The concept of “Buy Now, Pay Later” (BNPL) has become increasingly popular in recent years, allowing consumers to purchase items and defer payment to a later date. While this may seem convenient at first glance, there are growing concerns about the potential risks associated with this industry. This has prompted the British government to take
Finance
In recent years, the world’s largest semiconductor equipment manufacturers, such as ASML, have experienced a significant surge in their China revenue. According to analysts from Bank of America, the share of China revenue for companies like Lam Research, ASML, KLA Corp., and Applied Materials has more than doubled since late 2022. This spike in revenue
Alphabet, the parent company of Google, reported second-quarter earnings that beat both top and bottom line expectations. Despite the positive earnings report, the stock slipped 1% in after-hours trading. Revenue from its YouTube advertising segment fell short of forecasts, which might have contributed to the decline in stock price. Shares of electric vehicle maker Tesla
The recent surge of money flowing into small-cap stocks has sparked a debate among financial experts. Dave Nadig, ETF journalist and financial futurist, believes that this influx is not necessarily a rotation from winning growth trades. Instead, he sees investors “just buying, buying, buying” as a form of diversification. According to Nadid, investors are looking
As trade tensions continue to escalate globally, top Chinese officials have reiterated the country’s commitment to focusing on its own affairs. Deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, Han Wenxiu, emphasized the importance of prioritizing internal stability and development. He outlined three key areas of focus: the
Buying a new electric vehicle isn’t the only way consumers can access a $7,500 federal EV tax credit. They may also be able to get the money by leasing a car. The Inflation Reduction Act, which President Joe Biden signed in 2022, contained various rules related to consumer tax breaks for EVs. Perhaps the best
JD Vance, the new running mate of U.S. presidential candidate Donald Trump, made headlines with his strong stance on China during his recent speech at the Republican National Convention. Vance emphasized the need to protect the wages of American workers and prevent the Chinese Communist Party from exploiting American citizens to build their own middle
Federal Reserve Governor Christopher Waller has expressed optimism in potential interest rate cuts in the near future, as long as there are no major surprises in inflation and employment data. He believes that the current data trends are aligned with achieving a “soft landing” and suggests that a rate cut might be warranted in the
Small-cap stocks are currently experiencing a significant surge in the market. After surpassing megacap technology shares last week, these smaller companies are now leading the bull market. The Russell 2000 index, representing this group, has shown steady growth, with a 1% increase on Tuesday and reaching its highest level since January 2022. If the index
The price of gold reached a new record high on Tuesday, with futures climbing 1.5% to $2,465.30. This sharp increase was fueled by growing expectations of an interest rate cut in September, leading to heightened demand for bullion. Spot gold also hit an all-time high of $2,465.19 during the session, indicating a significant surge in