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Treasury yields fell Friday after August’s nonfarm payrolls report showed an easing labor market, fueling concerns of an economic slowdown. The yield on the 10-year Treasury was 1 basis point lower at 3.723%. The 2-year Treasury yield dropped 9 basis points to 3.665%. Yields and prices move in opposite directions. One basis point is...

Klarna, the payment processing service provider for e-commerce, is on target to cut its workforce in half to 2,000 by the end of 2025, if it continues to reduce roles at the same rate it has done for the last two years. Latest headcount forecasts from FXC Intelligence come after the firm...

Stellantis, an automotive manufacturer, is recalling around 1.5 million Ram pickup trucks due to a software issue that can disable a vehicle's electronic stability control (ESC). In a statement obtained by Reuters on Saturday, Stellantis explained that the affected pickup trucks' anti-lock brake software may accidentally shut down the vehicles'...

Despite the post-covid hype surrounding subscriptions dying off, a new report from Stripe, the financial infrastructure platform for businesses has found that the subscription economy is still healthy. The Stripe report found that 49 per cent of businesses are planning investments in global expansion to reach new customers over the next twelve months....

Bank loan online banking Experian, the multinational data analytics and consumer credit reporting company, is partnering with Paylink, an affordability software and payments provider, to address affordability restrictions with debt consolidation loans. Through the new partnership, Experian will...

Studying Geography - Looking through magnifying glass at Saudi Arabia on a globe. Tabby, the shopping and financial services app for the MENA region, has agreed to acquire Tweeq, the Saudi-based digital wallet licensed by the Saudi Central Bank.

Job openings fell more than expected in July. The data comes as investors closely watch for signs of further cooling in the labor market amid speculation the Federal Reserve will cut interest rates this month. New data...

President Joe Biden is prepared to block Japan’s Nippon Steel’s proposed acquisition of US Steel, two sources familiar with the matter said, a move that would deal a major blow to the $14 billion merger that has become a lightning rod in an election...

Seamless Europe, the digital commerce event uniting the payments, fintech, retail, and e-commerce industries under one roof, is gearing up for a return this year in Munich, Germany at Messe München. Building on the success of last year’s launch, this year’s event hopes to explore the future of a range...

Nvidia plunged 9.5% on Tuesday, wiping nearly $300 billion off the chipmaker’s market cap and pulling chip stocks down with it. Intel fell almost 8%, Marvell slid 8.2%, and Broadcom lost about 6%. AMD dropped 7.8%, and Qualcomm fell nearly 7%. The VanEck Semiconductor ETF (SMH), an index that tracks semiconductor stocks, was down 7.5%, its worst day since March...