Klarna, a financial technology firm, is making bold moves in the banking sector by introducing new products such as a checking account-like feature and a cashback offering. The company, known for its buy now, pay later loans, aims to disrupt retail banking and incentivize customers to use its platform for managing their spending and saving.
Global Finance
Warren Buffett, also known as the “Oracle of Omaha,” has made headlines after it was discovered that he now owns an equal number of shares in both Apple and Coca-Cola. This comes after he slashed his holding in the tech giant by half, leaving many wondering if this was a mere coincidence or part of
Inflation in the United States has recently dropped below 3% for the first time in over three years, bringing about a shift in the economic landscape. While disinflation, where prices continue to rise at a slower pace, is prevalent in many sectors, some areas are experiencing outright deflation. This deflation has primarily affected physical goods,
UBS CEO Sergio Ermotti recently made some predictions about the future of market volatility. He mentioned that while there could be an intensification of market volatility in the second half of the year, he does not believe that the U.S. is heading into a recession. This statement comes after global equities experienced sharp sell-offs due
The introduction of Zeekr’s new batteries marks a significant milestone in the electric vehicle industry, with the company claiming to have the fastest charge in the world. This innovation aims to address consumers’ concerns regarding battery driving range and ease of charging, which have been longstanding barriers to widespread adoption of electric cars. According to
Mega events such as the Olympic Games and big concerts like Taylor Swift’s tours are known to cause a surge in prices across various industries, including hotels and airlines. However, a recent analysis by UBS suggests that despite the rise in demand during these events, the impact on French consumers may not be as significant
The U.S. unemployment insurance system has come under scrutiny once again due to renewed fears of a looming recession. Experts caution that the system, which struggled during the Covid-19 pandemic, is ill-prepared to weather another economic downturn. Michele Evermore, a senior fellow at The Century Foundation, expressed concerns about the readiness of the system, pointing
In a recent incident at China’s Ningbo port, a hazardous goods container exploded on the YM Mobility cargo ship, causing a fire on board. Fortunately, there were no reported casualties or injuries as all individuals on the ship were safely evacuated. This highlights the importance of prioritizing safety measures in high-risk situations to prevent any
European policymakers have been longing for bigger banks across the continent, and Italy might be on the verge of delivering just that with a bumper round of mergers and acquisitions. Years after a sovereign debt crisis and a government rescue for Banca Monte dei Paschi (BMPS), the Italian banking sector is now catching the attention
After analyzing the recent weaker-than-expected economic data, Claudia Sahm, chief economist at New Century Advisors, has stated that an emergency rate cut by the U.S. Federal Reserve may not be necessary at this point. She argued that while there is no need for an emergency cut, there is a solid case for a 50-basis-point reduction
In times of market turbulence and volatility, investors often seek refuge in bonds. With the recent fluctuations in the market, it is crucial to consider the potential benefits of incorporating bonds into one’s investment portfolio. Bonds offer stability, income, and diversification, which can help investors navigate uncertain market conditions. According to Joanna Gallegos, the co-founder
Warren Buffett’s Berkshire Hathaway has been steadily offloading Bank of America shares over the past 12 consecutive days. This recent selling spree culminated in the shedding of 19.2 million BofA shares, totaling nearly $779 million at an average selling price of $40.52 per share, according to a new regulatory filing. The conglomerate’s total sales of