Author: News Room

Apple said on Monday that it has stopped issuing loans through Apple Pay Later, its buy-now-pay-later program that launched last year.The move comes after Apple said it would start allowing installment loans later this year in its Apple Pay checkout process through third-party companies, such as Affirm, and credit and debit cards from issuers, such as Citigroup.Apple said it would no longer issue Apple Pay Later loans, which enabled customers to buy products online and pay in four interest-free installments, at prices up to $1,000. The discontinuation is a sign that not every new fintech feature or product that Apple…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3- and 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.990% as of June 11, which is 0.115 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is unchanged from yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate…

One of the most knowledgeable financial advisors I’ve ever observed had one of the worst communication tendencies one could have in such a role: He constantly interrupted when clients were talking. But it was worse than you think. Although I’m fairly sure it was subconscious, it was almost as though he was gamifying client communication—seeing how quickly he could diagnose the dilemma with the least amount of information, and then deliver a show-stopping recommendation. Before we revel too much in self-righteous indignation, we must acknowledge something: We do it, too. I do it. You do it. We all do it,…

On GPS: How AI can transform education Sal Khan, founder and CEO of Khan Academy, speaks to Fareed about how AI can revolutionize the education system, and why he doesn’t think it will put teachers out of a job: “Like all technology, it amplifies human intent.” Read the full article here

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shadow chancellor Rachel Reeves would seek to break down EU trade barriers and secure billions of pounds through an early international investment summit if elected.Reeves, in an interview with the Financial Times, signalled an ambitious push to revisit parts of Boris Johnson’s Brexit deal, including seeking closer alignment with EU rules in areas such as the chemicals sector and a better deal for workers in the City of London.“We would look to improve our trading relationship with Europe, and do trade deals…

WTI crude oil posted its best weekly performance in two months last week despite softer US inflation data, a strong US dollar, and a dismal performance from ex-US equities. While oil supply concerns remain apparent, both WTI and Brent have managed to hold the mid to high $70s per barrel. The same sort of price resilience is not seen in the relative strength of Energy sector stocks, however. Last Friday, the Energy Select Sector SPDR ETF (XLE) closed at its worst level versus the S&P 500 Trust ETF (SPY) going back to April 2022. Twenty-six-month relative lows is evidence of…

At this time of year, a reservation with Chill RV Rentals isn’t usually the easiest to come by. The Los Angeles-based company’s 16-camper fleet is typically booked solid, with the RVs oftentimes reserved weeks in advance. That’s just not the case this year, said Nika Shneyder, who started the recreational vehicle rental business with her father in 2016. Bookings are light; plus, the people who are traveling are taking shorter trips, she said. “We’re definitely seeing demand for RV travel slowed down compared to previous years, and I don’t think it has to do with people coming out [the pandemic]…

To renew, or not to renew? That’s the question I’ve been asking myself every June since Amazon Prime first hooked me more than 10 years ago with a deeply discounted rate for college students.Most years, my renewal date sneaks up on me before I even realize it. The notification from my credit card pops up on my phone and I realize that I’ve committed another $139 to the Seattle-based e-tail giant. But last year, when I yet again let auto-renew make my decision for me, I set a calendar alert for 2024 so that I could properly review my Amazon Prime subscription…

Back in February, used electric vehicle prices dipped below used gasoline-powered vehicle prices for the first time ever, and the pricing cliff keeps getting steeper as car buyers reject any “premium” tag formerly associated with EVs.The decline has been dramatic over the past year. In June 2023, average used EV prices were over 25% higher than used gas car prices, but by May, used EVs were on average 8% lower than the average price for a used gasoline-powered car in U.S. In dollar terms, the gap widened from $265 in February to $2,657 in May, according to an analysis of…