"The Polycrisis Of 2026 Whirls Like A Demon-Infested Storm Overcoming This Human Project..."

Buy-Now-Pay-Later Klarna Crashes As Outlook Cut Exposes Consumer Growth Cracks Klarna, the Swedish fintech firm best known for its buy now, pay later services, crashed in premarket trading in New York after it lowered its full-year revenue and gross merchandise value forecasts following a second-quarter active-user miss, overshadowing stronger-than-expected earnings. The buy-now, pay-later firm now expects 2026 revenue of $4.08 billion to $4.16 billion, down from a previous forecast exceeding $4.34 billion. Gross merchandise value is projected to be $149 billion to $151 billion, compared with earlier guidance of above...

US Existing Home Sales Disappoint (Again) In July, Hover Near Record Lows With mortgage rates rising and the 'low hire, no fire' economy leaving many anxious about their household finances, the ugly spring selling season has not been followed by a consistent rebound in existing home sales in the US. After falling 1.4% MoM in June (revised up from a 2.4% MoM decline), US existing home sales fell again -1.7% MoM in July (worse than the -1.0% MoM exp). This dragged the annual increase in sales down to just 0.74% YoY... Overall,...

Ukrainian forces launched another major drone swarm into Russia on Sunday, killing at least six people, according to reports from The Associated Press and Russian media. According to Alexander Shuvayev, the acting governor of Russia’s Belgorod Oblast, one drone hit near a playground, killing a 13-year-old girl and wounding a seven-year-old and a nine-year-old. “I […]