Private credit and buy-now-pay-later firms are teaming up to cut banks out of the consumer finance supply chain.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
But the new don’t require platforms to report how they interact with credit bureaus, keeping many transactions in a black box.
The agreement with US-based merchants is expected to reduce the credit card titans’ take by a combined $30 billion through 2030.
The mega bank intends to buy the fourth-leading credit card network in the US.
The biggest four banks in the US all saw their customers boost spending in 2023, as delinquencies rise in turn.
Facing eye-watering amounts of debt and record-high interest rates, US consumers have started charging less on their credit cards.
Reddit went public this year and is inching towards profitability, a mere 19 years after it was founded, and the future looks bright.
US antitrust enforcement against Big Tech kicked up a gear in 2024 when the DOJ won its case against Google. Does Big Tech need to worry?
This year Big Tech got into the energy game in a big way, and if it wants to chase AI it’ll need even more energy in years to come.