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Walmart and Sam’s Club are offering faster payments and new financing opportunities to assist diverse suppliers in overcoming access-to-capital challenges, company leadership announced last week.
Through a partnership with the financial technology company C2FO, Walmart Inc. has expanded its early payment program using an interface where suppliers pick which of their invoices are to receive early payments, with aims to increase suppliers’ “ability to gain access to working capital,” according to the release. Walmart will first independently fund the program and plans to provide more funding options through collaborations with banks.
The program went online Monday and is

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Trading

Trading

Credit Agricole Profit Rises on Low Provisions, Strong Trading

Credit Agricole SA’s profits jumped in the first quarter, as the bank joined European peers in posting a strong trading performance and lower-than-anticipated charges to cover potential loan losses.

Net income rose 64% from a year ago to 1.05 billion euros ($1.27 billion), after Credit Agricole provided 384 million euros against the possibility of souring loans, below the 564.5 million euros estimated by analysts polled by Bloomberg.

The Paris-based lender’s capital markets and investment banking revenue rose 17% to 708 million euros, beating the highest analyst estimate. Credit Agricole’s asset gathering unit, which houses its asset and wealth management operations

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Business News

Worldwide Business Process Automation Industry to 2026

Desy Papper 7 mins ago

DUBLIN, May 6, 2021 /PRNewswire/ — The “Global Business Process Automation Market By Component, By Business Function, By Deployment Type, By Enterprise Size, By End User, By Region, Industry Analysis and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.

The Global Business Process Automation Market size is expected to reach $19.4 billion by 2026, rising at a market growth of 13.2% CAGR during the forecast period. The utilization of technology to perform repetitive tasks or processes in a business where manual efforts can be substituted is known as business process automation. It is performed with an

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Manufacture

American factories are desperate for workers. It’s a $1 trillion problem

Desy Papper 21 mins ago

Even though US manufacturing activity surged to a 37-year high in March, the industry has more than half a million job openings. Factories are struggling to find skilled workers for specialized roles such as welders and machinists. Manufacturers are even having trouble hiring entry-level positions that do not require expertise.

As many as 2.1 million manufacturing jobs will be unfilled through 2030, according to a study published Tuesday by Deloitte and The Manufacturing Institute. The report warns the worker shortage will hurt revenue, production and could ultimately cost the US economy up to $1 trillion by 2030.

“It is deeply … Read the rest

Money

Hampton Roads businesses trying to tap into new Restaurant Revitalization Fund

Desy Papper 52 mins ago

The fund opened Monday and almost 200,000 businesses applied in the first two days. There is a $28.6 billion money pot to pull from.

NORFOLK, Va. — More money is up for grabs for small business owners in the food industry and it’s already in high demand.

The Restaurant Revitalization Fund opened Monday and almost 200,000 businesses applied in the first two days. There is a $28.6 billion money pot to pull from.

This time around the focus is on specific types of business owners.

Hummingbird Macarons and Desserts owner Kisha Moore applied for the Restaurant Revitalization Fund first thing

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Trading

Credit Agricole Profit Rises on Low Provisions, Strong Trading

Desy Papper 58 mins ago

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Business News

How Apple’s latest iOS update could help Amazon’s growing ad business

Desy Papper 1 hour ago

An illustrative image of Amazon Shopping app seen on a mobile phone screen in front of an old (L) and a new (R) Amazon Shopping app icons displayed on a screen. Amazon has quietly changed its new Amazon Shopping app icon, replacing the blue ribbon on top that drew some unfavorable comparisons. On Wednesday, March 3, 2021, in Dublin, Ireland.

Artur Widak | NurPhoto | Getty Images

Amazon’s advertising business is soaring.

The company’s massive “other” business category, which is primarily (but not exclusively) ad revenue, grew 77% in the first quarter to $6.9 billion in revenue.

Apple’s recent privacy

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