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The loans offer a fixed interest rate and monthly payments over a range of repayment periods. The offering launched with energy company Ovo. More merchants plan to offer it in 2025. Customers will be able to manage their plans and make payments through the HSBC UK banking app. Why it matters: BNPL competition is heating up in the UK.

Those mortgage 鈥済olden handcuffs鈥� are keeping homeowners in place to avoid higher monthly payments, and they鈥檙e also avoiding renovations. Extreme weather was also a drag on sales during the quarter, particularly in seasonal and other outdoor categories. Our take:.

But the housing market continues to face challenges: Mortgage rates remain elevated, constraining inventory. Our take: While Home Depot鈥檚 better-than-expected results bode well for a challenged sector, home improvement retailers may also experience headwinds if the Trump administration implements across-the-board tariffs that could cause costs to spike.

As a result, multiple regional banks are allocating loan loss provisions to cover potential defaults by those most heavily affected. How Florida banks are responding: First Bancorp and United Community Banks have allocated $13 million and $9.9 million, respectively, in loan loss provisions, per Reuters.

The impact: The September rate cut was supposed to herald cooling rates for mortgages and other lending, but they barely budged in its wake. Many lenders had already preemptively priced these reductions into their offers. But if the reduction by 50 basis points repeats itself, mortgage rates may drop further.

The company will pay $142 million in cash and take on $500 million of Grubhub's debt. The transaction is expected to close in Q1 2025. That price tag is roughly 90% less than Just Eat paid in June 2021 at the height of the pandemic to grab a foothold in the US food delivery market.

Farfetch failed to secure participation from enough major luxury brands on its marketplace and took on debt to support its costly ecommerce business. The company was acquired in early 2024 in a rescue deal by Coupang, South Korea鈥檚 largest online retailer. Yoox Net-a-Porter (YNAP) was acquired by watches and jewelry conglomerate Richemont in 2018 but continued to post losses.

This would let the bank accept deposits and make loans directly to US clients. What this means for US banks: Virtually every major US bank is strategizing to earn the trust and loyalty of mass affluent clients鈥攖hose with $100,000 to $1 million in liquid assets. For example:.

The company has a large debt load and a $2 billion payment due this month, which the DirecTV deal would have covered. Without their combined power, the two legacy pay TV companies will continue to see their market shares shrink as digital players throw their weight around. An acquisition or merger with other entities might still be possible.

Persistent challenges in housing, weak consumer confidence, and mounting corporate debt have contributed. While government stimulus measures aim to hit the 5% growth target, they mask deeper structural issues that signal more sluggishness. A tale of two models: Stark differences among China's tech giants show the economy鈥檚 problems and promise.

The company has a large debt load and a $2 billion payment due this month, which the DirecTV deal would have covered. Without their combined power, the two legacy pay TV companies will continue to see their market shares shrink as digital players throw their weight around. An acquisition or merger with other entities might still be possible.

The strategy: To solidify its new identity, NYCB will sell off its mortgage servicing and third-party origination business to Mr. Cooper鈥攆ormerly Nationstar Mortgage, one of the largest home loan servicers in the US, per Banking Dive. This deal is in line with a nationwide trend of nonbanks gaining an increasing share of the mortgage market.

Financial services includes commercial, investment, retail banks, cooperative banks, credit unions, property and casualty, life and mutual insurance, credit agencies, personal and business credit institutions, mortgage lending, tax preparation, hedge funds, private equity, VC firms, wealth management, payment platforms, card networks, and companies engaged in the underwriting, purchase, sale, or brokerage

In March, Musk鈥檚 AI company XAI acquired X in a deal valuing the social app at $45 billion, or $33 billion net of debt. That's a major improvement over late 2024, when Fidelity valued X at just $9.4 billion, but it鈥檚 only $1 billion more than the $44 billion Musk originally paid for the platform.

That reflects the confluence of several factors that weigh on the housing industry, including elevated mortgage rates, limited supply, and political uncertainty. The result is a tough environment for retailers like Wayfair that are closely tied to the housing market.

Note: Buy now, pay later (BNPL) services are defined as installment loan solutions that allow consumers to purchase and finance a product or service and pay in scheduled installments. These services are also known as digital installments, installment lending, and point-of-sale financing. Loan options include no-interest loans, as well as interest-based loans of a predetermined duration.

This is the route Citi Double Cash takes to incentivize revolvers to pay down their credit card loans. Interchange fees, coupled with subscription revenues, would inch the card program toward profitability. The card should appeal to users who would otherwise be drawn to rewards-based BNPL programs. Sources. Capital One Shopping. Citi. Consumer Financial Protection Bureau (CFPB).

This could suggest an improving consumer appetite for spending, a shift to repaying debts, or other types of wealth management products. Regulators believe China鈥檚 urbanization鈥�66.2% in 2023 and projected to reach 70% in five years鈥攚ill provide a further avenue to boost consumption. For comparison, 83.3% of the US population lived in urban areas in 2023. Ecommerce passes the halfway mark.

They may want to open their first credit cards and new checking and savings accounts, and they could be interested in student loan refinancing solutions. Late 20s through early 30s: These customers may be more established in their careers and could want to buy their first homes, get married, start a family, or make bigger purchases such as a new vehicle.

While consumers are used to being targeted with ads based on their search and shopping habits, ad targeting revolving mortgage data or product-level data from debit cards may creep out consumers. In addition, the Consumer Financial Protection Bureau proposed a law guaranteeing consumers鈥� rights over their own data, which would mandate the ability to opt out of sharing data with advertisers.

In late Q3, Paramount announced it would be cutting 15% of its US workforce鈥攁round 2,000 jobs鈥攖o save $500 million annually, reflecting challenges from declining TV viewership, rising streaming costs, and high debt amid the Skydance merger.

To encourage their installment loans, BNPL providers must pair them with better rewards and other incentives that convince consumers to use their products instead of a credit or debit card. They鈥檒l also try to shake their risky reputation.

How we got here: According to the DOJ, Citadel disproportionately focused its mortgage lending on predominantly white areas around Philadelphia from 2017 through 2021, generating far fewer loan applications and approvals in minority communities than its peers.