Consumers love buy now, pay later loans. Here’s why banks and credit card companies are wary of them

Buy now, pay later plans offer an attractive alternative to credit cards for consumers: They allow purchases to be split into short-term, typically interest-free installments. “Credit isn’t new. Credit’s been around for thousands of years and credit cards aren’t new. But they’ve had a hard time adapting to consumer needs,” said Michael Linford, chief operating…

Trump says he’s ready to put ‘major sanctions’ on Russia if NATO nations do the same

U.S. President Donald Trump speaks to the media before boarding Marine One upon departure for New York, in Washington, D.C., U.S., Sept. 11, 2025. Evelyn Hockstein | Reuters President Donald Trump said Saturday he is “ready to do major Sanctions on Russia” once all NATO countries have started “to do the same thing” and pause…

Inside the Panama Canal’s mega-project plan to engineer its way through a severe drought future

After a historic drought that paralyzed vessel transits through the Panama Canal, the Panama Canal Authority is moving ahead with major investments in new infrastructure to mitigate future droughts and the risk of low water levels that in recent years plagued the key global trade gateway. The Panama Canal depends on fresh water for its…

Democrats dig in on health care as threat of government shutdown looms

U.S. Senate Minority Leader Chuck Schumer (D-NY) speaks to reporters as Senate Democratic leaders hold a press conference following their weekly policy lunch on Capitol Hill in Washington, D.C., U.S., Sept. 9, 2025. Elizabeth Frantz | Reuters Congressional Democrats are zeroing in on health care as a key sticking point in negotiations with the threat…

UN assembly votes overwhelmingly to back two-state solution to Israel-Palestinian conflict

The U.N. General Assembly voted overwhelmingly Friday to support a two-state solution to the Israel-Palestinian conflict and urge Israel to commit to a Palestinian state, which Prime Minister Benjamin Netanyahu vehemently opposes. The 193-member world body approved a nonbinding resolution endorsing the “New York Declaration,” which sets out a phased plan to end the nearly 80-year conflict….

BlackRock’s Rieder the latest candidate to interview in Fed chair search

Rick Rieder, BlackRock Senior Managing Director, Chief Investment Officer of Global Fixed Income, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC The White House search for the next Federal Reserve chair continues to twist and turn, with BlackRock bond chief Rick Rieder emerging as the…

More investors want public and private assets in their portfolio. Now there’s a benchmark to track this combo

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 14, 2025. Brendan McDermid | Reuters With the desire to have private market exposure alongside publicly traded stocks gaining traction among investors, Morningstar has developed a benchmark to reflect the trend. The Morningstar PitchBook US Modern Market…

‘Bottom of the first inning.’ Winklevoss twins see bitcoin reaching $1,000,000 in 10 years

Cameron Winklevoss, co-founder and president of Gemini Trust Co., left, and Tyler Winklevoss, co-founder and CEO of Gemini Trust Co., on stage during the Bitcoin 2025 conference in Las Vegas, Nevada, on May 27, 2025. Bridget Bennett | Bloomberg | Getty Images The Winklevoss twins, whose cryptocurrency company Gemini Space Station is going public, don’t…

Stocks making the biggest moves midday: IonQ, Warner Bros. Discovery, RH, Adobe and more

Check out the companies making the biggest moves in midday trading: Six Flags Entertainment — The theme park operator jumped 7% after the company reported increased attendance and strong interest in its 2026 season-pass program. Tesla — Shares of the electric vehicle company rose 6%, extending recent gains. Tesla is up nearly 12% over the…