LISBON, Portugal — Financial technology unicorns aren't in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they're keeping a watchful eye on it for signs of when the market will open up again. Last week, Klarna made a confidential...
Elon Musk endorses Trump’s transition co-chair Howard Lutnick for Treasury secretary
Elon Musk at the tenth Breakthrough Prize ceremony held at the Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. The Hollywood Reporter | The Hollywood Reporter | Getty Images On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on X, a cabinet...
China retail sales beat forecasts in October while real estate slump worsens
BEIJING — China on Friday reported strong growth in retail sales and a decline in real estate investment in October, signaling that the country's recent stimulus push has already worked to bolster certain sectors of its flagging economy. Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said...
Britain’s motor finance industry is in crisis – with banks bracing for billions in payouts
View looking towards the Royal Exchange and in the City of London where the glass architecture of the tower 22 Bishopsgate disappears into mist on 6th November 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Britain's motor finance industry is in disarray, with analysts...