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

Alphabet launches $20B bond to fund AI expansion

Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.

Published

14 hours ago

February 11, 2026

Harvey Vargas

Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.

Alphabet has launched a record $20 billion bond offering to finance its massive AI infrastructure build-out, signalling strong investor confidence in the company’s growth strategy. The oversubscribed sale shows that investors are betting on Alphabet’s AI potential and long-term returns.

By using debt instead of equity, Alphabet can raise funds without diluting shareholders. The money will support AI research, advanced computing, and other strategic projects, cementing the company’s leadership in the sector.

Brad Gastwirth from Circular Technologies explains how corporate debt is reshaping tech financing and how investors perceive AI-linked bonds. This record issuance could set a trend for other tech companies looking to fund innovation.

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Money

AI tax tool sparks market turmoil for financial firms

Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.

Published

15 hours ago

February 11, 2026

Harvey Vargas

Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.

Shares of major financial services firms tumbled after the launch of a new AI-powered tax planning tool. LPL Financial dropped nearly 11%, while Charles Schwab and Raymond James Financial fell more than 9%, signalling investor concern over AI disrupting traditional advisory services.

Morgan Stanley also saw a 4% decline as fears grow that AI could replace some of the most profitable offerings of established firms. Earlier this year, the introduction of other AI models already caused turbulence in software stocks, suggesting this could be a broader trend affecting multiple sectors.

The iShares U.S. Broker-Dealers and Securities ETF was down 4% on Tuesday, reflecting the market-wide uncertainty surrounding AI adoption in finance. Investors are closely watching whether AI will complement or cannibalise the industry’s core services.

#AIImpact #WallStreet #FinancialMarkets #InvestingNews #MorganStanley #CharlesSchwab #RaymondJames #FinTech

Money

RBA rate shock: ASX200, Gold and Crypto market

RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.

Published

2 days ago

February 10, 2026

Harvey Vargas

RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.

The RBA’s latest interest rate decision has sent ripples through the ASX200 and AUD, leaving investors weighing what comes next. We break down how these changes could affect global equities ahead of this week’s crucial non-farm payroll and consumer price index releases.

Zoran Kresovic from Blueberry Markets shares his analysis on the rebound in gold and silver after recent market turbulence, and what factors could drive further gains or sell-offs in the commodities market.

We also dive into the current state of cryptocurrencies, exploring how investors can navigate volatility and what to watch as economic data continues to shape market sentiment.

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#RBA #ASX200 #GoldMarket #SilverRebound #CryptoUpdate #InvestingTips #MarketVolatility #EconomicOutlook