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Groupon To Stop Merchandise Sales And Concentrate On Experiences

PYMNTS

As it faces a competitive retail market, Groupon Inc. The firm plans to move from its current deal-focused approach to concentrate on local experiences, such as local painting classes or wine-tasting dinners, as The Wall Street Journal reported. intends to discontinue its sale of merchandise by the close of 2020.

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Ripples in the Pond

Barry Ritholtz

The result will be very predictable: concentric rings will expand out from where the mass disrupts the calm surface. I think about this when I see the torrent of forecasts this time of year: Price targets for the S&P, inflation forecasts, and most LOL of all, NRF Black Friday retail predictions. Celebrate with family and friends.

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At the Money: Meb Faber on Tax Aware ETFs

Barry Ritholtz

(December 4, 2024) Are you holding large, concentrated equity positions that have accrued big gains? Meb Faber, founder and chief investment officer of Cambria Investments, speaks about a new ETF that may be the solution to the challenge of concentrated equity positions. Tell us what a concentrated position is.

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US Treasury Tells Banks To Treat Hemp Businesses Like Any Other

PYMNTS

The reminder is intended for banks with clients that include marijuana retailers or individuals that grow, process, or manufacture pot. Hemp, a strain of cannabis with lower concentrations of THC, the substance that makes users high, was legalized in 2018. Hemp Inc.,

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Chatbots: Friend Or Foe Of Retail?

PYMNTS

Over the last few years, chatbots have taken the retail space by storm, helping to automate several key aspects of customer service. Some may argue that retailers should be extra careful when it comes to chatbot development, but others are moving forward at full force. What’s the effect of chatbots on the retail industry?

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Today In Digital-First Banking: China’s Central Bank Tells Ant Group To Concentrate On Payments; China’s Digital Yuan Pilot Wraps Up

PYMNTS

China's Central Bank Tells Ant Group To Concentrate On Payments Business. China's Digital Yuan Trial Sees Spending For Retail, Ridesharing And More. Plus, a Brexit deal has been reached between the United Kingdom and the European Union. There weren’t many more details other than that.

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China's Tests Of Digital Yuan Have Processed 4 Million Transactions

PYMNTS

In August, PYMNTS reported that China's testing of the digital yuan was focused on retail, specifically on small transactions and excluding much larger ones. He said they now have to balance customer safety with the convenience of using the bank's services. In October, PBOC made the decision to issue 10 million yuan ($1.5