CFPB Study Outlines Need for “Buy Now, Pay Later” Rules
Researchers found BNPL often relies on data collection and other consumer risks.
The Consumer Financial Protection Bureau (CFPB) is gearing up to place the same type of stringent protections it places on credit card companies on the “Buy Now, Pay Later” (BNPL) industry, following the...
Taiwan October Export orders Likely contracted Again, But at Slower Pace- Reuters Poll
Taiwan's export orders likely contracted again in October as global demand for technology cools though at a slower rate than the previous month, a Reuters poll showed on Friday The median forecast from a poll of 13 economists was for export orders to fall...
Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation
Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The Japanese yen rose 0.1% to an over...
Japanese Yen Rallies to 4-month High on BoJ Policy Tweak, Asia FX Slips
Most Asian currencies fell slightly on Tuesday as fears of a potential recession persisted, while the Japanese yen rallied past its peers after the Bank of Japan tweaked its ultra-dovish policy, drumming up hopes for an eventual pivot. The yen jumped 2.7% to 133.14...
Asia FX Weakens as Dollar Steadies from BOJ Shock, Yen Slips
Most Asian currencies fell on Wednesday as the dollar steadied from a sharp tumble against the yen, while the Japanese currency retreated slightly from a four-month high as markets digested a surprise policy shift by the Bank of Japan. The yen fell 0.3% to...
Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets
Most Asian currencies retreated on Thursday as weak U.S. economic data pushed up fears of a potential recession, while the Japanese yen recouped most of its recent losses on speculation that the Bank of Japan may yet increase its yield control range. The yen...
Oil Extends Rally as U.S. Supplies Tighten Ahead of Demand-Heavy Holidays
Oil prices extended gains into a fourth straight session on Thursday after inventory data showed that U.S. supplies remained tight ahead of a demand-heavy holiday season, although caution ahead of key economic readings kept gains limited. Data on Wednesday showed that U.S. crude inventories...
Venezuelans Protest and Clash with Police Over Disputed Election Results
Protests Erupt in Caracas
Security forces in Venezuela have used tear gas and rubber bullets to disperse protesters in Caracas following a disputed election result. Thousands gathered in the city center on Monday evening, many walking long distances from surrounding slums to protest President Nicolás...
Coke and Pepsi Face Backlash in Muslim-Majority Countries
Consumer Boycotts Target U.S. Brands Amid Gaza Conflict
Coca-Cola and PepsiCo, having heavily invested in markets across Egypt and Pakistan, are now facing a significant backlash due to consumer boycotts. These boycotts are largely driven by opposition to U.S. support for Israel amidst the ongoing...
Blue Yonder Hit by Ransomware Attack, Disrupting US and UK Grocery Chains’ Operations
Blue Yonder, an Arizona-based software company acquired by Panasonic in 2021, has confirmed it was targeted in a ransomware attack this weekend. The attack primarily impacted the company’s private cloud services, which it provides to some clients, including major grocery chains in the US...