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Buy Now, Pay Later: New Rules Consumers Should Know

Buy Now, Pay Later: New Rules Consumers Should Know

Buy now, pay later Consumer models are taking the US payments industry by storm. BNPL’s payment models resonate primarily with US online shoppers, who make a modest upfront payment and pay the remaining balance on scheduled due dates – often four payments made over four months. Currently, BNPL mobile apps such as Klarna, Afterpay and …

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Why Alibaba and other Chinese tech stocks are an exception to Goldman Sachs' outlook

Why Alibaba and other Chinese tech stocks are an exception to Goldman Sachs’ outlook

Text size Alibaba and other Chinese tech stocks have been battered since early last year. Qilai Shen/Bloomberg Chinese tech stocks have been battered since many hit all-time highs in early 2021, and the situation hasn’t improved much in 2022. That may be a compelling reason to at least take a fresh look at this sector. …

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'We haven't seen a spike in food inflation yet': Food prices haven't risen so steeply since 1979, with basic groceries up nearly 40%

‘We haven’t seen a spike in food inflation yet’: Food prices haven’t risen so steeply since 1979, with basic groceries up nearly 40%

Food prices continued to rise in August, putting pressure on low- and middle-income households in particular. The cost of food for home preparation rose 13.5% from August 2021, the highest growth rate since March 1979, according to government data. The annual rise in the US consumer price index was 8.3% in August. Overall, food was …

‘We haven’t seen a spike in food inflation yet’: Food prices haven’t risen so steeply since 1979, with basic groceries up nearly 40% Read More »

The Collapse of Meta: This chart shows Facebook's fall among America's most valuable companies

The Collapse of Meta: This chart shows Facebook’s fall among America’s most valuable companies

Threatened by competitive and macroeconomic threats, Meta Platforms Inc. is plummeting into the ranks of America’s largest corporations. After a daily decline of 9.4% in its stock, Meta META, -9.37% ranked 10th in market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since early August. Meta, the parent …

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