Buy now, pay later firm Klarna cuts losses in first half but fails to post profit
Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as…
Here’s what the U.S. hopes China will do after Raimondo’s trip
BEIJING — U.S. Commerce Secretary Gina Raimondo has left Beijing with a few deliverables: plans for formal discussions on export…
China’s EV slowdown drags down Nvidia’s ‘next billion-dollar business’
BEIJING — U.S. chipmaker Nvidia this week soundly beat analysts’ expectations for major revenue lines — except in automotive —…
Jim Cramer takes issue with Wolfe Research’s ‘very gutsy call’ on this financial stock
Discover Financial Services (DFS) stock surged 1.82% Thursday morning following an upgrade from Wolfe Research, to trade around $90 apiece.…
Europe’s Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here’s what’s going on
Spirits were high when Dutch payments firm Adyen floated on the Amsterdam stock exchange in 2018. The company was riding…
China is considering countermeasures to Biden’s executive order
BEIJING — China’s Ministry of Commerce signaled Thursday it would respond, if needed, to the Biden administration’s executive order to…
UK launches £1 billion fintech fund to compete with Silicon Valley
The U.K. has created an investment vehicle to back growth-stage financial technology companies until they can go public, in a…
New A.I. working group aims to shape policy for key Democratic bloc
WASHINGTON — Democrats on Capitol Hill are forming a new working group on artificial intelligence and prioritizing how to prevent…
Bankman-Fried used customer funds for $100 million in U.S. political donations, prosecutors charge
Sam Bankman-Fried used stolen customer funds to make more than $100 million in political campaign contributions ahead of the 2022…
