Tag: dealing

Why Apple’s BNPL efforts could mark a ‘tipping point’ in lending

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Apple Inc.’s expansion into buy-now pay-later financing could be just the beginning of an attempt to shake up the traditional payments system. The consumer-electronics giant has made other ventures into financial services before, including through its Apple Pay payment technology and a co-branded credit card done with Goldman Sachs Group Inc. GS, -2.00%. However, Apple’s…

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Investment

Wall Street profit expectations for megabanks cooled only slightly despite deep freeze in stocks

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The disconnect between healthy business performance and ailing share prices in 2022 will likely continue for megabanks through this year’s second-quarter earnings season, amid bear market conditions for stocks. Investors will likely be on the lookout for potential headwinds in loan growth and credit quality in the banking industry as JPMorgan Chase & Co. JPM,…

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Investment

Opinion: When the crypto crisis hits (and it will soon), the US will be forced to strip away the cloak of anonymity that facilitates criminal acts and which gives crypto its allure

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CAMBRIDGE, Mass. (Project Syndicate) ithWith cryptocurrency prices plummeting as central banks start to raise interest rates, many are wondering if this is the beginning of the end of the bubble. Perhaps not yet. But a higher opportunity cost of money disproportionately drives down the prices of assets whose main uses lie in the future. Ultralow…

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Investment

Chasing ‘hot dogs’ has damaged portfolios. Here’s how investors fight back, says head of 1.5 billion asset manager.

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We’re in the summer soup of it right now, with a surprise Down Under from Australia’s central bank, which hiked a bigger-than-expected 50 basis points, and a European Central Bank meeting and consumer price inflation still to come this week. Stocks have been jittery as bond yields stay elevated. “A true ‘top’ in yields for…

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Investment