Financial technology firm Klarna has recently made a bold move by expanding its services into the banking sector. The company, which is well-known for its buy now, pay later loans, has introduced new products that aim to disrupt retail banking and provide customers with more convenient ways to manage their money. Klarna’s New Products One
Alibaba, the Chinese e-commerce giant, fell short of both revenue and net income expectations for the June quarter of 2024. The company reported revenue of 243.24 billion Chinese yuan, missing the expected 249.05 billion yuan. Similarly, net income stood at 24.27 billion yuan, lower than the estimated 26.91 billion yuan. The revenue was up by
Walmart is set to report its quarterly earnings on Thursday amidst growing curiosity from investors and economists about the state of American households and the broader economic outlook. The big-box retailer, being the largest in the nation, plays a crucial role in providing insights into consumer spending habits. According to consensus estimates, analysts are expecting
The recent rejection of a new labor deal by Alaska Airlines flight attendants has stirred up discussions between the union and the company. The proposed agreement, which promised immediate raises averaging over 24%, was turned down by the flight attendants’ union. Despite the tentative agreement reached in June, which boasted significant pay increases over a
Starbucks has offered Brian Niccol, the incoming CEO and Chair, a substantial pay increase and one-time awards in order to attract him from his previous position at Chipotle Mexican Grill. This move raises questions about the company’s decision-making process and whether such a significant financial incentive is truly necessary to secure top talent. While it
The construction boom in the U.S. has led to a decrease in rent prices, offering renters more options and benefits. This surge in construction activity, particularly in the multifamily housing sector, has resulted in a record number of available units for rent. Landlords are now offering rent concessions to attract tenants, such as discounts, incentives,
President Donald Trump recently proposed a bold idea for Social Security – ending taxes on benefit income. This proposal aims to ensure that seniors do not pay taxes on their Social Security benefits, allowing them to keep more of their monthly checks. While this may sound appealing at first, the plan has faced criticism for
In the midst of economic uncertainty, it is crucial for investors to have a solid emergency savings fund set aside. Despite conflicting opinions on the state of the economy, experts agree that having a financial safety net is essential to weathering any storm that may come your way. With the recent stock market volatility and
Norway’s sovereign wealth fund recently announced a first-half profit of 1.48 trillion kroner, with the bulk of the gains attributed to the robust returns on its investments in technology stocks. The Government Pension Fund Global, touted as the world’s largest sovereign wealth fund, revealed that it had a value of 17.75 trillion kroner by the
Recent market volatility has caused UBS CEO Sergio Ermotti to express concerns about the possibility of a recession in the United States. Despite the sharp sell-offs in global equities and the weak economic data coming out of the U.S., Ermotti believes that a recession may not be imminent, but a slowdown is definitely a possibility.