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In an interview with CNB’s Jim Cramer on Monday, he said: affirm CEO Max Levchin has revised his company’s strategy and proposed a “buy now, pay later” benefit by not charging customers late fees.”We are completely aligned with the consumer. If the consumer doesn’t repay, we just lose money,” Levchin said. “There’s no magic in the business model. That transparency makes us perfectly aligned with the person.”Late fees aren’t necessary “if you’re really good at underwriting,” Levchin said. He advocated greater clarity and transparency across the lending sector. He said he hopes the industry will gravitate towards simple interest, fixed-term…
Traders work on the floor of the New York Stock Exchange (NYSE) on December 15, 2025 in New York City, USA. Brendan McDiarmid | Reuters U.S. stocks have been volatile lately as investors have moved away from artificial intelligence stocks, especially those related to AI infrastructure. oracle, broadcom and coreweave. The concern is that these companies are taking on large amounts of debt to finance multibillion-dollar deals.Oracle, for example, said Wednesday it needs to increase its capital spending by an additional $15 billion this fiscal year and increase its data center leases. The company is relying on debt to cover…
Jamie Carragher says manager Enzo Maresca’s recent cryptic comments have caused a “huge problem” and he does not expect the head coach to remain at Chelsea next season.Maresca sparked confusion on Saturday when he said the two days leading up to the win against Everton had been the “worst 48 hours” since joining the club last summer. The incident comes as Chelsea are now without a win in four games after losing to Atalanta in the Champions League on Tuesday. The Italian gave little explanation live on Sky Sports on Monday ahead of the Carabao Cup quarter-final against Cardiff, saying…
Rob Reiner, who was found dead alongside his wife, Michele Reiner, at their Los Angeles home in what police are investigating as a double homicide, was not only a celebrated filmmaker but also a longtime Democratic Party supporter and one of US President Donald Trump’s most outspoken critics.Reiner, 78, and his wife, Michele, 70, were discovered dead at their home on Sunday. Their son, Nick Reiner, has since been arrested on homicide charges.Recommended Stories list of 1 itemend of listDuring Trump’s first term, Reiner repeatedly described the president as “mentally unfit” and “unqualified” to serve in office.Now, Trump has caused…
santiago, chile Reuters — José Antonio Casto won Chile’s presidential election on Sunday, capitalizing on voter fears over rising crime and immigration and sending the country into its sharpest shift to the right since the fall of the dictatorship in 1990. In the run-off election, with more than 95% of the votes counted, Kast secured 58.30% of the votes against leftist candidate Janet Hara’s 41.70%. “Democracy has been loud and clear,” Jara said, acknowledging that. “I have been in contact with José Antonio Casto and wish him every success for Chile.” Throughout his decades-long political career, Kast has consistently been…
Simon Whitlock has recaptured some of his old Alexandra Palace magic despite ultimately suffering a thrilling 3-2 loss to Conor Scutt in the first round of the World Darts Championship, where he was the 2010 runner-up and three-time semi-finalist.Trailing 2-0 in the set, the Wizards came back to life with a stunning finish of 167 on the bullseye en route to taking the third set, with Scutt missing four match darts in the deciding leg. Whitlock outdid himself with a big fish finish to win the fourth set, only missing the bull on this occasion, but the Australian tied the…
Garry Ridge had already been a CEO for two years when he enrolled at the University of San Diego in 1999 to earn a master’s degree in business leadership.Ridge, who ran the versatile products company WD-40 from 1997 until his retirement in 2022, believed at the time that he needed to change himself to make the company and its employees more successful, he said on Simon Sinek’s “A Bit Of Optimism” podcast on Nov. 25.Ridge had recently immigrated from Australia and wanted to spread WD-40 around the world, he said. Before returning to school, he was a “succinct, bright, leave”…
These are important developments since day 1,391 of Russia’s war against Ukraine.Published December 16, 2025December 16, 2025Click here to share on social mediaShare 2shareHere’s what happened on Tuesday, December 16th.finding A 62-year-old Ukrainian man riding a bicycle was killed in a Russian drone attack in the village of Velika Pisarivka in Ukraine’s Sumy region, Governor Ole Frikhorov said in a post on the messaging app Telegram. Governor Ivan Fedorov said in a telegram that Russian forces launched 850 attacks on Ukraine’s Zaporizhzhya region in one day, injuring 14 people and damaging homes, cars and infrastructure. According to Ukrainian news agency…
Gary Neville told Monday Night Football that Manchester United’s thrilling 4-4 draw with Bournemouth finally got Ruben Amorim’s system “on point”, but the head coach was left frustrated again after seeing his side “lose focus” after giving up the lead three times at Old Trafford.Amorim appeared to have left the side of his trademark 3-4-3 formation, at least from the kick-off against the Cherries, and watched his team rack up more first-half shots than any Premier League team this season has managed in a single game. Before the game there were doubts over whether he would ditch the system completely…
Three years after the generative AI boom began, most AI startups still make money by selling to businesses rather than individual consumers. While consumers quickly adopted general-purpose LLMs like ChatGPT, most specialized consumer GenAI applications have yet to catch on. “A lot of the early AI applications around video, audio, and photography were really cool,” Chi-Hua Chien, co-founder and managing partner of Goodwater Capital, said on stage at TechCrunch’s StrictlyVC event in early December. “But then Sora and Nano Banana came along, and China open sourced the video model, and a lot of those opportunities disappeared.” Chien compares some of…