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The Latest Breaking News from Zip

Buy now, pay later companies on the brink as bad debts and interest rates rise

Buy now, pay later is a popular payment method, but the sector is facing a perfect storm of rising interest rates, bad debts, a crowded marketplace and looming regulation.

ABC News

Embattled buy now, pay later sector to be regulated under credit laws

Financial services minister Stephen Jones says government will also move to regulate cryptocurrency exchanges like other financial markets

The Guardian - AU

NAB to introduce buy now, pay later product placing further pressure on existing operators

Standalone operators feel burden of rising interest rates and slowing growth as third big Australian bank enters BNPL scene

The Guardian - AU

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3 Staffing Stocks to Avoid as Companies Warn of a Hiring Slowdown

Considering the current market volatility and hiring freeze amid an economic slowdown, it may not make sense to bet on stuffing stocks that could plunge in price due to their fundamental weakness and/or the industry headwinds. Upwork (UPWK), ZipRecruiter (ZIP), and Adecco (AHEXY) have weak financials and growth prospects. So,…

StockNews.com

What to know before your business adds buy now, pay later

Large retailers like Target, Macy’s and Ikea now offer “buy now, pay later” when customers check out

The Independent UK

ZipRecruiter Enters $50M Accelerated Share Repurchase

ZipRecruiter Inc (NYSE:ZIP) has entered into an accelerated share repurchase agreement with Goldman Sachs & Co. LLC to repurchase $50 million of its common stock. ZipRecruiter will make an initial payment of $50 million and receive an initial delivery of approximately 1.8 million shares by March 23, 2022. The final settlement of the…

Benzinga

Zip Co to snap up BNPL rival Sezzle

BNPL provider Zip Co will acquire rival Sezzle in an all-stock deal that will add scale in the key US retail market.

AAP

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ASX gains ground even as fresh sanctions on Russia temper investor optimism

Australian shares are moderately higher, as news over the weekend of tougher Western sanctions against Russia dampens the flow-through from a global market rally on Friday.

ABC News

ASX takes $60 billion hit as as inflation surges, Omicron hits business confidence

The ASX slumps on the back of inflation rising more than expected, while US stocks stage a dramatic reversal after an earlier sell-off, and the prospect of higher US interest rates and a war between Russia and Ukraine spook investors.

ABC News

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