Klarna, a rising star in the buy now, pay later (BNPL) sector, faces significant turbulence as it navigates a challenging financial landscape. In the first quarter of 2025, the Swedish fintech firm reported a staggering net loss of $99 million, starkly contrasting with the $47 million loss documented in the same period a year prior.
Global Finance
Long-term care expenses are an ever-growing concern in the United States, and the figures are staggering. With projections indicating that individuals aged 65 and older may require care that can exceed $100,000—often exceeding even $122,400 for those turning 65 today—many families find themselves unprepared. Unfortunately, a significant number of Americans tend to overlook or underestimate
Gold has served as a reliable safeguard during turbulent economic times, and its recent resurgence underscores this historical role. Following a remarkable 35% increase in value over the past year, there’s an ongoing conversation among financial experts about whether this beloved precious metal can continue its ascent. Notably, David Schassler, a key figure at Van
Warren Buffett, widely regarded as an investment sage, recently made headlines by announcing his planned departure from the CEO position of Berkshire Hathaway after an astonishing six-decade tenure. This revelation comes against the backdrop of his personal acknowledgment of the inevitable effects of aging, underscoring a sentiment that resonates deeply with many: age can shift
In a bold move, New York Attorney General Letitia James has launched a lawsuit against Capital One, leveling serious accusations of financial misconduct against the banking giant. This legal action triggers questions not just regarding Capital One’s marketing practices but also the broader implications of consumer rights in an evolving financial landscape. Capital One is
EToro, a trailblazer in online trading and investment, is making waves with its recent pricing of an Initial Public Offering (IPO) at an eye-catching $52 a share. This key development comes as the Israel-based firm aims to capitalize on a resurgent market appetite for innovative financial services, particularly in the ever-expanding realm of cryptocurrency. The
The U.S. faces an unprecedented tariff environment, with current import duties reaching levels unseen since the Great Depression. A comprehensive report from Yale Budget Lab has unveiled that the average effective tariff rate has surged to 17.8%—the highest point since 1934. This inflationary climb represents a staggering increase of 15.4 percentage points compared to the
In a landscape where financial independence is more crucial than ever, Ric Edelman, a prominent figure in the realm of personal finance, draws attention to a pressing issue: the pervasive lack of financial literacy among Americans. Speaking candidly on CNBC’s “ETF Edge,” Edelman asserts that efforts to enhance financial understanding have fallen short, and this
Navigating the job market today feels like walking through a maze: an environment filled with paradoxes where the overall economy is largely stable, yet job seekers are grappling with the harsh realities of diminished opportunities. Recent statistics indicate that while unemployment rates were at a favorable 4.2% in April, the hiring pace has drastically slowed
In a world brimming with economic uncertainty, the recent decision by the Federal Reserve to maintain its key interest rate at a steady range of 4.25%-4.5% drew notable attention. This move comes at a time when the stakes are sky-high, with the looming effects of the Trump administration’s trade policies reshaping the economy’s trajectory. The
In an unexpected twist during a recent meeting, President Donald Trump expressed a sentiment that could shake the very foundations of U.S. trade policy. Contrary to the longstanding notion that signing trade agreements is essential for fostering economic growth and partnership, Trump asserted that the United States does not need to actively seek them out.
Last week, the investment world was shaken by Warren Buffett’s unexpected declaration during Berkshire Hathaway’s annual meeting in Omaha, Nebraska. For 60 years, Buffett, the Oracle of Omaha, has been a beacon of financial wisdom and corporate success, steering Berkshire from a struggling textile manufacturer to an investment titan with a market valuation nearing $1.2