This Company Wants You to Swap Your Plastic Credit Card For Its App
Credit cards may soon be a thing of the past as consumers will ditch the plastic and opt for digital solutions, according to financial company, Affirm.
The company recently launched an alternative lending app., that doubles as a digital credit card. Jack Chou, the company's Head of Product, joined us to discuss his strategy to reinvent credit.
Chou breaks down the three reasons credit cards are broken. He says companies profit off of consumer missteps and interests are not aligned. Also, traditional credit companies make more money on fees than other services, something his company is looking to counter.
Chou highlights that Affirm doesn't profit off user missteps, and its goal is to be transparent. With the new product, Affirm believes it is reinventing credit for the 21st Century.
Astronauts will have to wait until next year before flying to the moon and another few years before landing on it. NASA on Tuesday announced the latest round of delays in its Artemis moon-landing program.
The Biden administration has enacted a new labor rule that aims to prevent the misclassification of workers as independent contractors. The labor department rule going into effect Tuesday replaces a scrapped Trump-era standard that lowered the bar for classifying employees as contractors
The KC-46 was to be the ideal candidate for a fixed-price development program. Instead, it has cost Boeing billions, and made industry wary of such deals.
Dave Long, CEO and Co-Founder of Orangetheory Fitness joins Cheddar to chat trends in the industry for 2024. He updates us on the company's plans to expand and what the state of the economy has meant for business.
One of the world's largest renewable energy developers will be getting hundreds of wind turbines from General Electric spinoff GE Vernova as part of a record equipment order and long-term service deal.
A moon landing attempt by a private US company appears doomed because of a fuel leak on the newly launched spacecraft. Astrobotic Technology managed to orient the lander toward the sun Monday so its solar panel could capture sunlight and charge its onboard battery.
Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database that collects ownership information intended to help unmask shell company owners. Yellen says the database will send the message that “the United States is not a haven for dirty money.”
A new version of the federal student aid application known as the FAFSA is available for the 2024-2025 school year, but only on a limited basis as the U.S. Department of Education works on a redesign meant to make it easier to apply.
