Money

Apple is releasing an exciting new product, but it’s not an iPhone

Published

5 years ago

July 14, 2021

Apple’s new ‘Apple Pay Later’ product will take on huge finance giants like Paypal and Afterpay

Apple will team up with Goldman Sachs to create the new Apple Pay Later service, which will function alongside Apple Pay. The technology will be integrated with the millions of devices people already use to tap and pay.

When a customer uses Apple Pay to make a purchase, they will have the option to pay for it across four interest-free payments made every two weeks. There is also an option to make the payments across several months, but with interest. The exact rate of interest for these monthly payments isn’t yet known.

The company already offers monthly payment instalments via the Apple Card for purchases of its own product. However, this service will expand on this feature by working with any credit card on Apple Pay. Apple also plans to make the feature available for both in-store retail purchases and online shopping.

The future of ‘tap and pay’ tech

The feature comes as Apple continues to push its ‘tap and pay’ technology. This allows iPhone users to use their phones rather than traditional credit cards.

Apple already receives a percentage of the transactions made with Apple Pay. Goldman Sachs has been Apple’s partner for the Apple Card credit card since 2019. However, the new service wont need the use of an Apple Card.

The pay later service will put the company in direct rivalry with other ‘buy now, pay later’. At this news, Affirm fell as much as 13 percent, while PayPal declined about 1.4 percent.

Payment scheme with less fees

Before users can access the feature, the need to submit an application including a copy of their ID via the iPhone’s Wallet app. Here, users can manage their payments. Apple will also offer customers with the ability to exit the payment plan and pay the outstanding fee.

Some of the plans will waiver any late and processing fees, only charging fees for the longer-term plans. Another selling point is that the service will not run a credit check on the user.

Separately, Apple is also testing a feature to allow user to create temporary digital Apple Pay Later credit cards for individual purchases.

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Natasha Schapova

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Money

Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Published

6 days ago

February 26, 2026

Harvey Vargas

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights

Money

U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

Published

7 days ago

February 25, 2026

Harvey Vargas

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.

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Money

Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Published

1 week ago

February 24, 2026

Harvey Vargas

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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