Author: arthursheikin@gmail.com

[ad_1] CNN  —  How well — or how poorly — Americans are managing their Buy Now, Pay Later loans soon could be reflected in their credit scores. FICO plans to launch a suite of credit scores later this year that incorporate BNPL data, providing lenders a window into what’s been a big blind spot: consumers’ repayment behavior on these increasingly popular installment loans. BNPL loans can serve as an alternative to credit cards and are used by consumers who are seeking more flexible payment options, who want to overcome a tight financial spot, or who are looking to smooth out…

[ad_1] Here are Monday’s biggest calls on Wall Street: JPMorgan reiterates Amazon as overweight JPMorgan said it’s sticking with shares of the e-commerce giant. ” Amazon remains our best idea and our December 2025 PT of $240 based on ~32.5x our 2026E FCF of $75B.” Goldman Sachs initiates Tyson Foods and Hormel as buy Goldman said it sees “strong protein demand” for both companies. “We expect near-term supply reductions in turkey to support our Buy rating on HRL , along with its solid packaged food portfolio, including a recovery in its Planters nut business. We also believe the cyclical low…

[ad_1] For many of us, the dream of homeownership has never felt more out of reach. Sky-high interest rates, low inventory, and bidding wars have pushed prices well beyond what many can afford. In high-cost-of-living areas like New York City (where I live), the situation feels even more impossible.In May, the median sold price of homes in Manhattan was over $1.3 million. Try finding an affordable “starter home” in that market!Although the suburbs might offer better prices, my husband and I weren’t ready to leave the city yet — longer commutes, less walkability, and weekends spent on lawncare didn’t appeal…

[ad_1] Washington CNN  —  Some Federal Reserve officials are joining President Donald Trump in calling for lower interest rates as soon as July. Fed Vice Chair for Supervision Michelle Bowman on Monday downplayed the potential impacts of Trump’s tariffs on prices and said the US central bank should swiftly lower rates to preserve the labor market’s health. “It is time to consider adjusting the policy rate,” Bowman said. “Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting in order to bring it closer to its neutral setting and to sustain a…

[ad_1] CNN  —  Tesla’s much-publicized robotaxi service began this weekend — but only in one neighborhood in Austin, Texas, only for a select group of the company’s fans and only with a Tesla employee in the front passenger seat. It was a far more modest rollout for robotaxis than Tesla CEO Elon Musk had promised. While other companies have already achieved and surpassed this initial test, Tesla fans still cheered the unassuming launch as a game-changing first step. Musk has promised since 2019 that Tesla was on the verge of providing a wide-ranging ride-hailing service that would change the basic…

[ad_1] Melius Research sees more room for Advanced Micro Devices to run. Analyst Ben Reitzes upgraded shares of the artificial intelligence play to buy and hiked his price target by $65 to $175. Reitzes’ price target suggests the stock can surge 36.5%. “Many things have changed for the better since the beginning of the year,” Reitzes wrote to clients in a Monday note. “If we are right, the stock has a lot more to go, despite missing the initial move off the bottom.” AMD shares have rallied more than 24% in the second quarter. Reitzes said the surge has been…

[ad_1] Rides around Austin, Texas in Tesla ‘s robotaxi exceeded high expectations set for the event, according to well-known Wedbush analyst Dan Ives. “Going into it, we expected to be impressed,” Ives wrote to clients on Sunday after attending the electric vehicle maker’s automated taxi launch event. “But walking away from it, all there is to say is that this is the future.” Ives, who took two rides that lasted around 15 minutes on Sunday, described the experience as “comfortable,” “safe” and “personalized.” He said the car had perfect navigation and picked him up at his exact location. While there…

[ad_1] Deutsche Bank moved off the sidelines on Estee Lauder , citing improved business fundamentals. Analyst Steve Powers upgraded shares of the fragrance and personal care product stock to buy from hold. Powers also lifted his price target by $24 to $95, which now implies 26.3% upside from Friday’s close. With the increase, Powers holds the highest price target for the stock on Wall Street, per LSEG. Still, the average price target from analysts implies shares can decline more than 10% over the next year. He’s also one of only a few bullish analysts on the Street, with the majority…

[ad_1] This as-told-to essay is based on a transcribed conversation with 41-year-old Srikanth Narayan, the CEO and founder of Cache, from the San Francisco Bay Area. The following has been edited for length and clarity.My career began in San Francisco. I’ve been in Silicon Valley ever since, working at both startups and Big Tech companies.In 2021, after roughly eight years working at Uber and then Waymo, an Alphabet subsidiary, I decided it was the right time to take a leap and become an entrepreneur.I had built a healthy financial cushion and was ready to take a risk and create a…

[ad_1] The venture capitalist and former tech executive Peter Deng says he looks for self-starters when hiring.Deng, a general partner at the venture capital firm Felicis, spent over a decade at Meta, where he served as the head of product at Facebook and Instagram. Deng joined OpenAI in May 2023 as its vice president of consumer product. He left the ChatGPT maker in July.”There’s a saying that I have, which is what I really optimize for everyone that I support and everyone I hire, which is in six months, if I’m telling you what to do, I’ve hired the wrong…