The firm, which allows users to spread the cost of purchases over interest-free installments, saw a jump in operating expenses and defaults.Story Published at: August 31, 2022 at 02:43PM
Fintech firm Klarna’s losses triple after aggressive U.S. expansion and mass layoffs
Top SoftBank exec and key Son ally steps back from more roles after losses mount at the Japanese giant
SoftBank’s investment strategy has come under fire after a string of bad bets and a recent rout in technology stocks has battered the fund’s performance.Story Published at: August 31, 2022 at 01:38PM
Bed Bath & Beyond shares crater after meme stock files share offering of undisclosed amount
Bed Bath & Beyond filed to sell stock and raise cash just hours before it’s scheduled to detail a turnaround plan to investors. Story Published at: August 31, 2022 at 12:14PM
Iraq’s ‘extraordinarily toxic’ turmoil is a considerable risk to the oil market, say analysts
Those concerns come on the heels of escalated protests in Iraq after powerful Shiite cleric Muqtada al-Sadr announced his resignation from politics.Story Published at: August 31, 2022 at 10:34AM
Euro zone inflation hits another record of 9.1% as food and energy prices soar
Euro zone inflation hit a new record high in August at 9.1%, exceeding economists’ expectations.Story Published at: August 31, 2022 at 10:07AM
Chinese tech giant NetEase buys Star Wars game maker, marking its first major push into Europe
NetEase and its rival Tencent have been upping their efforts overseas as the Chinese domestic games market slows down amid tighter regulation. Story Published at: August 31, 2022 at 10:13AM
John Bolton says Biden administration is making a ‘stunning mistake’ in pursuing Iran nuclear deal
Saving the Iran nuclear deal is a “stunning mistake” by the Biden administration and the deal will make Iran a “better partner” for Russia, said John Bolton.Story Published at: August 31, 2022 at 09:50AM
China is set to convene a historic meeting on Oct. 16. Here’s what to expect
This year’s gathering takes on additional significance as it’s become a widely watched marker for when China may begin to ease its stringent zero-Covid policy.Story Published at: August 31, 2022 at 09:37AM
Russia’s Gazprom rallies by over 20% after bumper profit and dividend announcement
Russian gas giant Gazprom posted a record first-half profit on Tuesday and promised new dividends to shareholders.Story Published at: August 31, 2022 at 09:32AM
An Iran nuclear deal revival could dramatically alter oil prices — if it happens
Should the nuclear deal be revived, 1-2 million barrels per day of extra oil could hit the market in a comparatively short period of time,” one analyst said.Story Published at: August 31, 2022 at 06:43AM