Amazon is mounting a challenge to Instacart through a new partnership with Rite Aid offering same-day deliveries of health, cosmetics and grocery items to Prime members in two U.S. markets. The company plans to test the service in Newark, NJ and Burbank, Calif., allowing Prime members to order deliveries within two-hour windows through a dedicated Rite Aid page on Amazon’s website and app....
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SVB Is Sold, but Other Banks Are Already Filling the Void
After a two-week auction process, Silicon Valley Bank has finally been sold to regional lender First Citizens Bank. But while the sale of the tech industry’s go-to bank was playing out, other banks moved to fill the void. Among the firms moving quickly are SVB rival Western Alliance-owned Bridge Bank and JPMorgan Chase, as well as newer institutions Mercury and Brex. “You can see...
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