Category: Banking and Financial Institutions

‘Buy Now, Pay Later’ Lenders Pitch Loans for Needs Like Electricity and Rent

The New York Times – Business:
The rapid growth of pay-later loans raises questions about whether their popularity is driven by consumer preference or desperation.
Why Japan Is Struggling to Stop the Yen’s Decline

The New York Times – Business:
The currency has resumed its slide, eroding gains after the U.S. Treasury intervened to prop it up, as concerns mount about the direction of the country’s spending.
Wall St. Wants Another Half-Trillion Dollars for the A.I. Boom

The New York Times – Business:
Six giant investment firms announced a $500 billion effort to raise money for customers of Nvidia to pay for computing power.
The Fed Didn’t Raise Rates. The Bond Market Did.

The New York Times – Business:
The market is saying risks are rising. That means hardship for home buyers and higher hurdles for A.I. data centers and the stock market. But it’s also a boon for retirees.
Warsh Wanted ‘Regime Change.’ Markets Are Demanding a Reset.

The New York Times – Business:
After his latest appearance set off a bout of volatility, Kevin M. Warsh, the chairman of the Federal Reserve, is under pressure to clear up mixed signals about his commitment to getting inflation down.
A Currency Trader at Heart, Bessent Bets on Japan’s Yen

The New York Times – Business:
Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
Here’s Why the US Is Helping Prop Up the Japanese Yen

The New York Times – Business:
The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.
The Fight Over the World’s Oldest Bank

The New York Times – Business:
Founded in 1472, Banca Monte dei Paschi di Siena has survived wars, pandemics and scandals. But a hostile takeover bid has Tuscans on edge.
Companies Rush to Close Daring Deals Under Trump

The New York Times – Business:
Companies are seizing on what many say is perhaps the most favorable regulatory environment for businesses in years.
A key inflation measure eased in June during a pause in the war with Iran.

The New York Times – Business:
Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.
Fed’s Preferred Inflation Gauge Eased During Pause in Iran War

The New York Times – Business:
Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.
Warsh’s Performance Falls Flat With Markets as Fed Holds Rates Steady

The New York Times – Business:
Kevin M. Warsh has made taming inflation the top priority of his tenure as Federal Reserve chairman. But his hesitancy to embrace the possibility of higher borrowing costs has sparked a backlash.