The Federal Reserve raised its benchmark interest rate by half a percentage point, the biggest rate increase in 22 years in its fight against a 40-year high in inflation.
Inflation is much too high and we understand the hardship it is causing. We’re moving expeditiously to bring it back down,” Fed Chairman Jerome Powell said during a news conference, which he opened with an unusual direct address to “the American people.” He noted the burden of inflati...

What a wild few weeks it has been. The richest man in the world, Elon Musk, has made headlines again as it was announced that he had bought around 9% of Twitter ($TWTR) shares.
That caused the share price of Twitter to surge as much as 27% during the day’s session.
Thereafter, Twitter had revealed in a securities filing on Thursday that Musk offered to buy the company outright for more than $43 billion, saying that the social media platform “needs to be tr...

Pay Attention To The Yield Curve
The rally of the stock market last week has seemingly boosted the confidence of many investors, as the best weekly gain in almost 16 months was recorded.
Is the latest performance in the stock market a sign of good times ahead? Or should we hold a wait-and-see approach toward the latest rebound of the stock market?
The topic of recession has been mentioned very frequently recently, as analysts become increasing...

this game is so cute. Moomoo does a great job in engaging their users!

BNPL is not only a consumer financial product, but also a mobile payment method, as well as a new type of consumer platform that has a higher efficiency and a better experience.
In Europe and the United States, credit card transactions are still the mainstream of the payment market, and mobile payment is in a secondary position. But for millennials/Generation Z young people, they generally understand and welcome mobile payments. At the same time, many of them don't have credit cards, and many hold cards but don't like traditional credit card services.
From the perspective of merchants, in the context of the continuous impact of the new crown epidemic on the global economy, buying first and paying later has brought new traffic, and increased the conversion rate and customer unit price, thus injecting new vitality into retail transactions.
In fact, merchants need to pay 4% to 5% of fees to BNPL companies-higher than the 2% transaction fees they pay to credit card companies. But they are still willing to do so, because the BNPL service does help them acquire new customers.
Therefore, it can be said that the buy-after-pay platform meets the needs of B and C at the same time.