Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesKlarna saw its losses jump in the first quarter as the popular buy now, pay later firm applies the brakes on a hotly anticipated U.S. initial public offering.The Swedish payments startup said its net loss for the first three months of 2025 totaled $99 million — significantly worse than the $47 million loss it reported a year ago. Klarna said this was due to several one-off costs related to depreciation, share-based payments and restructuring.Revenues at the firm increased…
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In this photo illustration, the logo of Xiaomi’s XRing O1 chipset is seen on May 19, 2025 in Beijing, China. Xiaomi CEO Lei Jun announced on the evening of May 15 that the company’s self-developed smartphone SoC, XRING 01, will be officially launched in late May.Vcg | Visual China Group | Getty ImagesChinese technology giant Xiaomi will invest at least 50 billion yuan ($6.9 billion) over the next 10 years to develop its own chips, CEO Lei Jun said in a Weibo post on Monday.It’s the latest move by a Chinese firm to double down on home-grown technology amid the…
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Here are Monday’s biggest calls on Wall Street: Oppenheimer adds Nvidia to the top ideas list The firm said it’s sticking with its outperform rating on the stock. “Nvidia has transformed from a graphics company to a premier leading AI computing platform company.” UBS upgrades Archer-Daniels Midland to buy from neutral UBS said earnings have bottomed for the food processing company. “We upgrade to Buy with $60 PT based on underappreciated policy tailwinds and as we see better Nutrition results in the future.” JPMorgan downgrades Netflix to neutral from overweight The firm downgraded the streaming giant mainly on valuation. “To…
Atlanta Fed Chair Raphael Bostic told CNBC on Monday that he currently prefers only one rate cut this year as the central bank tries to balance potential upward pressures on inflation with worries of a recession.The U.S. central bank released projections in March that pointed toward two quarter-point rate cuts in 2025. However, Bostic said Monday that the tariffs have been larger than the Fed expected at the start of the year.”For me right now, I’m expecting it’s going to take a bit longer for that to sort out. … I’m leaning much more into one cut this year, because…
Russian President Vladimir Putin and U.S. President Donald Trump.Mikhail Metzel | Evelyn Hockstein | Via ReutersU.S. President Donald Trump will speak separately with Vladimir Putin and Volodymyr Zelenskyy on Monday in hopes of ending the “bloodbath” in Ukraine, amid concerns over Washington’s ongoing push to broker peace-making.”HOPEFULLY IT WILL BE A PRODUCTIVE DAY, A CEASEFIRE WILL TAKE PLACE, AND THIS VERY VIOLENT WAR, A WAR THAT SHOULD HAVE NEVER HAPPENED, WILL END,” Trump wrote on his Truth social media platform Saturday in his customary all-capitalized comments.The subject of the call will be trade and stopping the “bloodbath” of Russian and…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailRyanair Group CFO Neil Sorahan joins ‘Squawk Box’ to discuss the company’s full-year profit, summer travel demand outlook, impact of tariffs on Boeing deliveries, and more. Source link
U.S. joint military exercise with South Korea in Yeoncheon-gun, South Korea.Getty ImagesSharing the costs of hosting U.S. troops in allied countries has been a favorite topic of U.S. President Donald Trump since his first term in the White House.But as more countries try to eke out a deal to escape the spectre of tariffs in his second term, Trump is making his own moves: bundling negotiations on trade, tariffs, and defense cost-sharing into a single comprehensive deal, which he called “one-stop shopping.”One such country in his sights is South Korea, which is home to about 28,500 U.S. troops known as…
TD Cowen is moving to the sidelines on UnitedHealth . The firm downgraded the health insurance giant to hold from buy and trimmed its price target $308 per share from $520. TD Cowen’s new forecast implies about 6% upside from Friday’s close. Analyst Ryan Langston said changes to the V28 Medicare Advantage model could serve as a lingering headwind over UnitedHealth. “We believe v28 risk model changes are disproportionally impacting UNH given outsized RAF [risk adjustment factor] scores vs industry and 2026 is further effected with the year 3 phase-in,” Langston said. “Accelerating MA cost trend with potential increases in…
Klarna is synonymous with the “buy now, pay later” trend of making a purchase and deferring payment until the end of the month or paying over interest-free monthly installments.Nikolas Kokovlis | Nurphoto | Getty ImagesThe U.K. government on Monday laid out proposals to bring short-term loans under formal rules as it looks to clamp down on the “wild west” of the buy now, pay later sector.Fintech firms like Klarna and Block’s Afterpay have flourished by offering interest-free financing on everything from fashion and gadgets to food deliveries — while at the same time stoking concerns around affordability. The space is…
