Fintech company Klarna overhauls its application with a TikTok-like discovery feed as A.I. buzz swirls

Crucial Factors

“Obtain now, spend later on organization” Klarna on Tuesday built some sweeping changes to its application, including a TikTok-influenced discovery feed that endorses products to customers.
David Sandstrom, Klarna’s main advertising and marketing officer, says the company took inspiration from Chinese tech platforms’ skill to goal users with uncanny precision.
Among the other characteristics Klarna is rolling out is a resale alternative that allows people today market applied outfits, electronics and other products through a lover platform.

Source

Finance

Fintechs that raked in profits from high interest rates now face a key test

May 13, 2025

Key Points In 2024, several fintechs — including Robinhood, Revolut and Monzo — saw a boost to their bottom lines from higher interest rates. Now, they face a key test as a broad decline in interest rates raises doubts about the sustainability of relying on this heightened income over the long term. Lindsey Naylor, partner […]

Coinbase joining S&P 500 days after bitcoin soared past 0,000

Finance

Coinbase joining S&P 500 days after bitcoin soared past $100,000

May 12, 2025

Key Points Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired. Shares of the crypto exchange soared in extended trading after the announcement. Bitcoin eclipsed the $100,000 market last week, approaching its record reached in January. Source

Finance

After UK and China trade deals, tariff rate still highest since 1934, Yale report says

May 12, 2025

Key Points The average effective tariff rate on imports is 17.8%, the highest since 1934, even after trade deals reached with China and the U.K. in recent days, according to the Yale Budget Lab. Levies that President Trump placed on other products and countries still remain, including a 10% tariff on almost all trading partners. […]