Financial Highlights from the Recent Week You Should Know About:
- SUPPLY CHAIN: How much inventory is too much to account for tariffs?
As the tariffs on, tariffs off game keeps playing out – some companies are buying more and stocking up in case prices end up skyrocketing.
But how much inventory is too much?
See what some companies are doing in this volatile market. - FINTECH: Buy now, pay later – but customers are not paying…
Buy now, pay later fintech, Klarna, was garnering a lot of attention.
However, these days they’re getting the attention that is not the good kind.
As customers are opting to buy now and pay in installments later, many are just not paying at all.
The company reported that credit losses increased 17% from Q1 of 2024. - CRYPTOCURRENCY: Hong Kong passes stablecoin bill.
Hong Kong has passed a new stablecoin bill that requires stablecoin issuers to obtain a license issued by the Hong Kong Monetary Authority.
Stablecoins are tied to real-world assets such as commodities or fiat-currencies versus digital assets like Bitcoin which are not more volatile since they’re not tied to any real-world asset. - JOBS: TD Bank Canada lays off 2% of workforce
The Canadian banking giant plans to layoff 2% of it’s workforce (approx. 2,000 jobs) to cut costs and plans to re-allocate resources to digital and AI investments.
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