Klarna also stated that customer credit losses have skyrocketed to $136 million (£101.27 million), equivalent to a 17% year-on-year increase.
JCPenney will close seven US stores on 25 May as part of ongoing restructuring, following years of financial struggles and a merger forming Catalyst Brands.
Millions in the UK could be owed compensation from Mastercard over inflated fees between 1992 and 2008. A £200m settlement was approved in May 2025, but payments are delayed due to a legal dispute with the funder.
Home Depot has pledged not to raise prices despite Trump's new tariffs, setting itself apart from over half of US companies now hiking costs.
CFPB workers claim that if Donald Trump completely dismantles the consumer watchdog, then ripped-off American products will become more rampant.
Tesla's Cybertruck faces brutal depreciation, with trade-in values plummeting 37-38% in under a year. Originally £94k, some estimates now show £58k.
President Trump is clashing with major companies like Walmart and Mattel, accusing them of falsely blaming tariffs for price increases and demanding they absorb the costs.
Toyota's new bZ5 crossover rivals the Tesla Model Y with double the range and half the price. Is this the Tesla killer we've been waiting for?
Hackers are hijacking myGov accounts to steal tax refunds. How can you protect your money?
Sarandos remarked, 'They had so many years trying to start with so many different brands that this move makes sense'.
This acquisition provides Dick's with access to Foot Locker's extensive international footprint, which includes approximately 2,400 stores in 20 countries.
The merger, announced in February 2024, has left customers wondering about changes to their accounts and financial products.
Dimon's call for swift trade negotiations reflects urgency, as prolonged uncertainty could amplify negative effects, making them harder to reverse.
Experts warn that 100% made-in-the-US cars won't be cheap. Here's how much they could cost.
Uber proudly announced its new autonomous fleet, thanks to a new partnership with Volkswagen. Here's when you can ride it.
A Delaware court invalidated Elon Musk's £45 billion pay deal. But, a new Tesla special committee could reconsider it.
Gopichand Hinduja, widely known as Gopi, has once again been named the wealthiest individual in the UK by The Sunday Times Rich List for the fourth year in a row.
Microsoft recently implemented significant layoffs, disproportionately affecting software engineers in its home state of Washington. This move occurs as AI takes on an increasing role in code generation.
