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…
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Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, May 19, 2025. Bloomberg | Bloomberg | Getty ImagesNvidia CEO Jensen Huang made a slew of announcements and revealed new products on Monday that are aimed at keeping the company at the center of artificial intelligence development and computing. One of the most notable announcements was its new “NVLink Fusion” program, which will allow customers and partners to use non-Nvidia central processing units and graphics processing units together with Nvidia’s products and its NVLink. Until now, NVLink was closed to chips made…
Netflix could be due for a slowdown, according to JPMorgan. The firm downgraded the streaming giant to neutral from overweight. The bank did raise its price target to $1,220 from $1,150, but that only implies upside of roughly 2% from Friday’s close. “To be clear, there’s no change to our long-term bullish view on NFLX’s streaming leadership position & the company’s potential to effectively become global TV over time,” analyst Doug Anmuth said. “However, more near-term, following significant stock price appreciation & outperformance, we believe the risk/reward in NFLX shares is becoming more balanced.” NFLX YTD mountain Netflix stock in…
The New Jersey Transit rail strike will end after the Brotherhood of Locomotive Engineers and Trainmen and NJ Transit managers reached a tentative agreement Sunday.Trains will resume running on their regular schedules Tuesday, NJ Transit President and CEO Kris Kolluri said, ending the first strike at NJ Transit in over 40 years. Kolluri urged commuters to work from home Monday until full service picks up again Tuesday. NJ Transit buses will run as normal Monday.Kolluri said the company has a lot to do to ready the railway for safe passage after no use, including checking the railroads, pre-positioning equipment, conducting safety inspections…
U.S. Treasury yields spiked on Monday after Moody’s downgraded the U.S.’ credit rating, citing fiscal concerns.At 4:46 a.m. ET, the 30-year Treasury yield was up over 10 basis points to 5.021%. The 10-year yield also rose 10 basis points to reach 4.542%. Meanwhile, the 2-year Treasury yield was up over 2 basis points, reaching 4%.One basis point is equivalent to 0.01%, and yields and prices move in opposite directions.Investor concerns mounted after the rating agency Moody’s slashed the U.S.’ credit rating on Friday, bringing it down one notch from Aaa — the highest score — to Aa1. The agency attributed the downgrade to the…
U.K. bond yields rise after UK-EU deal British government bond yields are also on the rise in the wake of the EU and the U.K. agreeing to reset their post-Brexit relations.Yields on 10-year U.K. government bonds, known as gilts, were up by around 7 basis points at 9:58 a.m. in London. Bond yields and prices move in opposite directions.— Chloe TaylorBritish pound rallies after UK’s breakthrough deal with EUUK and EU agree to post-Brexit reset deal, sources tell CNBCBritain’s Prime Minister Keir Starmer and European Commission president Ursula Von der Leyen at the European Political Community summit, in Tirana on…
Britain’s Prime Minister Keir Starmer and European Commission president Ursula Von der Leyen at the European Political Community summit, in Tirana on May 16, 2025. Leon Neal | Afp | Getty ImagesThe U.K. and European Union finally agreed to reset relations Monday, sources told CNBC, after Britain’s acrimonious exit from the European bloc in 2020.U.K. Prime Minister Keir Starmer is hosting European Commission President Ursula von der Leyen and other senior officials in London for a much-anticipated summit which is taking place against a backdrop of unpredictable global dynamics — led by the U.S.Three EU officials told CNBC’s Silvia Amaro…
Cristiano Amon, CEO & President, Qualcomm, on Centre Stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Shauna Clinton | Sportsfile | Getty ImagesQualcomm on Monday said it plans to launch processors designed for data centers to power artificial intelligence, which will link to Nvidia’s chips.Nvidia’s graphics processing units (GPUs) have become a critical component in data centers used to train huge AI models that power applications like chatbots. They are often paired with a central processing unit (CPU) — a market dominated by Intel and AMD.Qualcomm said it is planning to launch a…
Young professionals are in the office more than other generations, a recent study by real estate firm JLL found.Whitebalance.space | E+ | Getty ImagesSome ambitious Gen Z professionals are leading the return-to-office trend, eager to climb the corporate ladder, learn from their older peers and upend stereotypes about their generation.Born between 1997 and 2012, many members of Gen Z started their first jobs in the midst of the pandemic. As remote and hybrid work became the new norm, the youngest generation at work were often scapegoated for the rise in empty offices, facing a flurry of criticism for being lazy…
The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters building on April 24, 2025, in Washington, DC, U.S.J. David Ake | Getty Images News | Getty Images U.S. stocks popped last week on the back of a trade truce between America and China, in which they mutually agreed to cut tariffs for 90 days. Technology stocks soared, with Tesla and Nvidia leading the pack. Absent new developments on the tariff front, however, it’s unclear if this buoyant sentiment can last.For one, the U.S.’ credit rating was downgraded by…
