The Consumer Financial Protection Bureau on Thursday announced it is investigating several firms that offer short-term installment loans to customers that are buying goods online. The bureau said it issued subpoenas to Affirm, Afterpay, Klarna, Zip and PayPal, which offers installment loans through its “pay in four” feature. Rohit Chopra, the bureau’s director, said the probe is intended to...
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How Netflix Can Regain Momentum
We’re now just a couple of weeks away from the second-quarter earnings reporting season. And if history is any guide, first out of the gate will be Netflix’s report on July 19, which is likely to be one of the most closely watched tech earnings updates of the quarter. Netflix’s first-quarter report, revealing a tiny drop in subscribers and forecasting a bigger one for the second quarter,...
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