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FORGOTTEN HISTORY: 5 - Caught on Camera

Apple kills off its buy now, pay later service service barely a year after launch

Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna

The Independent UK

Apple’s ‘Buy Now, Pay Later’ service gets shut down today — what you need to know

Apple is shutting down its Apple Pay Later service that was introduced less than a year ago but similar features are coming to Apple Pay later this year.

Tom’s Guide

Apple Pay Later is already being shut down, after only launching last year

After only launching last year, Apple is shutting down Apple Pay Later in favor of new instalment loan options from third-parties.

iMore

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The Fed hits Evolve bank with order over fintech troubles

The U.S. central bank has issued an enforcement action against Evolve Bank & Trust for failing to comply with anti-money-laundering, risk management, and consumer compliance programs.

Fortune

PayPal cofounder Max Levchin’s network of tiny banks could help Apple with its Goldman Sachs issue

The tech giant’s most high-profile banking partnership is reportedly dissolving, but a partnership with Affirm, led by PayPal cofounder Max Levchin, plus a network of smaller, mostly state-chartered banks, is now in place.

Fortune

Stock Market Today: Nasdaq Hits New High as Apple Stock Soars

Apple stock was one of the biggest gainers Tuesday as analysts were encouraged by the tech giant's new AI offerings.

Kiplinger

Apple Pay will have more payment options this fall and will also welcome Windows, Chrome users

Apple Inc. plans to add several new features to Apple Pay and Apple Wallet later this year that will more deeply integrate financing, rewards, and buy now, pay later options into the iPhone when consumers shop on their phones

The Independent UK

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Buy now, pay later companies must adhere to credit card standards, consumer agency says

The Consumer Financial Protection Bureau says in a new rule that buy now, pay later lenders are basically credit card providers and must provide the same protections and rights that apply to those lenders

The Independent UK

Block vs. Affirm: Which Buy Now, Pay Later Stock Does Wall Street Prefer?

With consumers stretched by inflation, demand for BNPL is expected to remain high, benefiting BNPL stocks like SQ and AFRM. Here's a look at what Wall Street expects for these two fintech names.

Barchart

AFRM Stock: Is the Worst Over for Affirm as Fed Reaffirms Rate Cut Guidance?

Affirm stock rose over 11% yesterday after the Fed backed its guidance for three rate cuts in 2024. The worst looks over for this BNPL name amid the expected trajectory of rate cuts and its strong competitive positioning in the industry.

Barchart

Where Will Affirm Holdings Stock Be in 1 Year?

AFRM stock is sitting out the broad-market rally this year, and analysts are strongly divided on the stock's valuation. What's next for this fintech growth play?

Barchart

Is Affirm Stock a Buy After Falling 17% from Its 52-Week Highs?

Affirm was the best-performing stock last year in the universe of companies with a market cap over $5 billion. However, the stock is down 11% so far this year. Is it a buy now, or should investors wait for the stock to fall further?

Barchart

Will Affirm Stock Go Up in 2024, or Crash-Land After This Year's Stellar Rally?

Affirm stock has rallied spectacularly in 2023. While Mizuho analyst Dan Dolev recently raised his target price on the BNPL company to a Street high of $65, it might be prudent to take some profits off the table at these prices.

Barchart

Walmart Adds Buy Now, Pay Later Option at Self-Checkout Kiosks

Walmart is expanding its partnership with Affirm to bring Buy Now, Pay Later to self-checkout at stores.

Kiplinger

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Kiplinger

Google Pay To Add Buy Now, Pay Later Options

Google Pay has partnered with Affirm and Zip to add Buy Now, Pay Later features next year.

Kiplinger

Stock Market Today: Energy Stocks Pop as Geopolitical Risks Rise

U.S. crude futures climb as Tehran-backed Houthi rebels from Yemen continue to attack shipping vessels in the Red Sea.

Top News

Affirm partners with Walmart, brings BNPL to self-checkout kiosks

Discover the latest collaboration between Affirm and Walmart as they revolutionize the self-checkout experience with Buy Now, Pay Later services. Shopping ...

Zenger

Cyber Monday Sales Expected To Reach $12.4 Billion As Consumers Shift To Online Shopping

Retailers and e-commerce companies set to benefit from increased online spending, with Amazon, Walmart, and Affirm among potential winners.

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Zenger

Study Finds Why Americans Delay Holiday Shopping

What’s the hold up?

StockNews.com

3 Keys To The Profitable POWR Pairs Process

Using the power of the POWR Ratings to create a powerful pairs trade in Strong Buy Box Inc (BOX) and Sell rated Affirm (AFRM).

Barchart

Affirm Stock: Should You Buy or Sell the Earnings Beat?

Affirm stock soared last week as markets gave a thumbs-up to its fiscal fourth-quarter earnings. Should you buy or sell AFRM stock now?

Barchart

2 Unusually Active Call Options Catching My Eye on a Friday

Early in Friday trading, more stocks are up on the NYSE and Nasdaq than down, with Nvidia still leading the charge. Sea is leading the way when it comes to unusual call option activity. Two others have caught my eye.

StockNews.com

Affirm Holdings (AFRM) vs. Intuit (INTU): Which Stock Is More Likely to Beat Earnings on Thursday?

The operator of digital commerce platform Affirm Holding (AFRM) and financial tech company Intuit (INTU) are scheduled to report their fourth quarter and fiscal year 2023 results tomorrow after the market close. Let’s determine which stock is more likely to beat earnings expectations. Continue reading….

The Independent UK

3 ways to pay for your summer vacation

Summer can be an expensive time to travel

Los Angeles Times

Apple joins the 'buy now, pay later' lending trend. Do you know about the downsides?

Starting this week, Apple is rolling out its version of "buy now, pay later."

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