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Americans ‘Ripped Off’ By Credit Cards, Says Klarna CEO

Klarna CEO Sebastian Siemiatkowski says Americans are being ripped off by high credit card rates and that rate caps have been effective in Europe. Siemiatkowski discusses President Trump’s call for a one-year 10% cap on credit card interest rates with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg…

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Klarna CEO Sebastian Siemiatkowski says Americans are being ripped off by high credit card rates and that rate caps have been effective in Europe. Siemiatkowski discusses President Trump’s call for a one-year 10% cap on credit card interest rates with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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2 Comments

2 Comments

  1. @jeffheiner

    January 13, 2026 at 3:40 pm

    The entire US government is a loan shark.

  2. @pureum1720

    January 13, 2026 at 7:44 pm

    10% cap will never happen because it will dry up the credit- those who are in debt should try to refinance using either family/friend money or peer-to-peer platform like Prosper. Finally, please budget and spend responsibly. Today I saw a couple upgrading their car in the dealership and they just bought the car last year! Financing is never free…I could see the smile on the salesman…

    Praying for America God bless us all-

    Numbers 6:24-26
    “The LORD bless you and keep you; The LORD make His face shine upon you, And be gracious to you; The LORD lift up His countenance upon you, And give you peace.”

    Jeremiah 29:11
    For I know the plans I have for you,” declares the Lord, “plans to prosper you and not to harm you, plans to give you hope and a future.

    John 14:27
    Peace I leave with you; my peace I give you. I do not give to you as the world gives. Do not let your hearts be troubled and do not be afraid.

    John 3:16 For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life.

    James 1:5 If any of you lack wisdom, let him ask of God, that giveth to all men liberally, and upbraideth not; and it shall be given him.

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Divergent Targets Faster, Cheaper Defense Production

Divergent CEO Lukas Czinger says advanced manufacturing can help the Pentagon build weapons faster, cheaper and at far greater scale. Working with Lockheed Martin’s Skunk Works and other defense contractors, Divergent uses technologies including 3D printing to move from engineering inputs to flight-ready hardware in under three months. He joins Ed Ludlow on “Bloomberg Tech.”…

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Divergent CEO Lukas Czinger says advanced manufacturing can help the Pentagon build weapons faster, cheaper and at far greater scale. Working with Lockheed Martin’s Skunk Works and other defense contractors, Divergent uses technologies including 3D printing to move from engineering inputs to flight-ready hardware in under three months. He joins Ed Ludlow on “Bloomberg Tech.”
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Lockheed Taps OpenAI to Solve F-35 Challenges

Lockheed Martin is taking a model-agnostic approach to AI, using 55 different large language models across its business while applying the technology to everything from internal operations to autonomous weapons systems. SVP of Technology and Strategic Innovation Sarah Hiza discusses how Lockheed tests AI before deploying it, the growing role of autonomy and crewed-uncrewed teaming,…

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Lockheed Martin is taking a model-agnostic approach to AI, using 55 different large language models across its business while applying the technology to everything from internal operations to autonomous weapons systems. SVP of Technology and Strategic Innovation Sarah Hiza discusses how Lockheed tests AI before deploying it, the growing role of autonomy and crewed-uncrewed teaming, and reveals that OpenAI is working alongside the F-35 team to tackle complex math and physics challenges tied to advanced sensor capabilities. She joins Ed Ludlow on “Bloomberg Tech.”
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Bloomberg Defense Tech Special

Bloomberg’s Ed Ludlow is live from Skunk Works, Lockheed Martin’s advanced aircraft development facility in Southern California. Lockheed Martin’s OJ Sanchez and Sarah Hiza weigh in on the company’s road to innovation in the defense tech space, Fortem CEO Jon Gruen discusses the drone warfare landscape, and Divergent CEO Lukas Czinger explains how the startup…

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Bloomberg’s Ed Ludlow is live from Skunk Works, Lockheed Martin’s advanced aircraft development facility in Southern California. Lockheed Martin’s OJ Sanchez and Sarah Hiza weigh in on the company’s road to innovation in the defense tech space, Fortem CEO Jon Gruen discusses the drone warfare landscape, and Divergent CEO Lukas Czinger explains how the startup is helping build weapons faster, cheaper and at far greater scale.
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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