Author: BLMS MEDIA
Buy now pay later users are increasingly paying much later. Klarna, one of many companies that allow users to purchase something now and pay in installments over time, said last month consumer credit losses in the first three months of the year rose 17% from a year ago. Klarna attributed the increase to “significant growth…As Klarna issued many more loans during the quarter, the total dollar value of losses naturally rose as a result of increased volume.” Still, Klarna’s global percentage of unpaid loans inched up to 0.54% from 0.51%, and earlier surveys mirror that uptick. A survey by LendingTree showed 41%…
After years of fitful progress, Americans with 401(k) accounts are finally saving enough for retirement – almost. That’s the takeaway from the latest retirement savings report from Fidelity, a leading plan manager. In the first three months of 2025, the total 401(k) savings rate on Fidelity plans reached 14.3%. That’s an all-time high, and it approaches the 15% benchmark that many financial advisers set for optimal retirement savings. Advertisement: High Yield Savings Offers Powered by Money.com – Yahoo may earn commission from the links above. A decade ago, in the first quarter of 2015, employees contributed 8.1% of their pre-tax…
Boeing’s Air Force One project has fallen years behind schedule and billions of dollars over budget amid continued labor and design hiccups. The Government Accountability Office said in a report this week that “ongoing design issues, modification rework, and workforce challenges” are still plaguing the manufacturer. The Trump administration has resorted to procuring a $400 million jet from Qatar to serve as the interim Air Force One. Boeing is continuing to battle production issues plaguing the jets that will serve as Air Force One, according to the Government Accountability Office (GAO). The Pentagon told the congressional auditors that “ongoing design…
(Bloomberg) — It’s the kind of geopolitical flashpoint that might once have triggered a full-blown market meltdown: Israeli warplanes struck Iranian nuclear sites, Tehran vowed revenge — then followed through. Oil spiked. Most Read from Bloomberg Yet in a year where crises have come in waves, traders from London to New York opted to hold their breath rather than flee en masse. Yes — gold climbed, stocks slid and bonds seesawed, but there was no big stampede. The S&P 500 finished the week down modestly and remains less than 3% below its record high. Crude gave back some of its…
Everyone should keep an eye on this Persian Gulf island originally appeared on TheStreet. Kharg Island is a small island in the Persian Gulf. It lies 16 miles off the northwest coast of Iran. It’s 451 miles from Tehran, Iran’s capital — roughly the distance from Detroit to New York City. It is just five miles long, about 40% the size of New York’s Manhattan Island. And 125 from Iran’s border with Iraq. 💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsletter💰💵 It is also unique in the Persian Gulf. The island’s limestone foundation allows it the luxury of fresh…
(Bloomberg) — President Emmanuel Macron said France would be available to conduct joint exercises to improve security in Greenland, the Danish territory coveted by US President Donald Trump. Most Read from Bloomberg “Greenland is subject to preying ambitions,” Macron told reporters in Nuuk, Greenland, Sunday alongside Danish Prime Minister Mette Frederiksen. “Everyone thinks — in France and in the EU — that Greenland shall neither be sold nor taken.” The French President said a US annexation would be a “crazy” scenario and called for joint exercises in the Arctic region, including Baltic and Nordic states, with Canada and even with…
simonapilolla/Envato Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Retirees are flocking to some states in droves. While their motivations aren’t entirely clear, the growing cost of living — especially property taxes — is a likely factor. A John Burns Research and Consulting study ranked states based on their highest and lowest median property tax rates. Advertisement: High Yield Savings Offers Powered by Money.com – Yahoo may earn commission from the links above. Those who are ready might look to West Virginia and South Carolina — two states standing out as retiree…
Senate Finance Committee Chair Mike Crapo on Monday unveiled a long list of changes to how the GOP’s “big, beautiful bill” would execute a major tax revamp and Medicaid cuts — two of the thorniest policy fights in the sweeping legislation. The release comes after closed-door negotiations between Crapo and his colleagues over how far to go in revising the draft of the tax, immigration, energy and defense megabill approved late last month by the House. And the changes could potentially delay the legislation lawmakers are now trying to rush to President Donald Trump’s desk by their July 4 recess.…
Your credit scores play a key role in your personal finances and daily life, from the interest rates you qualify for to whether you can rent an apartment or get approved for a loan. Think of a credit score like your financial grade point average: The higher your score, the better you appear to prospective creditors. But how does your score stack up against others in your state — or across the country? Here’s a breakdown of the average credit score in every U.S. state, and what regional trends reveal about Americans’ financial health. According to the latest analysis by…
Credit cards are popular with Americans — and so are the points, rewards and perks that come with them. That’s why some Americans devote time and energy (and spending) to optimize multiple rewards programs and claim rewards they wouldn’t otherwise be able to afford, such as flying business class. The number of credit card accounts in the U.S. has increased steadily over the past 15 years; in 2023, 82% of adults had a credit card. About half of cardholders carry a balance and, in the first quarter of 2025, Americans were carrying a near-record total of $1.18 trillion in credit…