DoorDash customers can now take out a “buy now, pay later” loan for orders over $35, in partnership with Klarna. Chuck Bell from Consumer Reports advises caution with these loans, as they are often used by people already in debt. Klarna defends the option, stating it is better to repay in interest-free installments than with a credit card, as they conduct eligibility checks and restrict services for missed payments.
Full Article
Trump Trade Policies and Federal Cuts Shake Consumer Confidence
Consumer confidence in the US has plummeted due to anxiety over the Trump administration's trade policies and government cutbacks, with the short-term economic outlook hitting a 12-year low. Tariffs on trading partners are expected to increase inflation, leading to a recent stock market sell-off and decreased consumer spending. Executives are warning of a potential pullback in spending, as uncertainty about tariffs continues to impact consumer sentiment and economic outlook. Full Article
Read more