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  • Jan 16, 2025

UK’s Buy-Now Pay-Later Market Booms Ahead of Crunch Year

(Bloomberg) -- From Apple iPhones to Adidas shoes and Uber Eats takeaways, Britons are using buy-now, pay-later like never before to fund their lifestyles.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesAs E-Bikes Boom in NYC, Some Call for More RegulationsChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesThis model, allow

  • Jan 16, 2025

Morgan Stanley's profit more than doubles on boost from dealmaking, stock sales

(Reuters) -Morgan Stanley's profit more than doubled in the fourth quarter, fueled by a wave of dealmaking and stock sales that drove its revenue to a full-year record. The earnings rounded out a robust quarter for Wall Street banks, which benefited from a surge in mergers and acquisitions due to a strong U.S. economy, interest-rate cuts and expectations of lighter regulation under incoming President Donald Trump. It also wraps up a strong first year for CEO Ted Pick, who had won a three-man contest for the top job.

  • Jan 16, 2025

Wall Street could get a boost from $1 trillion in buybacks, Goldman says

Investors have been hoping Donald Trump's return to the White House next week will boost the U.S. stock market, while Goldman Sachs sees stocks benefiting from the biggest expected company buybacks in at least five years. A corporate repurchase window, when companies can buy their own stock, begins Jan 24. Goldman strategist Scott Rubner told clients in a note sent on Wednesday and seen by Reuters on Thursday that companies that make up 45% of the value of the entire S&P 500 could be allowed to buy back their shares.

  • Jan 16, 2025

US weekly jobless claims increase; labor market conditions still healthy

The number of Americans filing new applications for unemployment benefits increased more than expected last week, but remained at levels consistent with a healthy labor market. Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 217,000 for the week ended Jan. 11, the Labor Department said on Thursday. Claims data tend to be volatile at the start of the year, but have continued to signal low layoffs that are underpinning the labor market and broader economy.

  • Jan 16, 2025

Why are interest rates rising when the Fed has been cutting them?

Swings in the bond market recently sent the yield on the 10-year Treasury above 4.80% and its highest level since 2023. The bond market's moves might seem strange given that the Federal Reserve has lowered interest rates three times starting in September. The Fed has cut its main interest rate by a full percentage point since September.

  • Jan 16, 2025

Oil retreats slightly after boost from US crude draw, Russia sanctions

Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger-than-forecast fall in U.S. crude stocks. The Biden administration on Wednesday imposed hundreds of sanctions targeting Russia's military industrial base and evasion schemes, after earlier levying broader sanctions on Russian oil producers and tankers. With Donald Trump being sworn in for his second term on Monday, "the market is approaching the 'wait-and-see' phase and awaits the reaction from the incoming U.S. administration on the issue" of sanctions, said Tamas Varga at oil broker PVM.

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