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More people use ‘buy now, pay later’ for holiday shopping, but experts say that’s a double-edged sword and Black Friday suffers the ill wind of high prices and economic worries.

Hi, MarketWatchers. Don’t miss these top stories. Black Friday dilemma: More people use ‘buy now, pay later’ for holiday shopping, but experts say that’s a double-edged sword ‘Buy now, pay later’ offers a new spin on the concept of layaway, which has become increasingly popular among younger, cash-strapped consumers. Read more ‘Most economists are predicting …

More people use ‘buy now, pay later’ for holiday shopping, but experts say that’s a double-edged sword and Black Friday suffers the ill wind of high prices and economic worries. Read More »

Asian markets mixed with China COVID-19 lockdowns, Japan inflation in focus

TOKYO (AP) — Asian shares were mixed Friday as worries deepened about the regional economy and Japan reported higher-than-expected inflation. Benchmarks fell in Tokyo, Seoul and Hong Kong, but rose in Sydney and Shanghai. Oil prices advanced. Investors have their eyes on China’s lockdowns and restrictions to curb the spread of coronavirus infections, as the …

Asian markets mixed with China COVID-19 lockdowns, Japan inflation in focus Read More »

Apple’s biggest iPhone maker, Foxconn, apologizes over paying disputes that triggered protests in China

BEIJING (AP) — The company that assembles Apple Inc.’s iPhones apologized Thursday for what it said was a technical error that led to protests by employees overpaid wages offered to attract them to a factory that is under anti-virus restrictions. Protests erupted Tuesday in the central city of Zhengzhou after employees complained Foxconn Technology Group …

Apple’s biggest iPhone maker, Foxconn, apologizes over paying disputes that triggered protests in China Read More »

Stephen King, Elon Musk reveal: MyPillow will be Twitter’s ‘only advertiser’

“‘Pretty soon the only advertiser left on Twitter will be MyPillow.’“ — Stephen King, on Twitter That was master of horror and bestselling fiction writer Stephen King riffing on the parade of advertisers including GM GM, +0.07%, United Airlines UAL, +0.54% and Audi VOW, -1.69% pausing or scrapping their marketing on the social-media platform since …

Stephen King, Elon Musk reveal: MyPillow will be Twitter’s ‘only advertiser’ Read More »

Employees at the world’s largest iPhone factory in China, beaten, detained after protests: report

BEIJING (AP) — Employees at the world’s biggest Apple iPhone factory have been beaten and detained in protests over contract disputes amid anti-virus controls, according to employees and videos posted on social media Wednesday. Videos on Chinese social media that said they were filmed at the factory in the central city of Zhengzhou showed thousands …

Employees at the world’s largest iPhone factory in China, beaten, detained after protests: report Read More »

These stocks are burning cash fast and might need to raise capital soon, Goldman Sachs flags

Equity strategists at Goldman Sachs GS, +1.07% point out the cost of money is no longer next to nothing. The weighted average cost of capital for US companies has gone from near the lowest level in history to 6%, the highest level in a decade. The 200 basis point increase during the year is the …

These stocks are burning cash fast and might need to raise capital soon, Goldman Sachs flags Read More »

Did Bullard undershoot? Stifel economists say fed funds rate may need to go to 8% or even 9%.

A day after a Federal Reserve official’s market-moving admission that interest rates may need to go to as high as 7%, analysts came up with an even more surprising conclusion: that 7% still won’t be high enough to win the fight against inflation. In a presentation made on Thursday in Louisville, Ky., St. Louis Fed …

Did Bullard undershoot? Stifel economists say fed funds rate may need to go to 8% or even 9%. Read More »

Did Bullard undershoot? Stifel economists say fed funds rate may need to go to 8% or even 9%.

A day after a Federal Reserve official’s market-moving admission that interest rates may need to go to as high as 7%, analysts came up with an even more surprising conclusion: that 7% still won’t be high enough to win the fight against inflation. In a presentation made on Thursday in Louisville, Ky., St. Louis Fed …

Did Bullard undershoot? Stifel economists say fed funds rate may need to go to 8% or even 9%. Read More »