Payments firm Klarna launched its U.S business on Tuesday and said Overstock.com, one of the biggest U.S. online retailers, would be its first major retail partner. Sweden-based Klarna, founded in 2005 and backed by investors such as Sequoia Capital and Atomico, is now planning for rapid expansion in the United States, where it will take on rivals such as PayPal and Stripe. “I would be disappointed if we didn’t have
U.S. stocks fell about 2 percent on the first day of trade for September as weak Chinese data pressured global markets.
The market has yet to prove that it has priced in concerns ranging form the China slowdown, emerging-market spillover and Federal Reserve coin toss decision on rates.
Global economic growth is likely to be weaker than earlier expected and will remain at moderate levels, the head of the International Monetary Fund said Tuesday. IMF Managing Director Christine Lagarde …
The U.S. auto industry powered ahead in August, shrugging off gyrating stock markets to stay on pace for the best annual sales since 2001. Early returns on Tuesday indicated sales of about 17.5 million vehicles on an annualized basis, easily besting the forecast of 17.3 million vehicles, according to a Thomson Reuters poll of 47 economists. Roller-coaster stock markets appeared to have no major impact on auto purchases, which are
U.S. construction spending in July climbed to its highest level in more than seven years, boosted by an increase in the building of houses, factories and power plants. The Commerce Department said Tuesday …
Hilton is hailing the ride sharing service Uber to help guests reach its hotels and then explore the city where they are staying. The companies said Tuesday that Hilton guests will be able to set up automatic …
Hillary Rodham Clinton and her aides at the State Department were acutely aware of the need to protect sensitive information when discussing international affairs over email and other forms of unsecure …
New Jersey Governor Chris Christie told late-night television host Jimmy Fallon he won’t keep quiet if he’s passed over for questions during the next Republican Party presidential debate later this month. Making his third appearance on NBC’s “The Tonight Show Starring Jimmy Fallon,” Christie said he counted one stretch during the first debate Aug. 6 in which he went 20 straight questions without being called on. “I’m up there standing
Several weeks of belt tightening at Wal-Mart included asking workers to leave shifts early or take two-hour lunches.
