NEW YORK — More Klarna customers are having trouble repaying their “buy now, pay later” loans, the short-term lender said this week. The disclosure corresponded with reports by lending platforms Bankrate and LendingTree, which cited an increasing share of all “buy now, pay later” users saying they had fallen behind on payments. The late or missed installments
Remember the inverted yield curve? Buzz around the recession indicator, which has preceded every economic downturn since the 1960s, has died out over the last few years. As the Federal Reserve hiked interest rates in 2022, long-end Treasury rates dipped below yields on the short end, sparking fears about the economy’s health. But a recession
Bad news for those looking to buy a home: it’s looking like high mortgage rates are here to stay in the months ahead. Mortgage rates have hovered in the 6 to 7% range this year, with the 30-year rate at 6.76% as of last week, according to Freddie Mac. And they’ll stay in that range
Warren Buffett’s famous quote, “be fearful when others are greedy and greedy when others are fearful,” inspired 26-year-old Natalie Fisher to start investing in the stock market in 2020. Fisher’s story isn’t unique. The Oracle of Omaha has been a role model for countless investors throughout his career, with fans regarding him as a father
The Federal Reserve is meeting on Tuesday and Wednesday, so we could see mortgage rates fluctuate a bit this week. Fed officials have made it clear that they want to wait and see how tariffs impact the economy before they make any moves, so it’s unlikely they’ll lower the federal funds rate at this meeting.
Warren Buffett said he would step down as Berkshire Hathaway’s CEO after 55 years, eliciting tributes from investors and business leaders. Buffett, 94, made the announcement on Saturday during the company’s annual shareholder meeting in Omaha, Nebraska. The crowd gave Buffett two standing ovations, acknowledging his career as the longest-serving chief executive of an S&P
The labor market is humming along in spite of headwinds from the Trump administration’s tariffs. Until we see signs of weakening in the economy, mortgage rates are likely to remain near their current levels. On Friday, the Bureau of Labor Statistics reported that the U.S. economy added 177,000 jobs in April, more than expected. The
A career in finance offers many benefits: It tends to pay well, is prestigious, and can lead to a jet-setting lifestyle. Breaking in, however, can require years of toil, planning, and determination. Say you want to be an investment banker who advises tech giants on corporate acquisitions: You will probably want to start applying for
As mortgage rates rise, more borrowers are looking for ways to keep their homebuying costs down. Could an adjustable-rate mortgage be the way to do that? On Wednesday, the Mortgage Bankers Association reported that for the week ending April 11, 2025, the share of borrowers applying for ARMs rose to its highest level since November
It’s been a busy week and a half for financial advisors, as their clients’ portfolios have seen historic moves. The S&P 500’s 10.5% plunge from April 3 to 4 was among the steepest two-day drops ever recorded in market history. The skyrocketing comeback on Wednesday, after President Donald Trump lifted his excess tariffs for most