Runaway inflation has raised fears that the economy is headed towards a return of stagflation but a host of Wall Street banks such as Goldman Sachs and HSBC believe there remains opportunities for investors to safely navigate this tricky backdrop. UCG | Getty Images What is stagflation? Stagflation is a term coined in the 1970s when there was simultaneous high …
Betsie Van der Meer | DigitalVision | Getty Images The buy now, pay later phenomenon is showing little signs of slowing down. Shoppers have flocked to the option over the last year as online shopping has surged amid the pandemic, benefiting fintech companies like Affirm, Klarna, and Square‘s Afterpay, while also prompting other payment platforms like PayPal to move further in that …
Antoine Walker, former professional NBA player Shareif Ziyadat | Getty Images In 2008, at the end of his 13-year basketball career, Antoine Walker had amassed $108 million. Two years later, he had nothing. “I came into the league at 19 years old,” he said. “I came from humble beginnings, so I was not used to having money at all.” When …
Shoppers fill a Target Store on a Black Friday in Chicago. John Gress | Corbis Historical | Getty Images “Buy now, pay later” has become a popular payment tool among young consumers, replacing standard bank credit cards. And this year, the largest retailers are adapting to the trendy payment option for the holiday shopping season. But it comes with a warning: defaults on “BNPL” payments have been rising …
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications from small businesses, including demographic and pricing data and reasons for which lenders deny a loan. The rule would help …
Airlines have been degrading the value of points for years There have already been some post-pandemic shakeups to rewards point systems. Southwest, for example, changed the number of points it takes to earn a free ticket in April. And as more and more people take to the friendly skies, analysts like Rossman say additional changes are on the way. For …
