BNPL has traditionally been used to spread out bigger bills over a period of weeks or months.
: Silicon Valley Bank was ‘a soft place to land’ for founders who were women and people of color. Now they don’t know where to turn.
After the collapse of Silicon Valley Bank, diversification has been a focus. But in startups, diversification is “a luxury that some people just don’t have.”
Economic Report: U.S. new home sales rise for the fifth consecutive month
New home sales at 640,000 annual rate in February versus 633,000 in prior month.
Crypto: Fugitive crypto mogul Do Kwon arrested in Montenegro, charged by U.S.: reports
Do Kwon, the former CEO of Terraform Labs, whose stablecoin TerraUSD crashed last year, has reportedly been charged with fraud by the U.S. after being arrested Thursday morning in Montenegro.
Metals Stocks: Gold futures settle at a more than 1-year high as Fed signals only one more rate hike to come
Gold futures on Thursday settle at their highest in more than a year after Fed Chairman Jerome Powell signaled just one more interest-rate hike to come before the central bank pauses.
: Citi CEO Jane Fraser sees no banking crisis afoot
Fraser, the CEO of one of U.S.’s largest banks, sees the demise of Silicon Valley Bank and Signature Bank as contained, with the banking system as a whole in solid shape.
: ‘We were in an extremely fragile state.’ Swiss National Bank President says Credit Suisse takeover averted a bigger financial crisis.
SNB chair Thomas Jordan on Thursday defended the decision by authorities to push for a takeover of failing Credit Suisse over letting the bank go under.
: Who is Alvin Bragg, the Manhattan D.A. who may be set to bring charges against Donald Trump?
A Harvard-educated lawyer, Bragg inherited the Trump probe from Cyrus Vance Jr. and has been a target of conservative criticism over crime in New York since he took office in 2022.
The Moneyist: ‘It feels like a lose-lose’: I have a $10 million net worth. My father-in-law has dementia. Am I responsible for my in-laws if they run out of money?
‘They have a person who has managed their money for many years, but they are overly trusting.’
: ‘Refounded’ Ford announces changes in financial reporting, reiterates margin targets
Ford Motor Co. will report results by three new global business segments rather than by geographic region, the company said Thursday.
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