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KKR takes private markets right up to the checkout
  + stars: | 2023-06-20 | by ( Jonathan Guilford | ) www.reuters.com   time to read: +3 min
It’s a cozy arrangement for all involved, and marks another step in private lenders’ encroachment into traditional financiers’ turf. KKR will now purchase and hold up to 3 billion euros of PayPal’s BNPL loans, originated in five European countries and typically a few months in duration. KKR can pump up its returns using leverage – the deal is funded partly from loans made by its own credit funds. Follow @JMAGuilford on TwitterCONTEXT NEWSFinancial technology firm PayPal announced on June 20 that it had signed a multi-year 3 billion euro replenishing loan agreement with asset manager KKR. The deal will see KKR purchase up to 40 billion euros of PayPal’s short-term buy-now-pay-later loans now and in the future.
Persons: Joe, Banks, John Foley, Katrina Hamlin Organizations: YORK, Reuters, Joe Public, KKR, PayPal, Citi, Thomson
The recent rise in Japanese inflation above the BOJ's 2% target is driven mostly by cost-push factors rather than strong domestic demand, Ueda said, adding that responding to such price increases with tighter monetary policy would hurt the economy. "The cost of prematurely shifting policy, and nipping the bud towards achieving 2% inflation, is extremely large," Ueda said. "It's appropriate to take time judging (when to) tweak ultra-easy policy toward a future exit." The remarks came in the wake of data showing Japan's core consumer inflation hit 3.4% in April, staying well above the BOJ's 2% target, on rising food and services prices. Instead of focusing only on the side effects, the BOJ must carefully weigh the balance between the benefits and costs of its measures in determining policy, Ueda said.
Amazon, FedEx, UPS, and the postal service hold 97% of the US package delivery market. Smaller delivery companies were major beneficiaries of the pandemic boom times for e-commerce. "There was a long runway for these delivery companies when FedEx and UPS didn't want your business," said Derek Lossing, an Amazon Logistics alum who now advises investors. Smaller carriers are competing less with UPS and FedEx, and more with each other. UPS and FedEx will still be in the picture, but the smaller players can outperform them in some areas.
I SPY A HIGHLY DEFINED WAIST ‘James Bond’ star Daniel Craig in a trio of recent hourglass looks. AT A MOVIE premiere last October, a star got the cameras flashing with a head-turning hourglass silhouette—nipped-in at the waist and gently flared below. Not Scarlett Johansson, or some Marilyn Monroe manqué, but Daniel Craig, a man who’s famously embodied James Bond. Mr. Craig, 55, smoldered in a cinched navy tux—his latest embrace of waist-nipping tailoring. Along with fellow A-listers including Idris Elba, Mr. Craig is making men want such exaggerated tailoring for one simple reason: The narrow waist accentuates his broad shoulders and chest, making him look more buff.
Want to Look Buff Like 007? Try This Jacket Style
  + stars: | 2023-03-17 | by ( Ashley Ogawa Clarke | ) www.wsj.com   time to read: +1 min
I SPY A HIGHLY DEFINED WAIST ‘James Bond’ star Daniel Craig in a trio of recent hourglass looks. Not Scarlett Johansson, or some Marilyn Monroe manqué, but Daniel Craig, a man who’s famously embodied James Bond. Mr. Craig, 55, smoldered in a cinched navy tux—his latest embrace of waist-nipping tailoring. If you think the “hourglass” is solely a feminine ideal, 007 is here to tell you otherwise. Along with fellow A-listers including Idris Elba, Mr. Craig is making men want such exaggerated tailoring for one simple reason: The narrow waist accentuates his broad shoulders and chest, making him look more buff.
Alibaba’s revenue rose 2% in its latest quarter, but its Chinese e-commerce business was particularly weak. China’s Alibaba has been battered by a slowing economy and Beijing’s regulatory crackdown over the past couple of years. Those worries are easing as China reopens and its government shifts back toward boosting economic growth. But the e-commerce company can’t breathe a sigh of relief just yet. An old bugbear—the competition—is nipping at its heels.
Alibaba’s revenue rose 2% in its latest quarter, but its Chinese e-commerce business was particularly weak. China’s Alibaba has been battered by a slowing economy and Beijing’s regulatory crackdown over the past couple of years. Those worries are easing as China reopens and its government shifts back toward boosting economic growth. But the e-commerce company can’t breathe a sigh of relief just yet. An old bugbear—the competition—is nipping at its heels.
The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.
Kate Winslet donated £17,000 ($20,100) to a family facing soaring energy bills, BBC News reported. Carolynne Hunter said the cash will cover the cost of her disabled daughter's life support equipment. The family's annual energy bill is already about £6,500, which covers the cost of Freya's life support, as well as heating their home. After reading about the Hunters' struggle online, Winslet and her family donated £17,000 to their GoFundMe and contacted the family to wish them well. "We're still freezing and we're not even at minus temperatures yet," said Carolynne Hunter, per BBC Scotland.
I drove the Tesla Model Y and the Kia EV6 to see how the two electric SUVs stacked up. The Tesla Model Y. Tim Levin/InsiderTesla sells some of the longest-range EVs on the market. The Model Y. Tim Levin/InsiderSome buyers might prefer the Kia's sporty and bold interior over Tesla's minimalist and button-free aesthetic. The Model Y. Tim Levin/InsiderThe Model Y's big touchscreen makes it a tech fan's dream. But if you prize a minimalist interior, tech features out the wazoo, and Supercharger convenience, go with the Model Y.
I drove the Tesla Model Y and Kia EV6 to see how the two electric SUVs stack up. The Tesla Model Y. Tim Levin/InsiderTesla sells some of the longest-range EVs on the market. The Tesla Model Y. Tim Levin/InsiderThe EV6 is one of the quickest-charging electric cars you can buy. The Tesla Model Y. Tim Levin/InsiderBut some buyers might prefer the Kia's sporty and bold interior over Tesla's minimalist and button-free aesthetic. The Tesla Model Y. Tim Levin/InsiderThe Model Y's big touchscreen makes it a tech fan's dream.
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