financial

Apple Card will soon include interest-free iPhone financing

Apple Card will soon include interest-free iPhone financing

Apple CEO Tim Cook has announced that starting later this year, Apple Card users will be able to purchase an iPhone and pay it as part of their monthly card bill over a 24-month installment period. This new financing option will be interest-free, making it particularly enticing for Apple Card owners who are already enjoying 3-percent cash back on their purchases.

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Apple reveals another record quarter with $64b revenue in Q4 2019

Apple reveals another record quarter with $64b revenue in Q4 2019

Apple has announced yet another record quarter, stating that it set a new fourth-quarter record for its earnings per share (EPS) and a new all-time revenue high for its Services at $12.5 billion. The company raked in $64 billion in revenue overall during its fourth fiscal quarter of the year, which ended on September 28.

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Uber plans to give drivers and couriers real-time access to earnings

Uber plans to give drivers and couriers real-time access to earnings

Under its newly announced Uber Money team, the ridesharing company has revealed plans to make it easier for drivers to get the funds they earn by giving people rides. Using the Uber Debit account, the company says drivers will be able to get real-time access to their earnings, meaning the funds will be available right after the trip is over. The company is also planning updates related to its app, debit card, and more.

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Why Facebook’s Libra cryptocurrency plans are under fire

Why Facebook’s Libra cryptocurrency plans are under fire

Facebook's plans to launch its very own cryptocurrency was met with heavy opposition last week, as CEO Mark Zuckerberg's Libra proposal to Congress was hijacked into a hearing of the company's past mishandling. To put it briefly, the social media company's involvement in the Cambridge Analytica and election controversies had broken its trust with authorities. Without a clear structure for regulation, there are concerns that Zuckerberg's new Libra project could undermine the national dollar, as well as contain loopholes for criminals to exploit.

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Twitter targets financial scams with its latest policy update

Twitter targets financial scams with its latest policy update

Twitter is cracking down on the financial scams that plague its platform. The company published a policy update today specifically about this issue, detailing the exact types of financial scams that will result in actions from the company, including impersonating people or banks, offering fraudulent discounts, operating phishing schemes, and more.

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Apple boosts Corning glass investment as iPhone 11 Pro tests limits

Apple boosts Corning glass investment as iPhone 11 Pro tests limits

Apple has splashed a further $250 million in investment into Corning, more than doubling the amount it has pumped into the toughened glass-maker from its Advanced Manufacturing Fund. The new award follows a $200 million grant back in mid-2017, and comes amid the launch of the iPhone 11 Pro - and as the resilience of glass in smartphones becomes all the more important.

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MoviePass will officially shut down on September 14

MoviePass will officially shut down on September 14

In July, MoviePass made the strange announcement that it was temporarily suspending its service in order to make improvements to its mobile app. The release was lacking in details and didn't make much sense, spurring speculation that the company's final shutdown was incoming. That speculation was proven true with an announcement from MoviePass's parent company on Friday.

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Equifax wants more info by October 15 before it’ll pay cash claims

Equifax wants more info by October 15 before it’ll pay cash claims

People impacted by the Equifax security breach in 2017 who have requested cash, not credit monitoring, as part of the company's settlement have until October 15 to provide additional information. The data breach settlement website now asks individuals who requested a cash payment to submit proof that they already have a credit monitoring service. Failing to provide this information will result in the claim being denied.

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Volocopter raises $55m to commercially launch VoloCity flying taxis

Volocopter raises $55m to commercially launch VoloCity flying taxis

Air taxi company Volocopter has raised $55 million (€50 million) in a series C funding round led by Zhejiang Geely Holding Group Co., the company behind Volvo and several other car brands. The funds will be used to pay for the commercial launch of VoloCity, a future air taxi service, within the next three years. Geely Holdings is a minority investor in Volocopter alongside Daimler and select others.

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Tumblr has been acquired by WordPress owner Automattic

Tumblr has been acquired by WordPress owner Automattic

In May, word surfaced that Verizon was in talks with multiple companies about purchasing Tumblr, the social media platform it acquired with its purchase of Yahoo in 2017. In an announcement today, Automattic, the company that owns Wordpress, revealed that it has agreed to purchase Tumblr from Verizon, though the price it paid hasn't been disclosed.

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Venmo finally offers instant money transfers to bank accounts

Venmo finally offers instant money transfers to bank accounts

PayPal's mobile payment service Venmo is finally offering instant money transfers directly to bank accounts. The new option follows the company's launch of Instant Transfer last year, which was limited to transfers to eligible debit cards. According to the company, its new Instant Transfer option has the same fees and joins the standard free bank transfer option.

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What banks can learn from Apple Card

What banks can learn from Apple Card

Live and breathe Apple? Here’s the latest piece of Apple tech available this month for you to flex. It’s the Apple Card – except it doesn’t flex. It’s a solid sheet of sturdy titanium that sits in your wallet with the rest of your cards. Launching Apple’s venture into the banking and finance industry, Apple Card works like Apple Pay in the form of a card. The card comes in handy at cashiers and checkouts that don’t accept mobile payment. Created with the help of Goldman Sachs and powered by Mastercard, Apple’s new venture has plenty of pedigree and should be accepted at just about any cashier.

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