FlowBank

995 days ago

Apple will challenge Affirm in the 'buy now pay later' sector

Apple is currently working on a service that would let its consumers pay for any apple products with instalments over time, rivaling with the offerings of 'buy now pay later' services such as the one provided by Affirm and PayPal. The upcoming service will be called Apple Pay Later. It will use Goldman Sachs as a lender according to people familiar with the matter. 

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Apple will challenge Affirm in the 'buy now pay later' sector

995 days ago

Housing market not in a bubble according to GS and others

They argue there is no "over-building of housing, over-leveraging of household balance sheets, loosening of lending standards, and over-exuberant homebuyer expectations". Goldman Sachs also argues the Fed's buying of MBS has been limited as demand has been driven by other factors such as low supply and high demand.

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995 days ago

American Airlines forecasts better than expected earnings for this quarter

American Airlines  said on Tuesday that it expects to report nearly break-even results for the second quarter of 2021, thanks to the $1.4 billion in special items which is mostly coming from pandemic aid. Without this sum, the company said they would have reported a $1.2 billion loss for the quarter. Although their revenue will be around 37.5% lower than the same period in 2019, it is still slightly better than the airline previously forecasted. “We are clearly moving in the right direction,” CEO Doug Parker and President Robert Isom said in a note to employees.

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American Airlines forecasts better than expected earnings for this quarter

995 days ago

ZoomInfo (not Zoom), acquires conversation AI leader Chorus.ai for $575M

The acquisition comes as the company, which maintains its East Coast headquarters in Waltham, has seen its financial fortunes grow since becoming a publicly traded company in June 2020. Chorus — a company that uses artificial intelligence to analyze sales calls, meetings, and e-mails — is the fourth in a string of acquisitions made by ZoomInfo as it looks to enhance its product quality. ZoomInfo provides businesses with intelligence on potential customers.

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995 days ago

Tesla's stock is down but Goldman Sachs updated its buy rating

While Tesla's stock is down 5.3%  year to date, now at $668 a share, Goldman Sachs remains optimistic about the stock's performance. They upgraded their per share earnings expectations from 84 cents to 94 cents, and posted a buy rating with a 12-month price target of $860.

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Tesla's stock is down but Goldman Sachs updated its buy rating
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