Paige Smith - Profile and Journalist Details
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Paige Smith
Verified
Consumer Finance Reporter, Bloomberg News
New York
Beats
technology and their intersections.I write narratives that illuminate a topic especially where policy and data are misaligned. Most of my stories cover science the environment
Health.
Content
By Paige Smith Verified, Max Abelson Verified| Bloomberg News Verified JPMorgan sees credit card charge-offs of about 3.6% this year. (Bloomberg) -- The US consumer is doing OK — at least for now, according to America’s biggest bank. JPMorgan Chase & Co. is expecting to charge off about 3.6% of its credit-card portfolio — the debt that the bank says won’t be paid back — just as it was at the end of last year.
By Paige Smith Verified, Claire Ballentine Verified, Emily Mason| Bloomberg Law Verified Adam Moelis and Ben Doyle had an outside-the-box business pitch: Many Americans struggle to build a savings habit but also enjoy spending money playing the lottery. What if they could combine a bank account with a sweepstakes to make savings more fun? The two entrepreneurs developed the idea with the help of Y Combinator, a storied tech incubator where business founders can hone their ideas and get them in front of venture capitalists. In 2020, Moelis and Doyle launched a finance app called Yotta.
By Paige Smith Verified, Claire Ballentine Verified, Emily Mason| Bloomberg Tax Verified Adam Moelis and Ben Doyle had an outside-the-box business pitch: Many Americans struggle to build a savings habit but also enjoy spending money playing the lottery. What if they could combine a bank account with a sweepstakes to make savings more fun? The two entrepreneurs developed the idea with the help of Y Combinator, a storied tech incubator where business founders can hone their ideas and get them in front of venture capitalists. In 2020, Moelis and Doyle launched a finance app called Yotta.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
United Arab Emirates, United Arab Emirates
+1 212-318-2000
Founded: 1981