-specific skills for Alexa, with tentative plans to bring Google’s Allo and Microsoft’s Cortana along for the ride. But like most things, Los Angeles is starting off small with its AI assistant integrations — testing the digital waters rather than diving in head-first. Launched last month, users could ask Alexa to find holiday events in the Los Angeles area by saying, “Alexa, ask L.A.

The Uber Of Fitness Trainers: Handstand

PYMNTS

Currently offered in a session subscription payment method, Handstand is available in Los Angeles and Orange County; the plan is to roll it out to Boston, New York, San Francisco and Chicago. uber of x fitness handstand Los Angeles News startups Uber of XDid you know that physical trainers and fitness instructors only get paid a very small fraction of the cost you pay the gym per hour?

The Rise Of The Chinese Tourist – And The Power Of Using Payments To Greet Them

PYMNTS

When Los Angeles first began its efforts to market to international tourists in 2006, China wasn’t much of a consideration. Chinese tourism is a big deal for Los Angeles. tourism Los Angeles tourism Mobile Payments NewsWith all of the nations that sent tourists to L.A., China didn’t even make the top 10 a little over a decade ago.

Millennials’ Perfect Combo: Taco Bell And Forever 21

PYMNTS

Submitted images will serve as inspiration only, however — though they may appear on screens alongside models at a preview runway event in the Los Angeles Fashion District on Oct. Retail Fashion Line Fashion News fast fashion Forever 21 Los Angeles Fashion District News partnerships Taco Bell What's HotWant to wear your love of tacos on your sleeve? And no, we don’t mean sauce stains.

Uber Of X: Bark’N’Borrow

PYMNTS

So, we went from 600 profiles in Los Angeles to 12,000 over eight hours after our New York Times story. uber of x Borrow Dogs ecommerce Los Angeles Pet owners Pets sharing economy Uber of XDog lovers rejoice! If you ever wanted a dog but couldn’t care for it full-time, you’ve got an opportunity here. If you have a dog and are looking for a new “dog-sitter,” you’ve got an opportunity here. Meet Liam Berkeley, founder and CEO of Bark’N’Borrow.

Nipton, Calif., Goes To Pot, Literally

PYMNTS

Merchant Innovation American Green California Cannabis cannabis commerce Congress Innovation Jeff SEssions Las Vegas Legislation Los Angeles Marijuana narcotics Nevada News Nipton CA pot pot tourism Retail Retail Feature Tourism weedIn real estate and in retail, location is everything. Malls operated on that theory for years: Put a few anchor stores in to draw foot traffic and the smaller ancillary stores feast on the revenue rewards of being close by.

Cannabis Startups Expected To Boost Warehouse Rents In Boston, L.A.

PYMNTS

Industrial rents in already-expensive cities like Los Angeles and Boston are expected to get a boost because of weed startups, according to Bloomberg Markets. Real Estate boston legalization Los Angeles Marijuana News Recreational marijuana Rent Retail startups warehouse weed What's HotSpace in those cities will be snapped up as part of a wave of pot legalization that was set in motion when eight states voted to permit cannabis in some form.

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Boston Vs. NYC Vs. LA Exits: New York Wins On Quantity, LA On Big Winners

CB Insights

Outside of Silicon Valley, New York has seen the most venture-backed companies exit since 2012, over Boston and Los Angeles. Geographies Los Angeles Massachusetts New YorkIn fact, nearly half, 44%, of all the exits in the three cities over the last five years were for … Continued.

LA Rising: Finacing, Deal Share, And Investor Trends In A Blossoming Tech Hub

CB Insights

The Los Angeles metro area is home to tech unicorns such as Snap, The Honest Company, Age of Learning, and Procore Technologies, among others. Funding & Dealflow Geographies Los Angeles Venture CapitalAs LA’s community of tech talent, entrepreneurs, and founders continues to grow, the area is seeing a … Continued.

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LA vs. NY vs. Boston: Deals And Dollars Showdown

CB Insights

Financing & Exits Geographies Los Angeles Massachusetts New York Venture CapitalWhile Silicon Valley remains the top area for VC-backed startup funding, activity has long since defused to New York and beyond, with LA and Boston seeing a large number of deals and dollars flowing to startups in the region. Below … Continued.

Visa to buy Verifi to improve risk and chargeback management

Payments Source

Visa has signed a definitive agreement to acquire the Los Angeles-based chargeback and dispute resolution platform provider Verifi. Risk management Chargebacks M&A Visa

PacWest reports 1Q loss over goodwill impairment charge

American Banker

The Los Angeles regional bank recorded the $1.5 billion noncash charge after its stock price ended March below its tangible book value. CECL Bank stocks Earnings