Here’s why banks, credit card companies are wary of buy now, pay later loans

Buy now, pay later plans offer an attractive alternative to credit cards for consumers: They allow purchases to be split into short-term, typically interest-free installments. “Credit isn’t new. Credit’s been around for thousands of years and credit cards aren’t new. But they’ve had a hard time adapting to consumer needs,” said Michael Linford, chief operating…

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Vance blames CDC layoff ‘chaos’ on Schumer, Democrats

Vice President Vance pleaded guilty layoffs canceled Senate Minority Leader Chuck Schumer (D-N.Y.) and “far left” Senate Democrats at the Centers for Disease Control and Prevention (CDC) as the government shutdown approaches two weeks. Earlier, the Trump administration initially fired more than 1,000 CDC employees on Friday Allegedly Reversing course. “Government shutdown inevitably leads to…

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Oil, Nikkei 225, Hang Seng Index, Kospi

Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets pared gains Tuesday as oil prices rebounded, underscoring lingering uncertainty over the Middle East conflict. Brent crude futures for May rose over 3.5% to $103.7 per barrel…

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AI is driving huge productivity gains for large companies while small companies get left behind

Amazon Proteus robots demonstrate autonomous navigation using barcodes on the floor during the Delivering the Future event at the Amazon Robotics Innovation Hub in Westborough, Massachusetts, US, on Thursday, Nov. 10, 2022.  Bloomberg | Bloomberg | Getty Images Artificial intelligence is widening the productivity gap between large and small companies, lifting up bigger firms that…

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