Affirm announces JPMorgan Chase merchants can now offer installment loans at checkout

By -
U.S. merchants who use JPMorgan to handle payments can now add Affirm to their checkout pages, according to a release.

from Finance https://ift.tt/ZLO2ejz
via Financial-Mindset

Comments

Post a Comment

Popular posts from this blog

Nvidia earnings beat Wall Street’s sky-high expectations, but the stock is falling because ‘there were no H20 sales to China-based customers’

By -
Nvidia recorded no China sales revenue for H20 chips and just narrowly beat Wall Street estimates as the AI chipmaker reported quarterly earnings Wednesday. Tied up H20 chip inventory intended to be sold to China before U.S. intervention in April was sold elsewhere, the company said. Revenue increased 56% from the same period a year ago to $46.74 billion, exceeding Wall Street’s projection of $46.52 billion, per data compiled by Visible Alpha. Profits came in at $26.4 billion, a 40.8% increase from $18.78 billion last quarter. Nvidia posted diluted earnings per share at $1.08, beating projections of $1.02 for the second quarter. Nvidia’s gross margins grew to 72.4%, up significantly from 61% last quarter. “Production of Blackwell Ultra is ramping at full speed, and demand is extraordinary,” CEO Jensen Huang said of the tech behemoth’s next-generation AI chip, which is used in data centers globally, in the earnings release. “The AI race is on, and Blackwell is the platform at its c...
Read more

Grab CEO Anthony Tan suggests drivers could upscale to ‘new kinds of jobs’ as the firm prepares to launch robubuses next year

By -
Ride-hailing firm Grab will roll-out robobuses in its home city of Singapore in early 2026, building on its large investment in autonomous vehicle technologies. Grab co-founder and CEO Anthony Tan made the announcement Tuesday during the company’s quarterly earnings, covering the three months ending Sep. 30. “Grab will continue to build new partnerships with more global remote driving and AV leaders, participate in more pilots to understand the operational conditions for different driverless services, and be part of the regulators’ efforts to improve transport connectivity through driverless technologies,” Tan said in prepared remarks.  Grab ran a successful pilot of autonomous vehicles in September, rolled out in partnership with WeRide, a Chinese robotaxi operator . Earlier this year, Grab announced it would make a “strategic equity investment” in WeRide , to be completed in the first half of next year.  Then, in late October, Grab also invested in U.S.-based May Mobilit...
Read more

Powell says that, unlike the dot-com boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’

By -
Federal Reserve Chair Jerome Powell doesn’t think the AI boom is another dot-com bubble . In fact, he made that distinction explicit on Wednesday, arguing that the current wave of artificial-intelligence investment is grounded in profit-making firms and real economic activity rather than speculative exuberance. “I won’t go into particular names,” Powell told reporters after the Fed’s policy meeting, “but they actually have earnings.” “These companies… actually have business models and profits and that kind of thing. So it’s really a different thing” than the dot-com bubble, he added. The comments mark what seems like Powell’s most direct acknowledgment yet that AI’s corporate build-out—spanning hundreds of billions of dollars in data-center and semiconductor investments —has become a genuine engine of U.S. growth.  A productivity play, not a rate-sensitive one Powell emphasized that the explosion of AI spending isn’t being driven by monetary policy—or by cheap money. “I do...
Read more