Is Buy Now, Pay Later the Credit Killer?
One of the most significant developments for consumers as financial technologies have grown by leaps and bounds over the past several years has been Buy Now, Pay Later, or BNPL. BNPL, as the name implies, allows consumers to make a purchase on the spot and then pay the entire price later in installments...
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Yahoo Finance Monthly Report Card Gives Biden a ‘B’
According to Yahoo Finance’s “Bidenomics Report Card,” which measures six economic indicators, a falling stock market and dip in wages are to blame for President Biden’s “B” grade this month. The data, which comes from Moody’s Analytics, compares the current president with his seven predecessors...
Digital Love: How Tech Changed the Dating Landscape Forever
The history of human romance took a dramatic turn in 2013 when Tinder became accessible to everyone with a smartphone. Using mobile phone location, the app played Cupid by displaying profiles of people who were nearby and matched interests and search criteria.
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Bond Investors Playing it Safe With Aggressive Fed Tightening
The Federal Reserve’s hiked interest rates have not eased worries about inflation and growth, causing bond investors to adjust the duration of their portfolios. Such safety trades can mean going short or long, depending on the perceived risk...
Rise of the Business Influencers
The use of “influencers” of one kind or another has become prevalent in today’s social media-dominated world. These savvy, self-styled individuals entertain large audiences on social media and have built followings that have advertisers salivating.
Corporate America Showing Some Insecurity About Economy
Citing economic unknowns, some chief executive officers have limited guidance to investors on future results, fueling the stock market’s recent turbulence, according to Politico. Increasing inflation, housing market instability, the future of damaged supply chains, and the worry about pandemic recovery are undefined factors that have led CEOs to urge caution...
Will Apple Be the Pepsi to Tesla’s Coke?
While few would argue that traditional car companies have been overly concerned with the environment, fuel economy, or even technological innovation in the past, they certainly know how to hop on a trend when there are billions (or hundreds of billions) of dollars up for grabs...
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IMF Predicts Drop in Global Economic Growth
The International Monetary Fund (IMF) projects that global economic growth will decline nearly 1% this year, revising its World Economic Outlook downward for 86% of its 190 member countries. The drop from 4.4% to 3.6% is accompanied by an increase in expected inflation, caused mainly by Russia’s invasion of Ukraine...
Did Buffett Miss the Bitcoin Boat?
The past several years has seen the meteoritic rise, then fall, then rise again in prices of Bitcoin and countless (or at least practically uncountable) other cryptocurrencies. There are the widely known Ethereum, Litecoin, and Ripple; there are the more obscure cryptos, like KodakCoin...
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Russian Invasion Increases U.S. Banks’ Commodities Trading Risk
U.S. banks are reporting increased risk in commodities trading following Russia’s invasion of Ukraine, but signs indicate that Wall Street is managing the fluctuations in asset values, according to first quarter earnings reports...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...