Contents of the Newsletter:
The newsletter from The New York Times DealBook with Andrew Ross Sorkin, dated May 30, 2025, covers various topics related to the economy. It delves into the world of "buy now, pay later" lending, highlighting an increase in consumer defaults. Additionally, the newsletter explores the latest data on C.E.O. confidence, potential tariffs issued by the Trump administration, and previews an upcoming story about the new HBO movie "Mountainhead" from the creator of "Succession."
Products - "Buy Now, Pay Later" Loans:
The newsletter discusses the implications of a recent rise in defaults for "buy now, pay later" loans, which are zero-interest debts commonly used for purchases like sneakers and food deliveries. It addresses concerns about a looming credit crisis as late payments increase and household finances deteriorate. The Consumer Financial Protection Bureau under the Biden administration warned about the vulnerability of pay-later customers, but efforts to safeguard them are in jeopardy due to lack of oversight caused by attempts to dismantle the watchdog during the Trump administration.
About The New York Times Store (nytimes.com):
The newsletter does not provide specific information about a store associated with The New York Times (nytimes.com). However, it mentions store closing details for a specific location, indicating operating hours from 10am to 7pm on weekdays and extended hours on Sundays until 9pm. The newsletter focuses more on economic updates rather than promoting products or services from the store affiliated with nytimes.com.
