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How Affirm leverages 0% interest
Payments Dive25d agoneutral
How Affirm leverages 0% interest

Inflation is prompting consumers to turn to Affirm’s zero-interest buy now, pay later loans, the company’s latest financial results suggest.

NIO’s Loss Narrows on EV Sales Growth
The Wall Street Journal25d agoneutral
NIO’s Loss Narrows on EV Sales Growth

Chinese electric-vehicle maker NIO reported a narrower loss in the second quarter, thanks to robust deliveries and its premium positioning.

Apple's new CEO, John Ternus, takes over from Tim Cook after 15 years
Associated Press25d agoneutral
Apple's new CEO, John Ternus, takes over from Tim Cook after 15 years

Apple's new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook's 15-year tenure during which the company's value skyrocket to $4.6 trillion thanks to the iPhone's enormous popularity. The transition to a new CEO comes at a pivotal time for Apple. Artificial intelligence has unleashed the greatest upheaval within the industry since Steve Jobs unveiled the first iPhone in 2007.

Fervo Secures Its Largest-Ever Geothermal Power Deal, With Google
The Wall Street Journal25d agoneutral
Fervo Secures Its Largest-Ever Geothermal Power Deal, With Google

Geothermal company Fervo Energy has signed a major deal to sell power to Alphabet Google from a Utah project that it plans to turn into the world’s largest enhanced geothermal facility. The agreement for nearly 400 megawatts of electricity is enough to power a midsize city and would be Fervo’s largest-ever power deal. Fervo plans to begin selling power to Google in 2028 from its Cape Station project in southwestern Utah.

One Great Chart: Mind the September Stock Slump
The Wall Street Journal25d agobearish
One Great Chart: Mind the September Stock Slump

Major indexes tend to see their worst performances during the summer-to-fall transition. The Dow industrials and S&P 500 average a decline of 1.1% in September based on historical data. The data goes back to 1897 for the Dow, 1928 for the S&P 500 and 1971 for the Nasdaq.

Strategy Restarts Bitcoin Buying With 4,603 BTC Acquisition
99bitcoins25d agobullish
Strategy Restarts Bitcoin Buying With 4,603 BTC Acquisition

Strategy has made its first bitcoin purchase in two months, acquiring 4,603 BTC for $369.7 million at an average price of $80,318 per coin, according to a Monday morning press release from the company. The purchase lifts Strategy’s total holdings to 845,050 BTC and ends a buying pause. The mechanics ...

Why You Should Give Long Bonds the Benefit of the Doubt
Barrons.com25d agoneutral
Why You Should Give Long Bonds the Benefit of the Doubt

Consider what is perhaps the most commonly cited rationale: The inflationary impact of federal government debt, which earlier this month eclipsed the $40 trillion mark. After all, as Wes Crill, a vice president at Dimensional Fund Advisors, points out, debt level concerns have been around for a while. The inflation threat that many bond investors face is from unexpected inflation—which, by definition, is unexpected.

Elon Musk Recalls SpaceX Nearly Failing After 3 Rocket Launches: ‘If the 4th Launch Had Failed, SpaceX Would Not Exist’
Benzinga25d agobearish
Elon Musk Recalls SpaceX Nearly Failing After 3 Rocket Launches: ‘If the 4th Launch Had Failed, SpaceX Would Not Exist’

While Space Exploration Technologies Corp. (NASDAQ:SPCX) is one of the biggest enterprises in the world today, this was not always the case, as CEO Elon Musk shared how repeated initial launch failures cast uncertainty over the future of the commercial spaceflight company. Peter Diamandis Recalls SpaceX’s Failures In a post on X on Sunday, X Prize Foundation‘s Executive Chairman Peter Diamandis shared how everyone knows the “trillion-dollar version of SpaceX,” but nobody remembered that “Elon’s