Here’s what we have for you today:
• Risk review
• Fulfillment upgrade
• Double-team
Banking view on commercial real estate
The portfolio: Commercial real estate is the area most likely to cause problems for lenders, JPMorgan Chase CEO Jamie Dimon told analysts on 5/22/23.
Stormy days: Commercial buildings in some markets may take a hit as remote workers are reluctant to return to offices as the Federal Reserve has hiked rates to fight inflation.
Closed-door: “You’re already seeing credit tighten up because the easiest way for a bank to retain capital is not to make the next loan” according to Jamie.
Walmart changing things up
The start: Walmart has opened what it’s calling a Market Fulfillment Center in its home market of Bentonville, Arkansas.
Usage: The Market Fulfillment Center, located inside a traditional Walmart store, uses a proprietary storage and retrieval system (named Alphabot) will make an attempt to change how the company has approached filling digital orders.
Efficiency: “Market fulfillment centers will significantly increase the number of orders the store is able to fulfill in a day, promising faster fulfillment with lower substitutions. It also improves the in-store shopping experience by freeing up associates to help customers shopping in-store” according to Walmart.
Paramount streaming on profitability
The combination: Paramount Global’s streaming service Paramount+ will merge with its Showtime app in the US on June 27,2023.
New plans: The Paramount+ with Showtime premium tier will go up to $11.99 from $9.99, while the Paramount+ option without Showtime content will go up by $1 to $5.99.
Cutting board: The combined platforms will also help cut down on content spending, which has been a recent focus for media companies as they look to make streaming profitable.
Got something to tell us?
Empire Codex: If you have any questions or anything interesting to share, let us know! We are open to considering news worthy news.