Apple announces Pay Later, Affirm Holdings shares tumble

Apple (AAPL) launches Apple Pay Later

Apple (NASDAQ: AAPL) today introduced Apple Pay® Later in the U.S. Designed with users financial health in mind, Apple Pay Later1 allows users to split purchases into four payments, spread over six weeks with no interest and no fees.2 Users can easily track, manage, and repay their Apple Pay Later loans in one convenient location in Apple Wallet®. Users can apply for Apple Pay Later loans of $50 to $1,000, which can be used for online and in-app purchases made on iPhone® and iPad® with merchants that accept Apple Pay.3 Starting today, Apple will begin... More

Apple (AAPL) faces some risks but big potential rewards, claims Barclays

In a deep dive looking at Apple's (NASDAQ: AAPL) traffic acquisition costs (TAC) and advertising segment, Barclays analyst Tim Long told investors there are "some risks, but also big potential rewards."

Long, who has an Equal Weight rating and $145 price target on the... More

We believe Apple (AAPL) advertising on its own apps is under-appreciated - Barclays

Barclays analyst Tim Long's key takeaways from a deep-dive analysis on Apple's (NASDAQ: AAPL) TAC/advertising business.

"The TAC+Advertising is the second largest revenue contributor in Services (28% by our estimates). While only at a mid-single-digit of total revenues, we estimate it is at 12% of total AAPL EPS due to 90%+ gross margins for TAC.
The TAC (Google paying for... More

Active options: TSLA AAPL NVDA BAC AMZN FRC GOOGL MSFT AMD COIN

Active options: TSLA AAPL NVDA BAC AMZN FRC GOOGL MSFT AMD COIN

Stock market today: Dow rides relief in banks to close higher, but tech wobbles

By Yasin Ebrahim

Investing.com -- The Dow closed higher Monday as a sense of relief swept across stocks after First Citizens BancShares struck a deal to purchase failed Silicon Valley Bank, though a wobble in big tech kept some gains in check. 

The Dow Jones Industrial Average rose 0.6% or 194 points, the Nasdaq fell 0.5%, and the S&P 500 rose 0.1%.

First Citizens BancShares (NASDAQ: FCNCA) purchased all the remaining assets, deposits and loans of collapsed Silicon Valley Bank, or SVB, for $72 billion, representing a discount of... More

U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.60%

Investing.com U.S. stocks were mixed after the close on Monday, as gains in the Oil&Gas, Financials and Telecoms sectors led shares higher while losses in the Technology, Utilities and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average added 0.60%, while the S&P 500 index gained 0.16%, and the NASDAQ Composite index fell 0.47%.

The best performers of the session on the Dow Jones Industrial Average were International Business Machines (NYSE: IBM), which rose 3.26% or 4.08 points to trade at 129.37 at the close. Meanwhile,... More

Active options: TSLA AAPL NVDA BAC AMZN FRC GOOGL MSFT AMD COIN

Active options: TSLA AAPL NVDA BAC AMZN FRC GOOGL MSFT AMD COIN

S&P 500 cuts some gains as investors weigh relief in banks, tech slip

By Yasin Ebrahim

Investing.com -- The S&P 500 cut some gains Monday as investors weighed a slip in tech against relief in banks after First Citizens BancShares struck a deal to purchase failed Silicon Valley Bank.

The S&P 500 rose 0.12%, the Dow Jones Industrial Average rose 0.6% or 185 points, and the Nasdaq fell 0.5%.

First Citizens BancShares (NASDAQ: FCNCA) purchased all the remaining assets, deposits and loans of collapsed Silicon Valley Bank, or SVB, for $72 billion, representing a discount of $16.5B.

First Citizens... More