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(CTN NEWS) – Apple is entering the buy now pay later market with a few tweaks to the current model, including no credit card payment option. The product will be available to some customers this spring, and the loans will be reported to credit bureaus in the fall. Here’s what you should know. Since the outbreak, the option to “ buy now pay later ” has gained popularity, particularly among young and low-income consumers who may not have easy access to conventional credit. If you buy online for clothes, furniture, sneakers, or concert tickets, you have probably noticed the option to pay in smaller payments over time. Companies such as Afterpay, Affirm, Klarna, and Paypal already provide the service, usually with late fees for missed payments and the option to make installment payments with a credit card or bank account. Apple’s version, integrated with Apple Pay and facilitated by MasterCard, will require consumers to use a debit card and a bank account to … [Read more...] about Apple’s “Buy Now Pay Later”Service: Everything You Need To Know

What Is Form W-2G: Certain Gambling Winnings? Form W-2G is an Internal Revenue Service document that a casino or other gambling establishment sends to customers who had winnings during the prior year that must be reported as income to the Internal Revenue Service (IRS). Its full title is Form W-2G, Certain Gambling Winnings. The form contains information that the taxpayer needs to file taxes for the year. It includes the total amount of winnings, the date or dates they were won, the type of wager, and how much federal and state income tax has already been withheld. All gambling winnings are taxable but only some gambling winnings are recorded with a Form W-2G. Key Takeaways The IRS requires U.S. citizens to report all gambling winnings as income, whether or not they receive a W2-G. Winnings from gambling, lotteries, and contests all must be reported as "Other Income" on Form 1040. Cash and the cash value of prizes are taxable. State and local taxes may be due on … [Read more...] about Form W-2G: Certain Gambling Winnings, Guide, and Filing How-to’s

The market value of CEO Elon Musk's electric vehicle (EV) company Tesla Inc. ( TSLA ) has rebounded by almost 92% and $29 billion from its 52-week low on June 3, 2019, on forecasts of rising profits and market share. Moreover, the outlook for Tesla in China, the world's largest vehicle market, may be brightening as would-be competitors face obstacles. To reduce air pollution, China plans to become a world leader in electric vehicles. As a result, dozens of Chinese EV startups have raised over $18 billion, but this may represent a speculative bubble, Bloomberg   reports. Key Takeaways China plans to be a major player in electric vehicles (EVs). Billionaire Chinese tycoons are spending billions in the EV market. However, becoming profitable is an uphill climb. Meanwhile, Tesla has opened its first plant in China. Significance For Investors Among the billionaire Chinese business tycoons who spending big money to become big players in the Chinese EV market … [Read more...] about Why Tesla Is Rebounding as China’s Electric Car Market Faces Shakeout

Sergio Ermotti, newly rehired CEO of UBS Group AG attends a news conference in Zurich, Switzerland March 29, 2023. REUTERS/Stefan Wermuth ZURICH  – UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbor Credit Suisse – a surprise move to take advantage of the Swiss banker’s experience rebuilding the bank after the global financial crisis. The trader turned corporate problem fixer faces the tough challenge of laying off thousands of staff, cutting back Credit Suisse’s investment bank and reassuring the world’s wealthy that UBS remains a safe harbor for their cash. “We felt we had a better horse,” said UBS chairman Colm Kelleher of the decision to replace current CEO Ralph Hamers after less than three years in charge. Kelleher said he brought back Ermotti because he was best equipped to see through the biggest deal in finance since the global banking crash more than a decade ago. “This is not a Swiss solution,” he said, seeking to play … [Read more...] about Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover

Republican Texas Sen. Ted Cruz mocked Special Presidential Envoy for Climate John Kerry for defending billionaires who fly private jets to climate change summits. “Look, I gotta say, John Kerry embodies the rich out-of-touch contempt that today’s left has for working men and women,” Cruz said in the Monday episode of his podcast, “ Verdict with Ted Cruz .” (RELATED: ‘Disgraceful’: Ted Cruz Rips Into Biden’s DHS Secretary For Refusing To Say There’s A Border Crisis) “So if John Kerry believes what he’s saying, it means when John Kerry puts his privileged derriere on a private jet, he is destroying planet Earth and simply buying an indulgence of, ‘well, I sent a check to somebody else.’ It fixes it. And his comment, ‘These gazillionaires are doing more than most people I know.’ And I’ve said, ‘Really, you need to know.’ Like, like, it’s such dripping contempt,” Cruz continued. Kerry discussed the Biden administration’s climate initiatives in an interview with Yahoo … [Read more...] about ‘Out Of Touch Contempt’: Ted Cruz Mocks John Kerry For Defending Billionaires’ Private Jet Usage

Share to Twitter Share to Linkedin My wife and I really enjoy wine tasting. We’ve driven up to 50 miles away, to visit several local wineries the past five years. Yes, it’s interesting learning about various wines, winemaking processes and each vineyard. Ultimately, though, it’s still all about drinking the vino, socializing with friends, enjoying the views, and having a good time. Of course, the issue always comes up about who’s going to drive because let’s face it, someone’s wine tasting needs to be cut short so they can be the designated driver back from what’s usually a remote location. But I recently came across a wine tasting platform that not only eliminates that problem, but makes the experience much easier and more convenient. Sommsation is a two-year-old company offering virtual wine tastings. It came about during the pandemic, but curiously not because it was a form of physically distanced wine tasting. “We set out to build a modern wine … [Read more...] about Zooming Wine Into Your Home

Share to Twitter Share to Linkedin The non-profit organisation, Seattle Audubon Society, has formally changed its name and will now be known as Birds Connect Seattle © Copyright by GrrlScientist | hosted by Forbes Last August, I told you about the Seattle Audubon Society , a community-based bird conservation and birding organisation where I was a member, and its decision to change its name to be more inclusive to people from all walks of life (more here ). They’ve made their choice to formally change their name to “Birds Connect Seattle”. That’s quite a mouthful, isn’t it? This bold decision contrasts with the National Audubon Society ’s recent decision, reached after one year of deliberations, namely, not to change their name. “I understand people may be wondering how that is possible if ‘Audubon’ remains in our name. That is a question the Board has grappled with, and ultimately, they decided that the organization transcends … [Read more...] about Name Change Celebrates Inclusive Future For Seattle Audubon Society

Share to Twitter Share to Linkedin Key News Asian equities had a good day as Hong Kong outperformed while Mainland China was off slightly. Alibaba led the way as it jumped +12.23% on high volume as analysts updated their sum of the parts analysis (SOTP). Tencent gained +1.75% on high volume and strong buying from Mainland investors, Meituan closed higher by +4.01% on high volume and moderate buying from Mainland investors, JD.com finished at +1.92%, and BYD gained +3.12% on strong financial results and its net income jumping +400% year-over-year in another masterful move from Warren Buffet and Charlie Munger. BYD’s results, which beat on revenue, adjusted net income, and adjusted EPS, lifted the EV space with Xpeng HK +3.64%, Li Auto HK +4.59%, and Nio Auto HK +1.83%. Hong Kong short turnover jumped to 17% of total turnover though short turnover was highly concentrated in three Hong Kong listed ETFs while internet stocks had lower short turnover. … [Read more...] about BYD & Kuaishou Beat

Share to Twitter Share to Linkedin Sony has been doing fairly well with its string of popular PC ports of its older, formerly exclusive PlayStation games. But if there was something of a streak going, that has now come crashing to an end, thanks to The Last of Us Part I Remake’s disastrous port on PC. The issues? Where to start. Its poorly optimized, running terribly often at a poor framerate on any level of machine. Crashes, absurd shader compilation times, bizarre bugs and uh, some interesting visuals on places like the Steam Deck, as seen above, where the game is not yet verified. All of this has resulted in a deluge of negative reviews for the port, which was well-received when it originally launched on PlayStation. It’s at 66% “Mostly Negative” reviews on Steam, and that is unlikely to change until significant fixes are made. Naughty Dog is going to make those fixes, and issued a rare mea culpa about the quality of the release, with the … [Read more...] about Warning: Avoid The Extremely Bad ‘The Last Of Us’ PC Port For Now

Share to Twitter Share to Linkedin Key takeaways As recession fears mount and interest rates rise, investors are increasingly worried about how a downturn could hit their portfolios One of the worst moves investors can make during a recession is to bail on your portfolio Instead, consider recession-proof products to buoy your portfolio – and even catch the upside as the economy recovers By now, you’re probably tired of hearing about the impending future recession . (And you certainly wouldn’t be alone.) Still, it’s important to prepare yourself emotionally and financially for the possibility. After all, one of the worst moves investors can make is letting a recession catch them unawares and bailing on their portfolios in response. Fortunately, you can circumvent that risk by reviewing your portfolio early and understanding what you risk in a recession. Then, consider whether these recession-proof investments could help stave off the … [Read more...] about Recession-Proof Investments To Buff Your Portfolio