Private credit and buy-now-pay-later firms are teaming up to cut banks out of the consumer finance supply chain.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
But the new don’t require platforms to report how they interact with credit bureaus, keeping many transactions in a black box.
The agreement with US-based merchants is expected to reduce the credit card titans’ take by a combined $30 billion through 2030.
The mega bank intends to buy the fourth-leading credit card network in the US.
The biggest four banks in the US all saw their customers boost spending in 2023, as delinquencies rise in turn.
Facing eye-watering amounts of debt and record-high interest rates, US consumers have started charging less on their credit cards.
Blue Origin is going slower than SpaceX, but it also nailed a massive rocket launch on the first try. Jeff Bezos is back in the space race.
The listing marks a potentially triumphant comeback story and an insult of sorts to the embattled London stock exchange.
With the way things are going today, it’s becoming increasingly hard to figure out what’s going on with the oil market.