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“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Klarna has agreed a major new distribution partnership with fellow fintech unicorn Stripe, in a bid to expand reach and add more merchants in the lead-up to its upcoming listing in the U.S. Klarna’s buy now,…

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Cliff Asness. Chris Goodney | Bloomberg | Getty Images Cliff Asness, co-founder of AQR Capital Management, believes bitcoin is in a speculative bubble after the cryptocurrency’s swift rally carried it above $100,000 following the November presidential election. “I’m on the bubble side, on net,” Asness said on CNBC’s “Money Movers” on Monday. “To move me…

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Workers dismantling a mattress. Thomas Lohnes | Getty Images News | Getty Images Consumers in a handful of states are paying to help make the mattress industry more eco-friendly — and more states may follow suit? Four states — California, Connecticut, Oregon and Rhode Island — now levy a flat fee on any mattress or…

An exchange-traded fund provider is helping investors make more bets on Wall Street’s most profitable momentum trades. GraniteShares, which debuted its first installment of single-stock ETFs in 2022, now manages 20 of them. It includes the GraniteShares YieldBoost TSLA ETF (TSYY), which launched last month. The fund gives investors exposure to Tesla. “This is about…

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In this aerial view taken from a helicopter, the Kenneth fire (below) approaches homes while the back side of the Palisade fire (above) continues to burn Los Angeles county, California on January 9, 2025.  Josh Edelson | Afp | Getty Images Insurers exposed to the California homeowners’ market sold off sharply Friday as the devastation…

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