Economy - Finance > Start-up

Klarna, the $5.5 billion payments unicorn backed by Snoop Dogg, just reported its first annual loss

1 month ago   |   By CNBC

Swedish fintech start-up Klarna has reported an annual loss for the first time, following years of profitability.
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Montauk: Where fintech dealmakers go to the beach

Montauk: Where fintech dealmakers go to the beach

1 month ago   |   By Fortune

Here's a riddle-what do the following all have in common?: Intuit buying Credit Karma for $7.1 billion. Morgan Stanley buying E*Trade for $13 billion. Visa buying Plaid for $5.3 billion. Charles Schwab buying TD Ameritrade for $26 billion. PayPal buying Honey for $4 billion.
Answer: All those dealmakers were in the same room in Montauk, NY last June at Fortune Brainstorm Finance. (And yes, they're also finance deals that happened in the last 100 days.) Watch our interviews from the event featuring Credit Karma CEO Ken Lin , Schwab CEO Walt Bettinger , and Plaid CEO Zach Perret with Morgan...
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Modi And Trump Sign $3.5 Billion Helicopter Deal-More Could Follow

1 month ago   |   By Forbes

At a political rally in Gujarat, President Trump and Indian Prime Minister Modi announced they would sign off on a $3.5 billion arms deal, which would see the sale of 24 Sikorsky MH-60R Sea Hawk multi-role helicopters for the Indian Navy and six Boeing AH-64E Apache Guardian attack helicopters.
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Economy On Lockdown: Jobless Rate Could Be Highest Since WWII

Economy On Lockdown: Jobless Rate Could Be Highest Since WWII

As efforts to slow the coronavirus pandemic temporarily put millions of Americans out of work, forecasters are predicting a record slowdown in the U.S. economy. Read more ...

The model that Trump is using to make decisions about the coronavirus shows...

The model that Trump is using to make decisions about the coronavirus shows shutdowns and social distancing could save 2 million lives

As many as 2.2 million people in the United States are predicted to die from COVID-19 without mitigation, according to an analysis that the White House is using to guide its... Read more ...

How to defer your bill payments if you've been financially affected by the...

How to defer your bill payments if you've been financially affected by the coronavirus

If you've been financially impacted by the coronavirus, you may be able to defer payments on your mortgage, credit card, auto loan, private student loan, or personal loan. Many... Read more ...

March consumer confidence plunge indicates ‘a severe contraction rather than...

March consumer confidence plunge indicates ‘a severe contraction rather than a temporary shock'

American consumers-the backbone of the economy-are feeling less confident as households start to feel the pain of the coronavirus slowdown. Consumer confidence dropped sharply... Read more ...

5 things to consider if you're thinking about opening a new credit card...

5 things to consider if you're thinking about opening a new credit card right now

If you're in a solid financial situation and you already have an emergency fund, opening a travel rewards card could make sense even during this period of financial... Read more ...

Marriott says at least 5.2 million guests' personal information was likely...

Marriott says at least 5.2 million guests' personal information was likely breached - the company's second major security incident in 2 years

5.2 million Marriott guests' information wasn't secured properly for more than a month in 2020, the hotel chain said Tuesday, and was possibly accessed by unauthorized... Read more ...

Trump Administration Weakens Auto Emissions, Rolling Back Key Climate Policy

Trump Administration Weakens Auto Emissions, Rolling Back Key Climate Policy

The Trump administration is replacing Obama-era fuel economy standards with weaker ones that will allow for more air pollution. Groups are already lining up to challenge the... Read more ...

The Coronavirus Economy: What it means to be a travel influencer when no one...

The Coronavirus Economy: What it means to be a travel influencer when no one can travel anywhere

Subscribe to Fortune 's Outbreak newsletter for a daily roundup of stories on the coronavirus outbreak and its impact on global business. Lifestyle blogger and content creator... Read more ...

A tech incubator inside the former US consulate building in Mexico is...

A tech incubator inside the former US consulate building in Mexico is helping startups succeed in the cross-border economy

The border between Ciudad Juárez, Mexico and El Paso, Texas, is a crucial manufacturing corridor where high-skilled labor is increasingly in demand. The Bridge Accelerator... Read more ...

Paul Krugman: The US economy is in a 'medically induced coma' and needs...

Paul Krugman: The US economy is in a 'medically induced coma' and needs massive fiscal aid to weather the coronavirus

Major parts of the US economy have been suspended to combat the spread of the novel coronavirus, and a surge in government spending is essential to offset the slowdown, Paul... Read more ...