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Daily's Pre-Market: Consumer debt, New Hampshire Primary, Yemen's conflict, Levi's, and iRobot.

  • Writer: Mathieu Desfosses
    Mathieu Desfosses
  • Jan 22, 2024
  • 2 min read

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The buy now, pay later holiday debt hangover has arrived, as consumers wonder how they’ll pay bills

  • Buy now, pay later helped fuel record holiday spending online, surging 14% year over year, but now that those bills are coming due, consumers aren’t sure how they’ll pay them.

  • The surge in use of buy now, pay later comes as credit card debt is at a record high and delinquency rates have nearly doubled over the past two years.

  • It’s unclear how often buy now, pay later bills go unpaid, but the people who use the services are more than twice as likely to be delinquent on another credit product, such as a car loan or mortgage.


New Hampshire primary: What to expect from Trump, Haley and DeSantis

  • New Hampshire voters head to the polls Tuesday for the first primary election of the 2024 presidential cycle.

  • Former President Donald Trump holds a significant edge in the state’s GOP race over former U.N. ambassador Nikki Haley, and a massive lead over Florida Gov. Ron DeSantis.

  • President Joe Biden will not appear on the ballot in New Hampshire’s Democratic primary.


Iranian and Hezbollah commanders help direct Houthi attacks in Yemen, sources say

  • Commanders from Iran’s Islamic Revolutionary Guards Corps (IRGC) and Lebanon’s Hezbollah group are on the ground in Yemen helping to direct and oversee Houthi attacks on Red Sea shipping, four regional and two Iranian sources told Reuters.

  • Iran — which has armed, trained and funded the Houthis — stepped up its weapons supplies to the militia in the wake of the war in Gaza, which erupted after Iranian-backed militants Hamas attacked Israel on Oct. 7, the four regional sources said.


Yoga wars heat up as Levi’s Beyond Yoga taps former Athleta CEO, Gap veteran as next chief executive

  • Beyond Yoga has tapped former Athleta CEO and Gap veteran Nancy Green as its new CEO.

  • The leadership shift comes as Beyond Yoga looks to scale, compete and differentiate itself in an increasingly crowded athletic apparel space.

  • Levi Strauss acquired Beyond Yoga for $400 million in 2021 and is looking to scale the brand beyond its modest roots.


iRobot shares tank 30% on report EU plans to block Amazon acquisition

  • The EU’s competition watchdog intends to block Amazon’s planned $1.7 billion acquisition of Roomba maker iRobot, The Wall Street Journal reported.

  • Shares of iRobot plunged on Thursday.

  • The European Commission last November warned that the deal raises competition concerns.




 
 
 

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