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2021-08-02

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Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week

2021-08-02

wow

Samsung Takes Intel’s Chip-Seller Crown, but Bigger Showdown Looms

2021-08-02

wow

The buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm

2021-08-02

wow

The buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm

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But for now, it has fallen from the industry’s top spot by one key measure.In the second quarter, $Samsung Electronics Co., Ltd.$ overtook Intel as the world’s top chip maker by revenue. Giv","content":"<p><i><b>Cash is paramount as both companies seek to fund aggressive expansions into high-tech production.</b></i></p>\n<p><i>Samsung overtook <a href=\"https://laohu8.com/S/INTC\">Intel</a> in the second quarter as the top chip maker by revenue and is expected to hold on to that distinction in the near future.</i></p>\n<p>Intel&nbsp;Corp.&nbsp;aspires tochip-technology supremacy&nbsp;within four years. But for now, it has fallen from the industry’s top spot by one key measure.</p>\n<p>In the second quarter,&nbsp;<a href=\"https://laohu8.com/S/SSNNF\">Samsung Electronics Co., Ltd.</a> overtook Intel as the world’s top chip maker by revenue. Given divergent outlooks for their core businesses, the positioning is likely to stay that way in the near future, industry analysts say.</p>\n<p>The South Korean tech company, which specializes in memory chips, racked up 22.74 trillion won, the equivalent of $19.7 billion,in semiconductor revenue&nbsp;during the April-June quarter.&nbsp;Total revenue for Intel, was $19.6 billion—or $18.5 billion after subtracting the contribution of a business unit it has agreed to sell.</p>\n<p>Intel, based in Santa Clara, Calif., has held the No. 1 sales spot for much of the past three decades, ceding it to Samsung in 2017 and 2018 when memory-chip sales boomed.</p>\n<p>The ranking is about more than bragging rights: Intel needs financial clout more than ever. Under new Chief Executive Pat Gelsinger, the company is embarking on an ambitious strategy to manufacture cutting-edge chips—one of the business world’s costliest endeavors.</p>\n<p><b>Chip Fight&nbsp;</b></p>\n<p>A memory-market uptick helped Samsung'sshares outgain Intel's over the past year.</p>\n<p><img src=\"https://static.tigerbbs.com/8a4d0b49449e0776d721454dbe720e88\" tg-width=\"477\" tg-height=\"478\" width=\"100%\" height=\"auto\">Source: FactSet</p>\n<p>Intel aspires to vault into a top-end foundry business, or the contract manufacturing of the most-advanced chips. In the race to miniaturize chip circuitry to the final nanometers, Intel joins a world populated by&nbsp;<a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a> and Samsung, both of which have allocated more than $100 billion. More sales provide more cash for capital expenditures and to give to shareholders.</p>\n<p>Though many firms, including&nbsp;<a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> and&nbsp;<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>,&nbsp;design superpowered chips, only TSMC and Samsung are able to manufacture them. Intel could join that list if its contract chip-making ambitions materialize.</p>\n<p>With a&nbsp;global shortage of chips&nbsp;hobbling businesses world-wide, the U.S., Europe and other governments are offering tens of billions of dollars in incentives to spur the building of chip-making plants. But even so, such cutting-edge production requires advanced machines that cancost $150 million apiece, while a single facility can cost $20 billion.</p>\n<p>The next frontiers of chip making are so demanding that only TSMC, Samsung and Intel have the technological capability and deep pockets to proceed, said Dale Gai, a research director at Counterpoint Research. “I don’t see anyone in the No. 4 position,” he said.</p>\n<p>The three-company race will ultimately dictate where—and by whom—the advanced semiconductors essential for 5G cellular networks, self-driving cars and artificial intelligence are made. TSMC is currentlythe biggest foundry player, controlling 55% of the market, while Samsung represents 17%, according to first-quarter data from TrendForce, a market researcher.</p>\n<p>Samsung and Intel didn’t appear to be on a major collision course until Mr. Gelsinger rejoined Intel in January. He wants the company’s future to be making advanced chips not only for itself, but for others.</p>\n<p>Mr. Gelsinger said in July that Intel already had more than 100 potential foundry customers lined up. They include Qualcomm, one of the biggest providers of chips for cellphones and a major Samsung customer. “We fully expect that this is going to be a great business for us,” he said on a call with analysts.</p>\n<p>Samsung said it is targeting 20% annual sales growth for its foundry business this year as demand increases, said Shawn Han, a senior vice president for the company’s foundry operations, in a Thursday earnings call. “We will maximize our capabilities to supply chips,” Mr. Han said.</p>\n<p>It is a robust time for the chip industry, writ large. Global semiconductor revenue is expected to grow 12.5% this year to $522 billion, according to International Data Corp., a market researcher. Global shortages have handed chip makers pricing power and abundant orders.</p>\n<p>Going forward, Samsung and Intel will look to fund their foundry aspirations by leaning on cash-cow chip businesses that have done well during the pandemic.</p>\n<p>Samsung’s rise to No. 1 in revenue reflects the overwhelming demand for memory chips—they typically cost just a few dollars apiece, compared with hundreds of dollars and often more for the central processing units that provide most of Intel’s income.</p>\n<p>For the full year, global memory sales are expected to rise 33%, while revenue from CPUs, which go in PCs and data servers, is expected to grow by 4%, according to market researcher Gartner Inc. While PC sales soared during the pandemic and are still rising, growth has slowed of late, according to IDC. And Intel is having to fend off rival CPU makers like&nbsp;Advanced Micro Devices&nbsp;Inc.,&nbsp;while some big clients forgo Intel-made chips for in-house alternatives.</p>\n<p>In March, Mr. Gelsinger unveiled his turnaround plan, along with more than $20 billion in investments in two plants in Arizona. He followed, in May, with a $3.5 billion expansion effort in New Mexico. Additional capacity growth, in the U.S. and abroad, is in the planning stages.</p>\n<p>In an interview after Intel’s second-quarter earnings announcement, Mr. Gelsinger expressed optimism about the company’s core business, citing appetite for new computers a&nbsp;<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>’s&nbsp;Windows 11 operating system hits the market later this year. “We see that strength continuing in the next year and beyond,” he said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Samsung Takes Intel’s Chip-Seller Crown, but Bigger Showdown Looms</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSamsung Takes Intel’s Chip-Seller Crown, but Bigger Showdown Looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/samsung-takes-intels-chip-seller-crown-but-bigger-showdown-looms-11627812000?mod=hp_lista_pos5><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cash is paramount as both companies seek to fund aggressive expansions into high-tech production.\nSamsung overtook Intel in the second quarter as the top chip maker by revenue and is expected to hold ...</p>\n\n<a href=\"https://www.wsj.com/articles/samsung-takes-intels-chip-seller-crown-but-bigger-showdown-looms-11627812000?mod=hp_lista_pos5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","INTC":"英特尔"},"source_url":"https://www.wsj.com/articles/samsung-takes-intels-chip-seller-crown-but-bigger-showdown-looms-11627812000?mod=hp_lista_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131303656","content_text":"Cash is paramount as both companies seek to fund aggressive expansions into high-tech production.\nSamsung overtook Intel in the second quarter as the top chip maker by revenue and is expected to hold on to that distinction in the near future.\nIntel Corp. aspires tochip-technology supremacy within four years. But for now, it has fallen from the industry’s top spot by one key measure.\nIn the second quarter, Samsung Electronics Co., Ltd. overtook Intel as the world’s top chip maker by revenue. Given divergent outlooks for their core businesses, the positioning is likely to stay that way in the near future, industry analysts say.\nThe South Korean tech company, which specializes in memory chips, racked up 22.74 trillion won, the equivalent of $19.7 billion,in semiconductor revenue during the April-June quarter. Total revenue for Intel, was $19.6 billion—or $18.5 billion after subtracting the contribution of a business unit it has agreed to sell.\nIntel, based in Santa Clara, Calif., has held the No. 1 sales spot for much of the past three decades, ceding it to Samsung in 2017 and 2018 when memory-chip sales boomed.\nThe ranking is about more than bragging rights: Intel needs financial clout more than ever. Under new Chief Executive Pat Gelsinger, the company is embarking on an ambitious strategy to manufacture cutting-edge chips—one of the business world’s costliest endeavors.\nChip Fight \nA memory-market uptick helped Samsung'sshares outgain Intel's over the past year.\nSource: FactSet\nIntel aspires to vault into a top-end foundry business, or the contract manufacturing of the most-advanced chips. In the race to miniaturize chip circuitry to the final nanometers, Intel joins a world populated by Taiwan Semiconductor Manufacturing and Samsung, both of which have allocated more than $100 billion. More sales provide more cash for capital expenditures and to give to shareholders.\nThough many firms, including NVIDIA Corp and Qualcomm, design superpowered chips, only TSMC and Samsung are able to manufacture them. Intel could join that list if its contract chip-making ambitions materialize.\nWith a global shortage of chips hobbling businesses world-wide, the U.S., Europe and other governments are offering tens of billions of dollars in incentives to spur the building of chip-making plants. But even so, such cutting-edge production requires advanced machines that cancost $150 million apiece, while a single facility can cost $20 billion.\nThe next frontiers of chip making are so demanding that only TSMC, Samsung and Intel have the technological capability and deep pockets to proceed, said Dale Gai, a research director at Counterpoint Research. “I don’t see anyone in the No. 4 position,” he said.\nThe three-company race will ultimately dictate where—and by whom—the advanced semiconductors essential for 5G cellular networks, self-driving cars and artificial intelligence are made. TSMC is currentlythe biggest foundry player, controlling 55% of the market, while Samsung represents 17%, according to first-quarter data from TrendForce, a market researcher.\nSamsung and Intel didn’t appear to be on a major collision course until Mr. Gelsinger rejoined Intel in January. He wants the company’s future to be making advanced chips not only for itself, but for others.\nMr. Gelsinger said in July that Intel already had more than 100 potential foundry customers lined up. They include Qualcomm, one of the biggest providers of chips for cellphones and a major Samsung customer. “We fully expect that this is going to be a great business for us,” he said on a call with analysts.\nSamsung said it is targeting 20% annual sales growth for its foundry business this year as demand increases, said Shawn Han, a senior vice president for the company’s foundry operations, in a Thursday earnings call. “We will maximize our capabilities to supply chips,” Mr. Han said.\nIt is a robust time for the chip industry, writ large. Global semiconductor revenue is expected to grow 12.5% this year to $522 billion, according to International Data Corp., a market researcher. Global shortages have handed chip makers pricing power and abundant orders.\nGoing forward, Samsung and Intel will look to fund their foundry aspirations by leaning on cash-cow chip businesses that have done well during the pandemic.\nSamsung’s rise to No. 1 in revenue reflects the overwhelming demand for memory chips—they typically cost just a few dollars apiece, compared with hundreds of dollars and often more for the central processing units that provide most of Intel’s income.\nFor the full year, global memory sales are expected to rise 33%, while revenue from CPUs, which go in PCs and data servers, is expected to grow by 4%, according to market researcher Gartner Inc. While PC sales soared during the pandemic and are still rising, growth has slowed of late, according to IDC. And Intel is having to fend off rival CPU makers like Advanced Micro Devices Inc., while some big clients forgo Intel-made chips for in-house alternatives.\nIn March, Mr. Gelsinger unveiled his turnaround plan, along with more than $20 billion in investments in two plants in Arizona. He followed, in May, with a $3.5 billion expansion effort in New Mexico. Additional capacity growth, in the U.S. and abroad, is in the planning stages.\nIn an interview after Intel’s second-quarter earnings announcement, Mr. Gelsinger expressed optimism about the company’s core business, citing appetite for new computers a Microsoft’s Windows 11 operating system hits the market later this year. “We see that strength continuing in the next year and beyond,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805294961,"gmtCreate":1627881621053,"gmtModify":1703497117701,"author":{"id":"4090936695088830","authorId":"4090936695088830","name":"jitkun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090936695088830","idStr":"4090936695088830"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805294961","repostId":"2156816448","repostType":4,"repost":{"id":"2156816448","kind":"highlight","pubTimestamp":1627881172,"share":"https://ttm.financial/m/news/2156816448?lang=&edition=fundamental","pubTime":"2021-08-02 13:12","market":"us","language":"en","title":"The buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm","url":"https://stock-news.laohu8.com/highlight/detail?id=2156816448","media":"MarketWatch","summary":"A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. ","content":"<p>A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the payment option to faster domestic growth</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84930a25114bbd7d680d015b31af0be5\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p>\n<p>A new form of digital layaway has taken Europe by storm and found some acceptance in the U.S., and the growing handful of rivals in the space are looking to spur more online purchases that Americans pay for over time.</p>\n<p>\"Buy now, pay later\" options -- referred to in the payments industry as BNPL -- offer a twist on the concept of layaway, allowing consumers to split purchases into installments and charging them either simple interest or no interest at all, in a break from the traditional credit model that lets interest compound. Unlike with traditional layaway, consumers receive instant access to their purchase as they pay it off.</p>\n<p>Furniture companies have long let people pay for big-ticket items in installments while taking the product home right away, but now the concept has made its way online, spreading across industries and into smaller purchase amounts, JMP Securities analyst David Scharf noted. Those looking to build fancy home gyms during the pandemic could split the cost of an $1,800-plus Peloton Interactive Inc. <a href=\"https://laohu8.com/S/PTON\">$(PTON)$</a> bike into 39 interest-free monthly payments of $49 using financing from Affirm Holdings Inc. <a href=\"https://laohu8.com/S/AFRM\">$(AFRM)$</a> A host of other players have been rushing to stake their claims elsewhere in the U.S. retail market.</p>\n<p>The services are seeing surging adoption, driven by growing merchant acceptance, booming e-commerce sales, and what many providers say is a skepticism among younger shoppers about traditional credit offerings. Though BNPL services accounted for just 2% of U.S. e-commerce payments last year according to FIS Global, they're rapidly gaining in popularity. The value of purchases made using BNPL offerings rose 132% in the first quarter, per data from Cardify.ai.</p>\n<p>BNPL services are more prevalent overseas, accounting for more than 7% of European e-commerce transactions in 2020 and 10% of Australian ones, according to FIS Global. In Sweden, home to BNPL provider Klarna, installments accounted for 23% of e-commerce transactions last year.</p>\n<p>The installment wave has drawn the interest of established giants like <a href=\"https://laohu8.com/S/V\">Visa</a> Inc. (V) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc. (PYPL), as well as a host of newer fintech players that have carved out different paths as they seek to stake their claims in the nascent U.S. market.</p>\n<p>The trend is of growing relevance to investors. U.S. startup Affirm recently went public, while Australia's Afterpay Ltd. , which trades in its home country, is contemplating a U.S. listing given the growing importance of the U.S. market to its business. Sweden's Klarna is considering an IPO in the U.K ., according to Bloomberg, though its chief executive has expressed some concerns about potential regulations.</p>\n<p>In the credit-card model, merchants pay transaction fees when they accept card payments and consumers pay accrued interest if they carry a balance. BNPL services, which can sometimes be interest-free to the consumer, charge a steeper fee to merchants, who've been increasingly willing to pay up for the services so that consumers will be more inclined to go through with an online purchase.</p>\n<p>BNPL sits amid a number of attractive industry trends, according to Jefferies analyst John Hecht, who sees a $600 billion total transaction opportunity for the industry in the U.S., based on the value of e-commerce purchases made outside of Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> He expects that the services could take a bite out of what he views as an $840 billion dollar total addressable market for fintech-enabled credit products.</p>\n<p>While BNPL offerings are structured differently than traditional credit, they aren't without risk. The various BNPL companies have different policies about missed payments, but some will charge late fees or report to the credit bureaus about failures to make good on payment commitments. The industry is largely unregulated and there are concerns that consumers could end up taking on more installment commitments than they can afford to pay back in the allotted timeframes, especially in a credit crunch.</p>\n<p>The companies have different approaches to the U.S. as they try to build or expand their BNPL businesses. MarketWatch spoke to executives at some of the leading offerings to find out their strategies for the market.</p>\n<p><b>Affirm</b></p>\n<p>While Peloton is Affirm's largest customer, the BNPL company has been expanding its merchant mix, which doubled from a year earlier in the latest quarter to reach almost 12,000 retailers.</p>\n<p>One move to diversify the company's merchant base is a recent arrangement with <a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>. (SHOP.T) that makes it easy for the e-commerce company's merchants to enable Affirm's installment offerings. In exchange, Shopify got equity interest in Affirm.</p>\n<p>\"Because of the nature of the relationship, they have every incentive in the world to make sure it's successful,\" Chief Financial Officer Michael Linford said. He expects that the deal \"will add substantially more value to us than we had to give up\" since Shopify's vast merchant base is \"really difficult if not impossible to build.\"</p>\n<p>Affirm offers a mix of simple-interest and interest-free installment options, and Linford said that the company is particularly differentiated in its work with high-value purchases as its tech and risk-management capabilities enable it to \"create a lot of value for merchants.\" Affirm's underwriting determines which customers would be capable of making their installment payments on big-ticket items.</p>\n<p>At the same time, Affirm sees value in helping to facilitate ordinary spending as well, and it recently announced a debit card that will let people buy things and split them after the fact using their cards.</p>\n<p>The company doesn't charge late fees for customers who miss payments, according to Linford. For customers who ultimately fail to make good on smaller-value payments, the company may lock down access to the Affirm network going forward. Those who don't pay up for bigger-ticket items could be reported to a credit bureau.</p>\n<p>About 30% of Affirm transactions originate from within the company's \"properties\"--mainly its mobile app--rather than from merchants' own sites. The app is \"really, really powerful for re-engagement\" of users, Linford said, and merchants can pay to show new products or offers on the platform.</p>\n<p>As e-commerce booms, there's a \"quite aggressive fight to get any sort of mindshare,\" Linford said, and he argued that the platform holds appeal with brands looking to reach younger-generation consumers who have \"high intent and capacity to purchase.\"</p>\n<p>Because the company enables shopping from within its app, its customers can split purchases even from merchants that don't list Affirm as payment options on their own websites. There's no Affirm button on Amazon's traditional website, for instance, but the e-commerce giant is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest merchants within the Affirm app, Linford said. Affirm uses virtual cards to split customers' Amazon purchases on the back end.</p>\n<p><b>Afterpay</b></p>\n<p>After helping to kick off the BNPL trend in Australia, Afterpay came to the U.S. market less than three years ago with a focus on interest-free offerings.</p>\n<p>Afterpay is \"not trying to upsell someone credit,\" Co-Chief Executive Nick Molnar told MarketWatch, and the company has been \"purposefully focused on the couple-hundred-dollar purchase\" thus far.</p>\n<p>The company charges a late fee after an initial grace period for consumers who fall behind on payments, and it cuts customers off from making future purchases until they pay back what they owe.</p>\n<p>\"Unlike a finance company that wants you to be late...with Afterpay you can't keep shopping\" after missing a payment, Molnar said. That dynamic fosters a better relationship with customers, in his view.</p>\n<p>Afterpay's North America merchant base grew more than 150% in the latest quarter relative to a year earlier. In the U.S., underlying sales, or the value of items purchased through its service, increased 211%.</p>\n<p>The company now works with 23,000 retail brands in the U.S. including Bed Bath &amp; Beyond Inc. <a href=\"https://laohu8.com/S/BBBY\">$(BBBY)$</a> and Lululemon Athletica Inc. <a href=\"https://laohu8.com/S/LULU\">$(LULU)$</a>. A recent partnership with Stripe made it easy for that company's merchants to easily activate Afterpay as a checkout option.</p>\n<p>The company may process 10% to 30% of transactions for its retail partners once enabled as a payment option, Molnar said.</p>\n<p>Afterpay is building a presence beyond the checkout button, with 17% of purchases globally during the month of February originating from Shop Directory, meaning that these customers are locating merchants through Afterpay's app or site.</p>\n<p>While Afterpay is relatively new in the U.S., its success in Australia \"puts into perspective where Afterpay can expand as a business,\" Molnar said. In Australia, 25% of volume comes from in-store purchases, and consumers can pay for things like dentist visits using the service.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 13:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TERN":"Terns Pharmaceuticals, Inc.","LULU":"lululemon athletica","CRCT":"Cricut, Inc.","AFRM":"Affirm Holdings, Inc.","V":"Visa","PYPL":"PayPal","APT.AU":"Afterpay Touch"},"source_url":"https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156816448","content_text":"A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the payment option to faster domestic growth\nMARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO\nA new form of digital layaway has taken Europe by storm and found some acceptance in the U.S., and the growing handful of rivals in the space are looking to spur more online purchases that Americans pay for over time.\n\"Buy now, pay later\" options -- referred to in the payments industry as BNPL -- offer a twist on the concept of layaway, allowing consumers to split purchases into installments and charging them either simple interest or no interest at all, in a break from the traditional credit model that lets interest compound. Unlike with traditional layaway, consumers receive instant access to their purchase as they pay it off.\nFurniture companies have long let people pay for big-ticket items in installments while taking the product home right away, but now the concept has made its way online, spreading across industries and into smaller purchase amounts, JMP Securities analyst David Scharf noted. Those looking to build fancy home gyms during the pandemic could split the cost of an $1,800-plus Peloton Interactive Inc. $(PTON)$ bike into 39 interest-free monthly payments of $49 using financing from Affirm Holdings Inc. $(AFRM)$ A host of other players have been rushing to stake their claims elsewhere in the U.S. retail market.\nThe services are seeing surging adoption, driven by growing merchant acceptance, booming e-commerce sales, and what many providers say is a skepticism among younger shoppers about traditional credit offerings. Though BNPL services accounted for just 2% of U.S. e-commerce payments last year according to FIS Global, they're rapidly gaining in popularity. The value of purchases made using BNPL offerings rose 132% in the first quarter, per data from Cardify.ai.\nBNPL services are more prevalent overseas, accounting for more than 7% of European e-commerce transactions in 2020 and 10% of Australian ones, according to FIS Global. In Sweden, home to BNPL provider Klarna, installments accounted for 23% of e-commerce transactions last year.\nThe installment wave has drawn the interest of established giants like Visa Inc. (V) and PayPal Holdings Inc. (PYPL), as well as a host of newer fintech players that have carved out different paths as they seek to stake their claims in the nascent U.S. market.\nThe trend is of growing relevance to investors. U.S. startup Affirm recently went public, while Australia's Afterpay Ltd. , which trades in its home country, is contemplating a U.S. listing given the growing importance of the U.S. market to its business. Sweden's Klarna is considering an IPO in the U.K ., according to Bloomberg, though its chief executive has expressed some concerns about potential regulations.\nIn the credit-card model, merchants pay transaction fees when they accept card payments and consumers pay accrued interest if they carry a balance. BNPL services, which can sometimes be interest-free to the consumer, charge a steeper fee to merchants, who've been increasingly willing to pay up for the services so that consumers will be more inclined to go through with an online purchase.\nBNPL sits amid a number of attractive industry trends, according to Jefferies analyst John Hecht, who sees a $600 billion total transaction opportunity for the industry in the U.S., based on the value of e-commerce purchases made outside of Amazon.com Inc. $(AMZN)$ He expects that the services could take a bite out of what he views as an $840 billion dollar total addressable market for fintech-enabled credit products.\nWhile BNPL offerings are structured differently than traditional credit, they aren't without risk. The various BNPL companies have different policies about missed payments, but some will charge late fees or report to the credit bureaus about failures to make good on payment commitments. The industry is largely unregulated and there are concerns that consumers could end up taking on more installment commitments than they can afford to pay back in the allotted timeframes, especially in a credit crunch.\nThe companies have different approaches to the U.S. as they try to build or expand their BNPL businesses. MarketWatch spoke to executives at some of the leading offerings to find out their strategies for the market.\nAffirm\nWhile Peloton is Affirm's largest customer, the BNPL company has been expanding its merchant mix, which doubled from a year earlier in the latest quarter to reach almost 12,000 retailers.\nOne move to diversify the company's merchant base is a recent arrangement with Shopify Inc. (SHOP.T) that makes it easy for the e-commerce company's merchants to enable Affirm's installment offerings. In exchange, Shopify got equity interest in Affirm.\n\"Because of the nature of the relationship, they have every incentive in the world to make sure it's successful,\" Chief Financial Officer Michael Linford said. He expects that the deal \"will add substantially more value to us than we had to give up\" since Shopify's vast merchant base is \"really difficult if not impossible to build.\"\nAffirm offers a mix of simple-interest and interest-free installment options, and Linford said that the company is particularly differentiated in its work with high-value purchases as its tech and risk-management capabilities enable it to \"create a lot of value for merchants.\" Affirm's underwriting determines which customers would be capable of making their installment payments on big-ticket items.\nAt the same time, Affirm sees value in helping to facilitate ordinary spending as well, and it recently announced a debit card that will let people buy things and split them after the fact using their cards.\nThe company doesn't charge late fees for customers who miss payments, according to Linford. For customers who ultimately fail to make good on smaller-value payments, the company may lock down access to the Affirm network going forward. Those who don't pay up for bigger-ticket items could be reported to a credit bureau.\nAbout 30% of Affirm transactions originate from within the company's \"properties\"--mainly its mobile app--rather than from merchants' own sites. The app is \"really, really powerful for re-engagement\" of users, Linford said, and merchants can pay to show new products or offers on the platform.\nAs e-commerce booms, there's a \"quite aggressive fight to get any sort of mindshare,\" Linford said, and he argued that the platform holds appeal with brands looking to reach younger-generation consumers who have \"high intent and capacity to purchase.\"\nBecause the company enables shopping from within its app, its customers can split purchases even from merchants that don't list Affirm as payment options on their own websites. There's no Affirm button on Amazon's traditional website, for instance, but the e-commerce giant is one of the largest merchants within the Affirm app, Linford said. Affirm uses virtual cards to split customers' Amazon purchases on the back end.\nAfterpay\nAfter helping to kick off the BNPL trend in Australia, Afterpay came to the U.S. market less than three years ago with a focus on interest-free offerings.\nAfterpay is \"not trying to upsell someone credit,\" Co-Chief Executive Nick Molnar told MarketWatch, and the company has been \"purposefully focused on the couple-hundred-dollar purchase\" thus far.\nThe company charges a late fee after an initial grace period for consumers who fall behind on payments, and it cuts customers off from making future purchases until they pay back what they owe.\n\"Unlike a finance company that wants you to be late...with Afterpay you can't keep shopping\" after missing a payment, Molnar said. That dynamic fosters a better relationship with customers, in his view.\nAfterpay's North America merchant base grew more than 150% in the latest quarter relative to a year earlier. In the U.S., underlying sales, or the value of items purchased through its service, increased 211%.\nThe company now works with 23,000 retail brands in the U.S. including Bed Bath & Beyond Inc. $(BBBY)$ and Lululemon Athletica Inc. $(LULU)$. A recent partnership with Stripe made it easy for that company's merchants to easily activate Afterpay as a checkout option.\nThe company may process 10% to 30% of transactions for its retail partners once enabled as a payment option, Molnar said.\nAfterpay is building a presence beyond the checkout button, with 17% of purchases globally during the month of February originating from Shop Directory, meaning that these customers are locating merchants through Afterpay's app or site.\nWhile Afterpay is relatively new in the U.S., its success in Australia \"puts into perspective where Afterpay can expand as a business,\" Molnar said. In Australia, 25% of volume comes from in-store purchases, and consumers can pay for things like dentist visits using the service.","news_type":1},"isVote":1,"tweetType":1,"viewCount":83,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805295546,"gmtCreate":1627881576885,"gmtModify":1703497116204,"author":{"id":"4090936695088830","authorId":"4090936695088830","name":"jitkun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090936695088830","idStr":"4090936695088830"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805295546","repostId":"2156816448","repostType":4,"repost":{"id":"2156816448","kind":"highlight","pubTimestamp":1627881172,"share":"https://ttm.financial/m/news/2156816448?lang=&edition=fundamental","pubTime":"2021-08-02 13:12","market":"us","language":"en","title":"The buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm","url":"https://stock-news.laohu8.com/highlight/detail?id=2156816448","media":"MarketWatch","summary":"A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. ","content":"<p>A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the payment option to faster domestic growth</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84930a25114bbd7d680d015b31af0be5\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p>\n<p>A new form of digital layaway has taken Europe by storm and found some acceptance in the U.S., and the growing handful of rivals in the space are looking to spur more online purchases that Americans pay for over time.</p>\n<p>\"Buy now, pay later\" options -- referred to in the payments industry as BNPL -- offer a twist on the concept of layaway, allowing consumers to split purchases into installments and charging them either simple interest or no interest at all, in a break from the traditional credit model that lets interest compound. Unlike with traditional layaway, consumers receive instant access to their purchase as they pay it off.</p>\n<p>Furniture companies have long let people pay for big-ticket items in installments while taking the product home right away, but now the concept has made its way online, spreading across industries and into smaller purchase amounts, JMP Securities analyst David Scharf noted. Those looking to build fancy home gyms during the pandemic could split the cost of an $1,800-plus Peloton Interactive Inc. <a href=\"https://laohu8.com/S/PTON\">$(PTON)$</a> bike into 39 interest-free monthly payments of $49 using financing from Affirm Holdings Inc. <a href=\"https://laohu8.com/S/AFRM\">$(AFRM)$</a> A host of other players have been rushing to stake their claims elsewhere in the U.S. retail market.</p>\n<p>The services are seeing surging adoption, driven by growing merchant acceptance, booming e-commerce sales, and what many providers say is a skepticism among younger shoppers about traditional credit offerings. Though BNPL services accounted for just 2% of U.S. e-commerce payments last year according to FIS Global, they're rapidly gaining in popularity. The value of purchases made using BNPL offerings rose 132% in the first quarter, per data from Cardify.ai.</p>\n<p>BNPL services are more prevalent overseas, accounting for more than 7% of European e-commerce transactions in 2020 and 10% of Australian ones, according to FIS Global. In Sweden, home to BNPL provider Klarna, installments accounted for 23% of e-commerce transactions last year.</p>\n<p>The installment wave has drawn the interest of established giants like <a href=\"https://laohu8.com/S/V\">Visa</a> Inc. (V) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc. (PYPL), as well as a host of newer fintech players that have carved out different paths as they seek to stake their claims in the nascent U.S. market.</p>\n<p>The trend is of growing relevance to investors. U.S. startup Affirm recently went public, while Australia's Afterpay Ltd. , which trades in its home country, is contemplating a U.S. listing given the growing importance of the U.S. market to its business. Sweden's Klarna is considering an IPO in the U.K ., according to Bloomberg, though its chief executive has expressed some concerns about potential regulations.</p>\n<p>In the credit-card model, merchants pay transaction fees when they accept card payments and consumers pay accrued interest if they carry a balance. BNPL services, which can sometimes be interest-free to the consumer, charge a steeper fee to merchants, who've been increasingly willing to pay up for the services so that consumers will be more inclined to go through with an online purchase.</p>\n<p>BNPL sits amid a number of attractive industry trends, according to Jefferies analyst John Hecht, who sees a $600 billion total transaction opportunity for the industry in the U.S., based on the value of e-commerce purchases made outside of Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> He expects that the services could take a bite out of what he views as an $840 billion dollar total addressable market for fintech-enabled credit products.</p>\n<p>While BNPL offerings are structured differently than traditional credit, they aren't without risk. The various BNPL companies have different policies about missed payments, but some will charge late fees or report to the credit bureaus about failures to make good on payment commitments. The industry is largely unregulated and there are concerns that consumers could end up taking on more installment commitments than they can afford to pay back in the allotted timeframes, especially in a credit crunch.</p>\n<p>The companies have different approaches to the U.S. as they try to build or expand their BNPL businesses. MarketWatch spoke to executives at some of the leading offerings to find out their strategies for the market.</p>\n<p><b>Affirm</b></p>\n<p>While Peloton is Affirm's largest customer, the BNPL company has been expanding its merchant mix, which doubled from a year earlier in the latest quarter to reach almost 12,000 retailers.</p>\n<p>One move to diversify the company's merchant base is a recent arrangement with <a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>. (SHOP.T) that makes it easy for the e-commerce company's merchants to enable Affirm's installment offerings. In exchange, Shopify got equity interest in Affirm.</p>\n<p>\"Because of the nature of the relationship, they have every incentive in the world to make sure it's successful,\" Chief Financial Officer Michael Linford said. He expects that the deal \"will add substantially more value to us than we had to give up\" since Shopify's vast merchant base is \"really difficult if not impossible to build.\"</p>\n<p>Affirm offers a mix of simple-interest and interest-free installment options, and Linford said that the company is particularly differentiated in its work with high-value purchases as its tech and risk-management capabilities enable it to \"create a lot of value for merchants.\" Affirm's underwriting determines which customers would be capable of making their installment payments on big-ticket items.</p>\n<p>At the same time, Affirm sees value in helping to facilitate ordinary spending as well, and it recently announced a debit card that will let people buy things and split them after the fact using their cards.</p>\n<p>The company doesn't charge late fees for customers who miss payments, according to Linford. For customers who ultimately fail to make good on smaller-value payments, the company may lock down access to the Affirm network going forward. Those who don't pay up for bigger-ticket items could be reported to a credit bureau.</p>\n<p>About 30% of Affirm transactions originate from within the company's \"properties\"--mainly its mobile app--rather than from merchants' own sites. The app is \"really, really powerful for re-engagement\" of users, Linford said, and merchants can pay to show new products or offers on the platform.</p>\n<p>As e-commerce booms, there's a \"quite aggressive fight to get any sort of mindshare,\" Linford said, and he argued that the platform holds appeal with brands looking to reach younger-generation consumers who have \"high intent and capacity to purchase.\"</p>\n<p>Because the company enables shopping from within its app, its customers can split purchases even from merchants that don't list Affirm as payment options on their own websites. There's no Affirm button on Amazon's traditional website, for instance, but the e-commerce giant is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest merchants within the Affirm app, Linford said. Affirm uses virtual cards to split customers' Amazon purchases on the back end.</p>\n<p><b>Afterpay</b></p>\n<p>After helping to kick off the BNPL trend in Australia, Afterpay came to the U.S. market less than three years ago with a focus on interest-free offerings.</p>\n<p>Afterpay is \"not trying to upsell someone credit,\" Co-Chief Executive Nick Molnar told MarketWatch, and the company has been \"purposefully focused on the couple-hundred-dollar purchase\" thus far.</p>\n<p>The company charges a late fee after an initial grace period for consumers who fall behind on payments, and it cuts customers off from making future purchases until they pay back what they owe.</p>\n<p>\"Unlike a finance company that wants you to be late...with Afterpay you can't keep shopping\" after missing a payment, Molnar said. That dynamic fosters a better relationship with customers, in his view.</p>\n<p>Afterpay's North America merchant base grew more than 150% in the latest quarter relative to a year earlier. In the U.S., underlying sales, or the value of items purchased through its service, increased 211%.</p>\n<p>The company now works with 23,000 retail brands in the U.S. including Bed Bath &amp; Beyond Inc. <a href=\"https://laohu8.com/S/BBBY\">$(BBBY)$</a> and Lululemon Athletica Inc. <a href=\"https://laohu8.com/S/LULU\">$(LULU)$</a>. A recent partnership with Stripe made it easy for that company's merchants to easily activate Afterpay as a checkout option.</p>\n<p>The company may process 10% to 30% of transactions for its retail partners once enabled as a payment option, Molnar said.</p>\n<p>Afterpay is building a presence beyond the checkout button, with 17% of purchases globally during the month of February originating from Shop Directory, meaning that these customers are locating merchants through Afterpay's app or site.</p>\n<p>While Afterpay is relatively new in the U.S., its success in Australia \"puts into perspective where Afterpay can expand as a business,\" Molnar said. In Australia, 25% of volume comes from in-store purchases, and consumers can pay for things like dentist visits using the service.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 13:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TERN":"Terns Pharmaceuticals, Inc.","LULU":"lululemon athletica","CRCT":"Cricut, Inc.","AFRM":"Affirm Holdings, Inc.","V":"Visa","PYPL":"PayPal","APT.AU":"Afterpay Touch"},"source_url":"https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156816448","content_text":"A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the payment option to faster domestic growth\nMARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO\nA new form of digital layaway has taken Europe by storm and found some acceptance in the U.S., and the growing handful of rivals in the space are looking to spur more online purchases that Americans pay for over time.\n\"Buy now, pay later\" options -- referred to in the payments industry as BNPL -- offer a twist on the concept of layaway, allowing consumers to split purchases into installments and charging them either simple interest or no interest at all, in a break from the traditional credit model that lets interest compound. Unlike with traditional layaway, consumers receive instant access to their purchase as they pay it off.\nFurniture companies have long let people pay for big-ticket items in installments while taking the product home right away, but now the concept has made its way online, spreading across industries and into smaller purchase amounts, JMP Securities analyst David Scharf noted. Those looking to build fancy home gyms during the pandemic could split the cost of an $1,800-plus Peloton Interactive Inc. $(PTON)$ bike into 39 interest-free monthly payments of $49 using financing from Affirm Holdings Inc. $(AFRM)$ A host of other players have been rushing to stake their claims elsewhere in the U.S. retail market.\nThe services are seeing surging adoption, driven by growing merchant acceptance, booming e-commerce sales, and what many providers say is a skepticism among younger shoppers about traditional credit offerings. Though BNPL services accounted for just 2% of U.S. e-commerce payments last year according to FIS Global, they're rapidly gaining in popularity. The value of purchases made using BNPL offerings rose 132% in the first quarter, per data from Cardify.ai.\nBNPL services are more prevalent overseas, accounting for more than 7% of European e-commerce transactions in 2020 and 10% of Australian ones, according to FIS Global. In Sweden, home to BNPL provider Klarna, installments accounted for 23% of e-commerce transactions last year.\nThe installment wave has drawn the interest of established giants like Visa Inc. (V) and PayPal Holdings Inc. (PYPL), as well as a host of newer fintech players that have carved out different paths as they seek to stake their claims in the nascent U.S. market.\nThe trend is of growing relevance to investors. U.S. startup Affirm recently went public, while Australia's Afterpay Ltd. , which trades in its home country, is contemplating a U.S. listing given the growing importance of the U.S. market to its business. Sweden's Klarna is considering an IPO in the U.K ., according to Bloomberg, though its chief executive has expressed some concerns about potential regulations.\nIn the credit-card model, merchants pay transaction fees when they accept card payments and consumers pay accrued interest if they carry a balance. BNPL services, which can sometimes be interest-free to the consumer, charge a steeper fee to merchants, who've been increasingly willing to pay up for the services so that consumers will be more inclined to go through with an online purchase.\nBNPL sits amid a number of attractive industry trends, according to Jefferies analyst John Hecht, who sees a $600 billion total transaction opportunity for the industry in the U.S., based on the value of e-commerce purchases made outside of Amazon.com Inc. $(AMZN)$ He expects that the services could take a bite out of what he views as an $840 billion dollar total addressable market for fintech-enabled credit products.\nWhile BNPL offerings are structured differently than traditional credit, they aren't without risk. The various BNPL companies have different policies about missed payments, but some will charge late fees or report to the credit bureaus about failures to make good on payment commitments. The industry is largely unregulated and there are concerns that consumers could end up taking on more installment commitments than they can afford to pay back in the allotted timeframes, especially in a credit crunch.\nThe companies have different approaches to the U.S. as they try to build or expand their BNPL businesses. MarketWatch spoke to executives at some of the leading offerings to find out their strategies for the market.\nAffirm\nWhile Peloton is Affirm's largest customer, the BNPL company has been expanding its merchant mix, which doubled from a year earlier in the latest quarter to reach almost 12,000 retailers.\nOne move to diversify the company's merchant base is a recent arrangement with Shopify Inc. (SHOP.T) that makes it easy for the e-commerce company's merchants to enable Affirm's installment offerings. In exchange, Shopify got equity interest in Affirm.\n\"Because of the nature of the relationship, they have every incentive in the world to make sure it's successful,\" Chief Financial Officer Michael Linford said. He expects that the deal \"will add substantially more value to us than we had to give up\" since Shopify's vast merchant base is \"really difficult if not impossible to build.\"\nAffirm offers a mix of simple-interest and interest-free installment options, and Linford said that the company is particularly differentiated in its work with high-value purchases as its tech and risk-management capabilities enable it to \"create a lot of value for merchants.\" Affirm's underwriting determines which customers would be capable of making their installment payments on big-ticket items.\nAt the same time, Affirm sees value in helping to facilitate ordinary spending as well, and it recently announced a debit card that will let people buy things and split them after the fact using their cards.\nThe company doesn't charge late fees for customers who miss payments, according to Linford. For customers who ultimately fail to make good on smaller-value payments, the company may lock down access to the Affirm network going forward. Those who don't pay up for bigger-ticket items could be reported to a credit bureau.\nAbout 30% of Affirm transactions originate from within the company's \"properties\"--mainly its mobile app--rather than from merchants' own sites. The app is \"really, really powerful for re-engagement\" of users, Linford said, and merchants can pay to show new products or offers on the platform.\nAs e-commerce booms, there's a \"quite aggressive fight to get any sort of mindshare,\" Linford said, and he argued that the platform holds appeal with brands looking to reach younger-generation consumers who have \"high intent and capacity to purchase.\"\nBecause the company enables shopping from within its app, its customers can split purchases even from merchants that don't list Affirm as payment options on their own websites. There's no Affirm button on Amazon's traditional website, for instance, but the e-commerce giant is one of the largest merchants within the Affirm app, Linford said. Affirm uses virtual cards to split customers' Amazon purchases on the back end.\nAfterpay\nAfter helping to kick off the BNPL trend in Australia, Afterpay came to the U.S. market less than three years ago with a focus on interest-free offerings.\nAfterpay is \"not trying to upsell someone credit,\" Co-Chief Executive Nick Molnar told MarketWatch, and the company has been \"purposefully focused on the couple-hundred-dollar purchase\" thus far.\nThe company charges a late fee after an initial grace period for consumers who fall behind on payments, and it cuts customers off from making future purchases until they pay back what they owe.\n\"Unlike a finance company that wants you to be late...with Afterpay you can't keep shopping\" after missing a payment, Molnar said. That dynamic fosters a better relationship with customers, in his view.\nAfterpay's North America merchant base grew more than 150% in the latest quarter relative to a year earlier. In the U.S., underlying sales, or the value of items purchased through its service, increased 211%.\nThe company now works with 23,000 retail brands in the U.S. including Bed Bath & Beyond Inc. $(BBBY)$ and Lululemon Athletica Inc. $(LULU)$. A recent partnership with Stripe made it easy for that company's merchants to easily activate Afterpay as a checkout option.\nThe company may process 10% to 30% of transactions for its retail partners once enabled as a payment option, Molnar said.\nAfterpay is building a presence beyond the checkout button, with 17% of purchases globally during the month of February originating from Shop Directory, meaning that these customers are locating merchants through Afterpay's app or site.\nWhile Afterpay is relatively new in the U.S., its success in Australia \"puts into perspective where Afterpay can expand as a business,\" Molnar said. In Australia, 25% of volume comes from in-store purchases, and consumers can pay for things like dentist visits using the service.","news_type":1},"isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805295844,"gmtCreate":1627881558488,"gmtModify":1703497116036,"author":{"id":"4090936695088830","authorId":"4090936695088830","name":"jitkun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090936695088830","idStr":"4090936695088830"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805295844","repostId":"1170689665","repostType":4,"repost":{"id":"1170689665","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627857540,"share":"https://ttm.financial/m/news/1170689665?lang=&edition=fundamental","pubTime":"2021-08-02 06:39","market":"us","language":"en","title":"Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1170689665","media":"Tiger Newspress","summary":"The parade of second-quarter results continues this week. No fewer than 143 S&P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Dig","content":"<p>The parade of second-quarter results continues this week. No fewer than 143 S&amp;P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.</p>\n<p>Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and&nbsp;ViacomCBS&nbsp;go on Thursday and&nbsp;DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation&nbsp;New Oriental Education &amp; Technology Group Inc. and&nbsp;TAL Education Group&nbsp;cancels scheduled earnings release and earnings call.</p>\n<p><img src=\"https://static.tigerbbs.com/94057bf11ca8d7311db6c075ba98727b\" tg-width=\"1706\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p>\n<p>The highlight on the&nbsp;economic&nbsp;calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.</p>\n<p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.</p>\n<p><b>Monday 8/2</b></p>\n<p>CNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett &amp; Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.</p>\n<p>GE stock&nbsp;will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.</p>\n<p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.</p>\n<p><b>The Census Bureau</b>&nbsp;reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.</p>\n<p><b>Tuesday 8/3</b></p>\n<p>Eaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun &amp; Bradstreet Holdings,ConocoPhillips, and&nbsp;Jacobs Engineering Grouphost conference calls to discuss financial results.</p>\n<p><b>The Census Bureau</b>&nbsp;is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.</p>\n<p><b>Wednesday 8/4</b></p>\n<p>Sony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.</p>\n<p><b>The Bureau of Economic</b>&nbsp;Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.</p>\n<p><b>The ISM releases</b>&nbsp;its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.</p>\n<p><b>ADP releases</b>&nbsp;its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.</p>\n<p><b>Thursday 8/5</b></p>\n<p>Zillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman &amp; Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and&nbsp;Siemensare expected to report financial results.</p>\n<p>Friday 8/6</p>\n<p><b>The BLS releases the jobs report</b>&nbsp;for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.</p>\n<p>DraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-02 06:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The parade of second-quarter results continues this week. No fewer than 143 S&amp;P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.</p>\n<p>Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and&nbsp;ViacomCBS&nbsp;go on Thursday and&nbsp;DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation&nbsp;New Oriental Education &amp; Technology Group Inc. and&nbsp;TAL Education Group&nbsp;cancels scheduled earnings release and earnings call.</p>\n<p><img src=\"https://static.tigerbbs.com/94057bf11ca8d7311db6c075ba98727b\" tg-width=\"1706\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p>\n<p>The highlight on the&nbsp;economic&nbsp;calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.</p>\n<p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.</p>\n<p><b>Monday 8/2</b></p>\n<p>CNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett &amp; Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.</p>\n<p>GE stock&nbsp;will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.</p>\n<p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.</p>\n<p><b>The Census Bureau</b>&nbsp;reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.</p>\n<p><b>Tuesday 8/3</b></p>\n<p>Eaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun &amp; Bradstreet Holdings,ConocoPhillips, and&nbsp;Jacobs Engineering Grouphost conference calls to discuss financial results.</p>\n<p><b>The Census Bureau</b>&nbsp;is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.</p>\n<p><b>Wednesday 8/4</b></p>\n<p>Sony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.</p>\n<p><b>The Bureau of Economic</b>&nbsp;Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.</p>\n<p><b>The ISM releases</b>&nbsp;its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.</p>\n<p><b>ADP releases</b>&nbsp;its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.</p>\n<p><b>Thursday 8/5</b></p>\n<p>Zillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman &amp; Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and&nbsp;Siemensare expected to report financial results.</p>\n<p>Friday 8/6</p>\n<p><b>The BLS releases the jobs report</b>&nbsp;for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.</p>\n<p>DraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","UBER":"优步","DKNG":"DraftKings Inc.",".SPX":"S&P 500 Index","ROKU":"Roku Inc","GE":"GE航空航天",".DJI":"道琼斯","EA":"艺电","BABA":"阿里巴巴","GM":"通用汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170689665","content_text":"The parade of second-quarter results continues this week. No fewer than 143 S&P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.\nWednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and ViacomCBS go on Thursday and DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation New Oriental Education & Technology Group Inc. and TAL Education Group cancels scheduled earnings release and earnings call.\n\nThe highlight on the economic calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.\nOther data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.\nMonday 8/2\nCNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett & Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.\nGE stock will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.\nThe Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.\nThe Census Bureau reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.\nTuesday 8/3\nEaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun & Bradstreet Holdings,ConocoPhillips, and Jacobs Engineering Grouphost conference calls to discuss financial results.\nThe Census Bureau is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.\nWednesday 8/4\nSony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.\nThe Bureau of Economic Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.\nThe ISM releases its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.\nADP releases its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.\nThursday 8/5\nZillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman & Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and Siemensare expected to report financial results.\nFriday 8/6\nThe BLS releases the jobs report for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.\nDraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":805295844,"gmtCreate":1627881558488,"gmtModify":1703497116036,"author":{"id":"4090936695088830","authorId":"4090936695088830","name":"jitkun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090936695088830","authorIdStr":"4090936695088830"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805295844","repostId":"1170689665","repostType":4,"repost":{"id":"1170689665","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627857540,"share":"https://ttm.financial/m/news/1170689665?lang=&edition=fundamental","pubTime":"2021-08-02 06:39","market":"us","language":"en","title":"Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1170689665","media":"Tiger Newspress","summary":"The parade of second-quarter results continues this week. No fewer than 143 S&P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Dig","content":"<p>The parade of second-quarter results continues this week. No fewer than 143 S&amp;P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.</p>\n<p>Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and&nbsp;ViacomCBS&nbsp;go on Thursday and&nbsp;DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation&nbsp;New Oriental Education &amp; Technology Group Inc. and&nbsp;TAL Education Group&nbsp;cancels scheduled earnings release and earnings call.</p>\n<p><img src=\"https://static.tigerbbs.com/94057bf11ca8d7311db6c075ba98727b\" tg-width=\"1706\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p>\n<p>The highlight on the&nbsp;economic&nbsp;calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.</p>\n<p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.</p>\n<p><b>Monday 8/2</b></p>\n<p>CNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett &amp; Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.</p>\n<p>GE stock&nbsp;will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.</p>\n<p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.</p>\n<p><b>The Census Bureau</b>&nbsp;reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.</p>\n<p><b>Tuesday 8/3</b></p>\n<p>Eaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun &amp; Bradstreet Holdings,ConocoPhillips, and&nbsp;Jacobs Engineering Grouphost conference calls to discuss financial results.</p>\n<p><b>The Census Bureau</b>&nbsp;is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.</p>\n<p><b>Wednesday 8/4</b></p>\n<p>Sony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.</p>\n<p><b>The Bureau of Economic</b>&nbsp;Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.</p>\n<p><b>The ISM releases</b>&nbsp;its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.</p>\n<p><b>ADP releases</b>&nbsp;its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.</p>\n<p><b>Thursday 8/5</b></p>\n<p>Zillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman &amp; Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and&nbsp;Siemensare expected to report financial results.</p>\n<p>Friday 8/6</p>\n<p><b>The BLS releases the jobs report</b>&nbsp;for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.</p>\n<p>DraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-02 06:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The parade of second-quarter results continues this week. No fewer than 143 S&amp;P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.</p>\n<p>Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and&nbsp;ViacomCBS&nbsp;go on Thursday and&nbsp;DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation&nbsp;New Oriental Education &amp; Technology Group Inc. and&nbsp;TAL Education Group&nbsp;cancels scheduled earnings release and earnings call.</p>\n<p><img src=\"https://static.tigerbbs.com/94057bf11ca8d7311db6c075ba98727b\" tg-width=\"1706\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p>\n<p>The highlight on the&nbsp;economic&nbsp;calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.</p>\n<p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.</p>\n<p><b>Monday 8/2</b></p>\n<p>CNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett &amp; Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.</p>\n<p>GE stock&nbsp;will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.</p>\n<p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.</p>\n<p><b>The Census Bureau</b>&nbsp;reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.</p>\n<p><b>Tuesday 8/3</b></p>\n<p>Eaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun &amp; Bradstreet Holdings,ConocoPhillips, and&nbsp;Jacobs Engineering Grouphost conference calls to discuss financial results.</p>\n<p><b>The Census Bureau</b>&nbsp;is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.</p>\n<p><b>Wednesday 8/4</b></p>\n<p>Sony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.</p>\n<p><b>The Bureau of Economic</b>&nbsp;Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.</p>\n<p><b>The ISM releases</b>&nbsp;its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.</p>\n<p><b>ADP releases</b>&nbsp;its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.</p>\n<p><b>Thursday 8/5</b></p>\n<p>Zillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman &amp; Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and&nbsp;Siemensare expected to report financial results.</p>\n<p>Friday 8/6</p>\n<p><b>The BLS releases the jobs report</b>&nbsp;for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.</p>\n<p>DraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","UBER":"优步","DKNG":"DraftKings Inc.",".SPX":"S&P 500 Index","ROKU":"Roku Inc","GE":"GE航空航天",".DJI":"道琼斯","EA":"艺电","BABA":"阿里巴巴","GM":"通用汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170689665","content_text":"The parade of second-quarter results continues this week. No fewer than 143 S&P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.\nWednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and ViacomCBS go on Thursday and DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation New Oriental Education & Technology Group Inc. and TAL Education Group cancels scheduled earnings release and earnings call.\n\nThe highlight on the economic calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.\nOther data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.\nMonday 8/2\nCNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett & Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.\nGE stock will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.\nThe Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.\nThe Census Bureau reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.\nTuesday 8/3\nEaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun & Bradstreet Holdings,ConocoPhillips, and Jacobs Engineering Grouphost conference calls to discuss financial results.\nThe Census Bureau is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.\nWednesday 8/4\nSony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.\nThe Bureau of Economic Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.\nThe ISM releases its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.\nADP releases its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.\nThursday 8/5\nZillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman & Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and Siemensare expected to report financial results.\nFriday 8/6\nThe BLS releases the jobs report for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.\nDraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805294182,"gmtCreate":1627881641246,"gmtModify":1703497116869,"author":{"id":"4090936695088830","authorId":"4090936695088830","name":"jitkun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090936695088830","authorIdStr":"4090936695088830"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805294182","repostId":"1131303656","repostType":4,"repost":{"id":"1131303656","kind":"news","pubTimestamp":1627874331,"share":"https://ttm.financial/m/news/1131303656?lang=&edition=fundamental","pubTime":"2021-08-02 11:18","market":"us","language":"en","title":"Samsung Takes Intel’s Chip-Seller Crown, but Bigger Showdown Looms","url":"https://stock-news.laohu8.com/highlight/detail?id=1131303656","media":"The Wall Street Journal","summary":"Cash is paramount as both companies seek to fund aggressive expansions into high-tech production.Samsung overtook $Intel$ in the second quarter as the top chip maker by revenue and is expected to hold on to that distinction in the near future.Intel Corp. aspires tochip-technology supremacy within four years. But for now, it has fallen from the industry’s top spot by one key measure.In the second quarter, $Samsung Electronics Co., Ltd.$ overtook Intel as the world’s top chip maker by revenue. Giv","content":"<p><i><b>Cash is paramount as both companies seek to fund aggressive expansions into high-tech production.</b></i></p>\n<p><i>Samsung overtook <a href=\"https://laohu8.com/S/INTC\">Intel</a> in the second quarter as the top chip maker by revenue and is expected to hold on to that distinction in the near future.</i></p>\n<p>Intel&nbsp;Corp.&nbsp;aspires tochip-technology supremacy&nbsp;within four years. But for now, it has fallen from the industry’s top spot by one key measure.</p>\n<p>In the second quarter,&nbsp;<a href=\"https://laohu8.com/S/SSNNF\">Samsung Electronics Co., Ltd.</a> overtook Intel as the world’s top chip maker by revenue. Given divergent outlooks for their core businesses, the positioning is likely to stay that way in the near future, industry analysts say.</p>\n<p>The South Korean tech company, which specializes in memory chips, racked up 22.74 trillion won, the equivalent of $19.7 billion,in semiconductor revenue&nbsp;during the April-June quarter.&nbsp;Total revenue for Intel, was $19.6 billion—or $18.5 billion after subtracting the contribution of a business unit it has agreed to sell.</p>\n<p>Intel, based in Santa Clara, Calif., has held the No. 1 sales spot for much of the past three decades, ceding it to Samsung in 2017 and 2018 when memory-chip sales boomed.</p>\n<p>The ranking is about more than bragging rights: Intel needs financial clout more than ever. Under new Chief Executive Pat Gelsinger, the company is embarking on an ambitious strategy to manufacture cutting-edge chips—one of the business world’s costliest endeavors.</p>\n<p><b>Chip Fight&nbsp;</b></p>\n<p>A memory-market uptick helped Samsung'sshares outgain Intel's over the past year.</p>\n<p><img src=\"https://static.tigerbbs.com/8a4d0b49449e0776d721454dbe720e88\" tg-width=\"477\" tg-height=\"478\" width=\"100%\" height=\"auto\">Source: FactSet</p>\n<p>Intel aspires to vault into a top-end foundry business, or the contract manufacturing of the most-advanced chips. In the race to miniaturize chip circuitry to the final nanometers, Intel joins a world populated by&nbsp;<a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a> and Samsung, both of which have allocated more than $100 billion. More sales provide more cash for capital expenditures and to give to shareholders.</p>\n<p>Though many firms, including&nbsp;<a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> and&nbsp;<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>,&nbsp;design superpowered chips, only TSMC and Samsung are able to manufacture them. Intel could join that list if its contract chip-making ambitions materialize.</p>\n<p>With a&nbsp;global shortage of chips&nbsp;hobbling businesses world-wide, the U.S., Europe and other governments are offering tens of billions of dollars in incentives to spur the building of chip-making plants. But even so, such cutting-edge production requires advanced machines that cancost $150 million apiece, while a single facility can cost $20 billion.</p>\n<p>The next frontiers of chip making are so demanding that only TSMC, Samsung and Intel have the technological capability and deep pockets to proceed, said Dale Gai, a research director at Counterpoint Research. “I don’t see anyone in the No. 4 position,” he said.</p>\n<p>The three-company race will ultimately dictate where—and by whom—the advanced semiconductors essential for 5G cellular networks, self-driving cars and artificial intelligence are made. TSMC is currentlythe biggest foundry player, controlling 55% of the market, while Samsung represents 17%, according to first-quarter data from TrendForce, a market researcher.</p>\n<p>Samsung and Intel didn’t appear to be on a major collision course until Mr. Gelsinger rejoined Intel in January. He wants the company’s future to be making advanced chips not only for itself, but for others.</p>\n<p>Mr. Gelsinger said in July that Intel already had more than 100 potential foundry customers lined up. They include Qualcomm, one of the biggest providers of chips for cellphones and a major Samsung customer. “We fully expect that this is going to be a great business for us,” he said on a call with analysts.</p>\n<p>Samsung said it is targeting 20% annual sales growth for its foundry business this year as demand increases, said Shawn Han, a senior vice president for the company’s foundry operations, in a Thursday earnings call. “We will maximize our capabilities to supply chips,” Mr. Han said.</p>\n<p>It is a robust time for the chip industry, writ large. Global semiconductor revenue is expected to grow 12.5% this year to $522 billion, according to International Data Corp., a market researcher. Global shortages have handed chip makers pricing power and abundant orders.</p>\n<p>Going forward, Samsung and Intel will look to fund their foundry aspirations by leaning on cash-cow chip businesses that have done well during the pandemic.</p>\n<p>Samsung’s rise to No. 1 in revenue reflects the overwhelming demand for memory chips—they typically cost just a few dollars apiece, compared with hundreds of dollars and often more for the central processing units that provide most of Intel’s income.</p>\n<p>For the full year, global memory sales are expected to rise 33%, while revenue from CPUs, which go in PCs and data servers, is expected to grow by 4%, according to market researcher Gartner Inc. While PC sales soared during the pandemic and are still rising, growth has slowed of late, according to IDC. And Intel is having to fend off rival CPU makers like&nbsp;Advanced Micro Devices&nbsp;Inc.,&nbsp;while some big clients forgo Intel-made chips for in-house alternatives.</p>\n<p>In March, Mr. Gelsinger unveiled his turnaround plan, along with more than $20 billion in investments in two plants in Arizona. He followed, in May, with a $3.5 billion expansion effort in New Mexico. Additional capacity growth, in the U.S. and abroad, is in the planning stages.</p>\n<p>In an interview after Intel’s second-quarter earnings announcement, Mr. Gelsinger expressed optimism about the company’s core business, citing appetite for new computers a&nbsp;<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>’s&nbsp;Windows 11 operating system hits the market later this year. “We see that strength continuing in the next year and beyond,” he said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Samsung Takes Intel’s Chip-Seller Crown, but Bigger Showdown Looms</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSamsung Takes Intel’s Chip-Seller Crown, but Bigger Showdown Looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/samsung-takes-intels-chip-seller-crown-but-bigger-showdown-looms-11627812000?mod=hp_lista_pos5><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cash is paramount as both companies seek to fund aggressive expansions into high-tech production.\nSamsung overtook Intel in the second quarter as the top chip maker by revenue and is expected to hold ...</p>\n\n<a href=\"https://www.wsj.com/articles/samsung-takes-intels-chip-seller-crown-but-bigger-showdown-looms-11627812000?mod=hp_lista_pos5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","INTC":"英特尔"},"source_url":"https://www.wsj.com/articles/samsung-takes-intels-chip-seller-crown-but-bigger-showdown-looms-11627812000?mod=hp_lista_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131303656","content_text":"Cash is paramount as both companies seek to fund aggressive expansions into high-tech production.\nSamsung overtook Intel in the second quarter as the top chip maker by revenue and is expected to hold on to that distinction in the near future.\nIntel Corp. aspires tochip-technology supremacy within four years. But for now, it has fallen from the industry’s top spot by one key measure.\nIn the second quarter, Samsung Electronics Co., Ltd. overtook Intel as the world’s top chip maker by revenue. Given divergent outlooks for their core businesses, the positioning is likely to stay that way in the near future, industry analysts say.\nThe South Korean tech company, which specializes in memory chips, racked up 22.74 trillion won, the equivalent of $19.7 billion,in semiconductor revenue during the April-June quarter. Total revenue for Intel, was $19.6 billion—or $18.5 billion after subtracting the contribution of a business unit it has agreed to sell.\nIntel, based in Santa Clara, Calif., has held the No. 1 sales spot for much of the past three decades, ceding it to Samsung in 2017 and 2018 when memory-chip sales boomed.\nThe ranking is about more than bragging rights: Intel needs financial clout more than ever. Under new Chief Executive Pat Gelsinger, the company is embarking on an ambitious strategy to manufacture cutting-edge chips—one of the business world’s costliest endeavors.\nChip Fight \nA memory-market uptick helped Samsung'sshares outgain Intel's over the past year.\nSource: FactSet\nIntel aspires to vault into a top-end foundry business, or the contract manufacturing of the most-advanced chips. In the race to miniaturize chip circuitry to the final nanometers, Intel joins a world populated by Taiwan Semiconductor Manufacturing and Samsung, both of which have allocated more than $100 billion. More sales provide more cash for capital expenditures and to give to shareholders.\nThough many firms, including NVIDIA Corp and Qualcomm, design superpowered chips, only TSMC and Samsung are able to manufacture them. Intel could join that list if its contract chip-making ambitions materialize.\nWith a global shortage of chips hobbling businesses world-wide, the U.S., Europe and other governments are offering tens of billions of dollars in incentives to spur the building of chip-making plants. But even so, such cutting-edge production requires advanced machines that cancost $150 million apiece, while a single facility can cost $20 billion.\nThe next frontiers of chip making are so demanding that only TSMC, Samsung and Intel have the technological capability and deep pockets to proceed, said Dale Gai, a research director at Counterpoint Research. “I don’t see anyone in the No. 4 position,” he said.\nThe three-company race will ultimately dictate where—and by whom—the advanced semiconductors essential for 5G cellular networks, self-driving cars and artificial intelligence are made. TSMC is currentlythe biggest foundry player, controlling 55% of the market, while Samsung represents 17%, according to first-quarter data from TrendForce, a market researcher.\nSamsung and Intel didn’t appear to be on a major collision course until Mr. Gelsinger rejoined Intel in January. He wants the company’s future to be making advanced chips not only for itself, but for others.\nMr. Gelsinger said in July that Intel already had more than 100 potential foundry customers lined up. They include Qualcomm, one of the biggest providers of chips for cellphones and a major Samsung customer. “We fully expect that this is going to be a great business for us,” he said on a call with analysts.\nSamsung said it is targeting 20% annual sales growth for its foundry business this year as demand increases, said Shawn Han, a senior vice president for the company’s foundry operations, in a Thursday earnings call. “We will maximize our capabilities to supply chips,” Mr. Han said.\nIt is a robust time for the chip industry, writ large. Global semiconductor revenue is expected to grow 12.5% this year to $522 billion, according to International Data Corp., a market researcher. Global shortages have handed chip makers pricing power and abundant orders.\nGoing forward, Samsung and Intel will look to fund their foundry aspirations by leaning on cash-cow chip businesses that have done well during the pandemic.\nSamsung’s rise to No. 1 in revenue reflects the overwhelming demand for memory chips—they typically cost just a few dollars apiece, compared with hundreds of dollars and often more for the central processing units that provide most of Intel’s income.\nFor the full year, global memory sales are expected to rise 33%, while revenue from CPUs, which go in PCs and data servers, is expected to grow by 4%, according to market researcher Gartner Inc. While PC sales soared during the pandemic and are still rising, growth has slowed of late, according to IDC. And Intel is having to fend off rival CPU makers like Advanced Micro Devices Inc., while some big clients forgo Intel-made chips for in-house alternatives.\nIn March, Mr. Gelsinger unveiled his turnaround plan, along with more than $20 billion in investments in two plants in Arizona. He followed, in May, with a $3.5 billion expansion effort in New Mexico. Additional capacity growth, in the U.S. and abroad, is in the planning stages.\nIn an interview after Intel’s second-quarter earnings announcement, Mr. Gelsinger expressed optimism about the company’s core business, citing appetite for new computers a Microsoft’s Windows 11 operating system hits the market later this year. “We see that strength continuing in the next year and beyond,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805294961,"gmtCreate":1627881621053,"gmtModify":1703497117701,"author":{"id":"4090936695088830","authorId":"4090936695088830","name":"jitkun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090936695088830","authorIdStr":"4090936695088830"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805294961","repostId":"2156816448","repostType":4,"repost":{"id":"2156816448","kind":"highlight","pubTimestamp":1627881172,"share":"https://ttm.financial/m/news/2156816448?lang=&edition=fundamental","pubTime":"2021-08-02 13:12","market":"us","language":"en","title":"The buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm","url":"https://stock-news.laohu8.com/highlight/detail?id=2156816448","media":"MarketWatch","summary":"A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. ","content":"<p>A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the payment option to faster domestic growth</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84930a25114bbd7d680d015b31af0be5\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p>\n<p>A new form of digital layaway has taken Europe by storm and found some acceptance in the U.S., and the growing handful of rivals in the space are looking to spur more online purchases that Americans pay for over time.</p>\n<p>\"Buy now, pay later\" options -- referred to in the payments industry as BNPL -- offer a twist on the concept of layaway, allowing consumers to split purchases into installments and charging them either simple interest or no interest at all, in a break from the traditional credit model that lets interest compound. Unlike with traditional layaway, consumers receive instant access to their purchase as they pay it off.</p>\n<p>Furniture companies have long let people pay for big-ticket items in installments while taking the product home right away, but now the concept has made its way online, spreading across industries and into smaller purchase amounts, JMP Securities analyst David Scharf noted. Those looking to build fancy home gyms during the pandemic could split the cost of an $1,800-plus Peloton Interactive Inc. <a href=\"https://laohu8.com/S/PTON\">$(PTON)$</a> bike into 39 interest-free monthly payments of $49 using financing from Affirm Holdings Inc. <a href=\"https://laohu8.com/S/AFRM\">$(AFRM)$</a> A host of other players have been rushing to stake their claims elsewhere in the U.S. retail market.</p>\n<p>The services are seeing surging adoption, driven by growing merchant acceptance, booming e-commerce sales, and what many providers say is a skepticism among younger shoppers about traditional credit offerings. Though BNPL services accounted for just 2% of U.S. e-commerce payments last year according to FIS Global, they're rapidly gaining in popularity. The value of purchases made using BNPL offerings rose 132% in the first quarter, per data from Cardify.ai.</p>\n<p>BNPL services are more prevalent overseas, accounting for more than 7% of European e-commerce transactions in 2020 and 10% of Australian ones, according to FIS Global. In Sweden, home to BNPL provider Klarna, installments accounted for 23% of e-commerce transactions last year.</p>\n<p>The installment wave has drawn the interest of established giants like <a href=\"https://laohu8.com/S/V\">Visa</a> Inc. (V) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc. (PYPL), as well as a host of newer fintech players that have carved out different paths as they seek to stake their claims in the nascent U.S. market.</p>\n<p>The trend is of growing relevance to investors. U.S. startup Affirm recently went public, while Australia's Afterpay Ltd. , which trades in its home country, is contemplating a U.S. listing given the growing importance of the U.S. market to its business. Sweden's Klarna is considering an IPO in the U.K ., according to Bloomberg, though its chief executive has expressed some concerns about potential regulations.</p>\n<p>In the credit-card model, merchants pay transaction fees when they accept card payments and consumers pay accrued interest if they carry a balance. BNPL services, which can sometimes be interest-free to the consumer, charge a steeper fee to merchants, who've been increasingly willing to pay up for the services so that consumers will be more inclined to go through with an online purchase.</p>\n<p>BNPL sits amid a number of attractive industry trends, according to Jefferies analyst John Hecht, who sees a $600 billion total transaction opportunity for the industry in the U.S., based on the value of e-commerce purchases made outside of Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> He expects that the services could take a bite out of what he views as an $840 billion dollar total addressable market for fintech-enabled credit products.</p>\n<p>While BNPL offerings are structured differently than traditional credit, they aren't without risk. The various BNPL companies have different policies about missed payments, but some will charge late fees or report to the credit bureaus about failures to make good on payment commitments. The industry is largely unregulated and there are concerns that consumers could end up taking on more installment commitments than they can afford to pay back in the allotted timeframes, especially in a credit crunch.</p>\n<p>The companies have different approaches to the U.S. as they try to build or expand their BNPL businesses. MarketWatch spoke to executives at some of the leading offerings to find out their strategies for the market.</p>\n<p><b>Affirm</b></p>\n<p>While Peloton is Affirm's largest customer, the BNPL company has been expanding its merchant mix, which doubled from a year earlier in the latest quarter to reach almost 12,000 retailers.</p>\n<p>One move to diversify the company's merchant base is a recent arrangement with <a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>. (SHOP.T) that makes it easy for the e-commerce company's merchants to enable Affirm's installment offerings. In exchange, Shopify got equity interest in Affirm.</p>\n<p>\"Because of the nature of the relationship, they have every incentive in the world to make sure it's successful,\" Chief Financial Officer Michael Linford said. He expects that the deal \"will add substantially more value to us than we had to give up\" since Shopify's vast merchant base is \"really difficult if not impossible to build.\"</p>\n<p>Affirm offers a mix of simple-interest and interest-free installment options, and Linford said that the company is particularly differentiated in its work with high-value purchases as its tech and risk-management capabilities enable it to \"create a lot of value for merchants.\" Affirm's underwriting determines which customers would be capable of making their installment payments on big-ticket items.</p>\n<p>At the same time, Affirm sees value in helping to facilitate ordinary spending as well, and it recently announced a debit card that will let people buy things and split them after the fact using their cards.</p>\n<p>The company doesn't charge late fees for customers who miss payments, according to Linford. For customers who ultimately fail to make good on smaller-value payments, the company may lock down access to the Affirm network going forward. Those who don't pay up for bigger-ticket items could be reported to a credit bureau.</p>\n<p>About 30% of Affirm transactions originate from within the company's \"properties\"--mainly its mobile app--rather than from merchants' own sites. The app is \"really, really powerful for re-engagement\" of users, Linford said, and merchants can pay to show new products or offers on the platform.</p>\n<p>As e-commerce booms, there's a \"quite aggressive fight to get any sort of mindshare,\" Linford said, and he argued that the platform holds appeal with brands looking to reach younger-generation consumers who have \"high intent and capacity to purchase.\"</p>\n<p>Because the company enables shopping from within its app, its customers can split purchases even from merchants that don't list Affirm as payment options on their own websites. There's no Affirm button on Amazon's traditional website, for instance, but the e-commerce giant is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest merchants within the Affirm app, Linford said. Affirm uses virtual cards to split customers' Amazon purchases on the back end.</p>\n<p><b>Afterpay</b></p>\n<p>After helping to kick off the BNPL trend in Australia, Afterpay came to the U.S. market less than three years ago with a focus on interest-free offerings.</p>\n<p>Afterpay is \"not trying to upsell someone credit,\" Co-Chief Executive Nick Molnar told MarketWatch, and the company has been \"purposefully focused on the couple-hundred-dollar purchase\" thus far.</p>\n<p>The company charges a late fee after an initial grace period for consumers who fall behind on payments, and it cuts customers off from making future purchases until they pay back what they owe.</p>\n<p>\"Unlike a finance company that wants you to be late...with Afterpay you can't keep shopping\" after missing a payment, Molnar said. That dynamic fosters a better relationship with customers, in his view.</p>\n<p>Afterpay's North America merchant base grew more than 150% in the latest quarter relative to a year earlier. In the U.S., underlying sales, or the value of items purchased through its service, increased 211%.</p>\n<p>The company now works with 23,000 retail brands in the U.S. including Bed Bath &amp; Beyond Inc. <a href=\"https://laohu8.com/S/BBBY\">$(BBBY)$</a> and Lululemon Athletica Inc. <a href=\"https://laohu8.com/S/LULU\">$(LULU)$</a>. A recent partnership with Stripe made it easy for that company's merchants to easily activate Afterpay as a checkout option.</p>\n<p>The company may process 10% to 30% of transactions for its retail partners once enabled as a payment option, Molnar said.</p>\n<p>Afterpay is building a presence beyond the checkout button, with 17% of purchases globally during the month of February originating from Shop Directory, meaning that these customers are locating merchants through Afterpay's app or site.</p>\n<p>While Afterpay is relatively new in the U.S., its success in Australia \"puts into perspective where Afterpay can expand as a business,\" Molnar said. In Australia, 25% of volume comes from in-store purchases, and consumers can pay for things like dentist visits using the service.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 13:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TERN":"Terns Pharmaceuticals, Inc.","LULU":"lululemon athletica","CRCT":"Cricut, Inc.","AFRM":"Affirm Holdings, Inc.","V":"Visa","PYPL":"PayPal","APT.AU":"Afterpay Touch"},"source_url":"https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156816448","content_text":"A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the payment option to faster domestic growth\nMARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO\nA new form of digital layaway has taken Europe by storm and found some acceptance in the U.S., and the growing handful of rivals in the space are looking to spur more online purchases that Americans pay for over time.\n\"Buy now, pay later\" options -- referred to in the payments industry as BNPL -- offer a twist on the concept of layaway, allowing consumers to split purchases into installments and charging them either simple interest or no interest at all, in a break from the traditional credit model that lets interest compound. Unlike with traditional layaway, consumers receive instant access to their purchase as they pay it off.\nFurniture companies have long let people pay for big-ticket items in installments while taking the product home right away, but now the concept has made its way online, spreading across industries and into smaller purchase amounts, JMP Securities analyst David Scharf noted. Those looking to build fancy home gyms during the pandemic could split the cost of an $1,800-plus Peloton Interactive Inc. $(PTON)$ bike into 39 interest-free monthly payments of $49 using financing from Affirm Holdings Inc. $(AFRM)$ A host of other players have been rushing to stake their claims elsewhere in the U.S. retail market.\nThe services are seeing surging adoption, driven by growing merchant acceptance, booming e-commerce sales, and what many providers say is a skepticism among younger shoppers about traditional credit offerings. Though BNPL services accounted for just 2% of U.S. e-commerce payments last year according to FIS Global, they're rapidly gaining in popularity. The value of purchases made using BNPL offerings rose 132% in the first quarter, per data from Cardify.ai.\nBNPL services are more prevalent overseas, accounting for more than 7% of European e-commerce transactions in 2020 and 10% of Australian ones, according to FIS Global. In Sweden, home to BNPL provider Klarna, installments accounted for 23% of e-commerce transactions last year.\nThe installment wave has drawn the interest of established giants like Visa Inc. (V) and PayPal Holdings Inc. (PYPL), as well as a host of newer fintech players that have carved out different paths as they seek to stake their claims in the nascent U.S. market.\nThe trend is of growing relevance to investors. U.S. startup Affirm recently went public, while Australia's Afterpay Ltd. , which trades in its home country, is contemplating a U.S. listing given the growing importance of the U.S. market to its business. Sweden's Klarna is considering an IPO in the U.K ., according to Bloomberg, though its chief executive has expressed some concerns about potential regulations.\nIn the credit-card model, merchants pay transaction fees when they accept card payments and consumers pay accrued interest if they carry a balance. BNPL services, which can sometimes be interest-free to the consumer, charge a steeper fee to merchants, who've been increasingly willing to pay up for the services so that consumers will be more inclined to go through with an online purchase.\nBNPL sits amid a number of attractive industry trends, according to Jefferies analyst John Hecht, who sees a $600 billion total transaction opportunity for the industry in the U.S., based on the value of e-commerce purchases made outside of Amazon.com Inc. $(AMZN)$ He expects that the services could take a bite out of what he views as an $840 billion dollar total addressable market for fintech-enabled credit products.\nWhile BNPL offerings are structured differently than traditional credit, they aren't without risk. The various BNPL companies have different policies about missed payments, but some will charge late fees or report to the credit bureaus about failures to make good on payment commitments. The industry is largely unregulated and there are concerns that consumers could end up taking on more installment commitments than they can afford to pay back in the allotted timeframes, especially in a credit crunch.\nThe companies have different approaches to the U.S. as they try to build or expand their BNPL businesses. MarketWatch spoke to executives at some of the leading offerings to find out their strategies for the market.\nAffirm\nWhile Peloton is Affirm's largest customer, the BNPL company has been expanding its merchant mix, which doubled from a year earlier in the latest quarter to reach almost 12,000 retailers.\nOne move to diversify the company's merchant base is a recent arrangement with Shopify Inc. (SHOP.T) that makes it easy for the e-commerce company's merchants to enable Affirm's installment offerings. In exchange, Shopify got equity interest in Affirm.\n\"Because of the nature of the relationship, they have every incentive in the world to make sure it's successful,\" Chief Financial Officer Michael Linford said. He expects that the deal \"will add substantially more value to us than we had to give up\" since Shopify's vast merchant base is \"really difficult if not impossible to build.\"\nAffirm offers a mix of simple-interest and interest-free installment options, and Linford said that the company is particularly differentiated in its work with high-value purchases as its tech and risk-management capabilities enable it to \"create a lot of value for merchants.\" Affirm's underwriting determines which customers would be capable of making their installment payments on big-ticket items.\nAt the same time, Affirm sees value in helping to facilitate ordinary spending as well, and it recently announced a debit card that will let people buy things and split them after the fact using their cards.\nThe company doesn't charge late fees for customers who miss payments, according to Linford. For customers who ultimately fail to make good on smaller-value payments, the company may lock down access to the Affirm network going forward. Those who don't pay up for bigger-ticket items could be reported to a credit bureau.\nAbout 30% of Affirm transactions originate from within the company's \"properties\"--mainly its mobile app--rather than from merchants' own sites. The app is \"really, really powerful for re-engagement\" of users, Linford said, and merchants can pay to show new products or offers on the platform.\nAs e-commerce booms, there's a \"quite aggressive fight to get any sort of mindshare,\" Linford said, and he argued that the platform holds appeal with brands looking to reach younger-generation consumers who have \"high intent and capacity to purchase.\"\nBecause the company enables shopping from within its app, its customers can split purchases even from merchants that don't list Affirm as payment options on their own websites. There's no Affirm button on Amazon's traditional website, for instance, but the e-commerce giant is one of the largest merchants within the Affirm app, Linford said. Affirm uses virtual cards to split customers' Amazon purchases on the back end.\nAfterpay\nAfter helping to kick off the BNPL trend in Australia, Afterpay came to the U.S. market less than three years ago with a focus on interest-free offerings.\nAfterpay is \"not trying to upsell someone credit,\" Co-Chief Executive Nick Molnar told MarketWatch, and the company has been \"purposefully focused on the couple-hundred-dollar purchase\" thus far.\nThe company charges a late fee after an initial grace period for consumers who fall behind on payments, and it cuts customers off from making future purchases until they pay back what they owe.\n\"Unlike a finance company that wants you to be late...with Afterpay you can't keep shopping\" after missing a payment, Molnar said. That dynamic fosters a better relationship with customers, in his view.\nAfterpay's North America merchant base grew more than 150% in the latest quarter relative to a year earlier. In the U.S., underlying sales, or the value of items purchased through its service, increased 211%.\nThe company now works with 23,000 retail brands in the U.S. including Bed Bath & Beyond Inc. $(BBBY)$ and Lululemon Athletica Inc. $(LULU)$. A recent partnership with Stripe made it easy for that company's merchants to easily activate Afterpay as a checkout option.\nThe company may process 10% to 30% of transactions for its retail partners once enabled as a payment option, Molnar said.\nAfterpay is building a presence beyond the checkout button, with 17% of purchases globally during the month of February originating from Shop Directory, meaning that these customers are locating merchants through Afterpay's app or site.\nWhile Afterpay is relatively new in the U.S., its success in Australia \"puts into perspective where Afterpay can expand as a business,\" Molnar said. In Australia, 25% of volume comes from in-store purchases, and consumers can pay for things like dentist visits using the service.","news_type":1},"isVote":1,"tweetType":1,"viewCount":83,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805295546,"gmtCreate":1627881576885,"gmtModify":1703497116204,"author":{"id":"4090936695088830","authorId":"4090936695088830","name":"jitkun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090936695088830","authorIdStr":"4090936695088830"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805295546","repostId":"2156816448","repostType":4,"repost":{"id":"2156816448","kind":"highlight","pubTimestamp":1627881172,"share":"https://ttm.financial/m/news/2156816448?lang=&edition=fundamental","pubTime":"2021-08-02 13:12","market":"us","language":"en","title":"The buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm","url":"https://stock-news.laohu8.com/highlight/detail?id=2156816448","media":"MarketWatch","summary":"A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. ","content":"<p>A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the payment option to faster domestic growth</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84930a25114bbd7d680d015b31af0be5\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p>\n<p>A new form of digital layaway has taken Europe by storm and found some acceptance in the U.S., and the growing handful of rivals in the space are looking to spur more online purchases that Americans pay for over time.</p>\n<p>\"Buy now, pay later\" options -- referred to in the payments industry as BNPL -- offer a twist on the concept of layaway, allowing consumers to split purchases into installments and charging them either simple interest or no interest at all, in a break from the traditional credit model that lets interest compound. Unlike with traditional layaway, consumers receive instant access to their purchase as they pay it off.</p>\n<p>Furniture companies have long let people pay for big-ticket items in installments while taking the product home right away, but now the concept has made its way online, spreading across industries and into smaller purchase amounts, JMP Securities analyst David Scharf noted. Those looking to build fancy home gyms during the pandemic could split the cost of an $1,800-plus Peloton Interactive Inc. <a href=\"https://laohu8.com/S/PTON\">$(PTON)$</a> bike into 39 interest-free monthly payments of $49 using financing from Affirm Holdings Inc. <a href=\"https://laohu8.com/S/AFRM\">$(AFRM)$</a> A host of other players have been rushing to stake their claims elsewhere in the U.S. retail market.</p>\n<p>The services are seeing surging adoption, driven by growing merchant acceptance, booming e-commerce sales, and what many providers say is a skepticism among younger shoppers about traditional credit offerings. Though BNPL services accounted for just 2% of U.S. e-commerce payments last year according to FIS Global, they're rapidly gaining in popularity. The value of purchases made using BNPL offerings rose 132% in the first quarter, per data from Cardify.ai.</p>\n<p>BNPL services are more prevalent overseas, accounting for more than 7% of European e-commerce transactions in 2020 and 10% of Australian ones, according to FIS Global. In Sweden, home to BNPL provider Klarna, installments accounted for 23% of e-commerce transactions last year.</p>\n<p>The installment wave has drawn the interest of established giants like <a href=\"https://laohu8.com/S/V\">Visa</a> Inc. (V) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc. (PYPL), as well as a host of newer fintech players that have carved out different paths as they seek to stake their claims in the nascent U.S. market.</p>\n<p>The trend is of growing relevance to investors. U.S. startup Affirm recently went public, while Australia's Afterpay Ltd. , which trades in its home country, is contemplating a U.S. listing given the growing importance of the U.S. market to its business. Sweden's Klarna is considering an IPO in the U.K ., according to Bloomberg, though its chief executive has expressed some concerns about potential regulations.</p>\n<p>In the credit-card model, merchants pay transaction fees when they accept card payments and consumers pay accrued interest if they carry a balance. BNPL services, which can sometimes be interest-free to the consumer, charge a steeper fee to merchants, who've been increasingly willing to pay up for the services so that consumers will be more inclined to go through with an online purchase.</p>\n<p>BNPL sits amid a number of attractive industry trends, according to Jefferies analyst John Hecht, who sees a $600 billion total transaction opportunity for the industry in the U.S., based on the value of e-commerce purchases made outside of Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> He expects that the services could take a bite out of what he views as an $840 billion dollar total addressable market for fintech-enabled credit products.</p>\n<p>While BNPL offerings are structured differently than traditional credit, they aren't without risk. The various BNPL companies have different policies about missed payments, but some will charge late fees or report to the credit bureaus about failures to make good on payment commitments. The industry is largely unregulated and there are concerns that consumers could end up taking on more installment commitments than they can afford to pay back in the allotted timeframes, especially in a credit crunch.</p>\n<p>The companies have different approaches to the U.S. as they try to build or expand their BNPL businesses. MarketWatch spoke to executives at some of the leading offerings to find out their strategies for the market.</p>\n<p><b>Affirm</b></p>\n<p>While Peloton is Affirm's largest customer, the BNPL company has been expanding its merchant mix, which doubled from a year earlier in the latest quarter to reach almost 12,000 retailers.</p>\n<p>One move to diversify the company's merchant base is a recent arrangement with <a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>. (SHOP.T) that makes it easy for the e-commerce company's merchants to enable Affirm's installment offerings. In exchange, Shopify got equity interest in Affirm.</p>\n<p>\"Because of the nature of the relationship, they have every incentive in the world to make sure it's successful,\" Chief Financial Officer Michael Linford said. He expects that the deal \"will add substantially more value to us than we had to give up\" since Shopify's vast merchant base is \"really difficult if not impossible to build.\"</p>\n<p>Affirm offers a mix of simple-interest and interest-free installment options, and Linford said that the company is particularly differentiated in its work with high-value purchases as its tech and risk-management capabilities enable it to \"create a lot of value for merchants.\" Affirm's underwriting determines which customers would be capable of making their installment payments on big-ticket items.</p>\n<p>At the same time, Affirm sees value in helping to facilitate ordinary spending as well, and it recently announced a debit card that will let people buy things and split them after the fact using their cards.</p>\n<p>The company doesn't charge late fees for customers who miss payments, according to Linford. For customers who ultimately fail to make good on smaller-value payments, the company may lock down access to the Affirm network going forward. Those who don't pay up for bigger-ticket items could be reported to a credit bureau.</p>\n<p>About 30% of Affirm transactions originate from within the company's \"properties\"--mainly its mobile app--rather than from merchants' own sites. The app is \"really, really powerful for re-engagement\" of users, Linford said, and merchants can pay to show new products or offers on the platform.</p>\n<p>As e-commerce booms, there's a \"quite aggressive fight to get any sort of mindshare,\" Linford said, and he argued that the platform holds appeal with brands looking to reach younger-generation consumers who have \"high intent and capacity to purchase.\"</p>\n<p>Because the company enables shopping from within its app, its customers can split purchases even from merchants that don't list Affirm as payment options on their own websites. There's no Affirm button on Amazon's traditional website, for instance, but the e-commerce giant is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest merchants within the Affirm app, Linford said. Affirm uses virtual cards to split customers' Amazon purchases on the back end.</p>\n<p><b>Afterpay</b></p>\n<p>After helping to kick off the BNPL trend in Australia, Afterpay came to the U.S. market less than three years ago with a focus on interest-free offerings.</p>\n<p>Afterpay is \"not trying to upsell someone credit,\" Co-Chief Executive Nick Molnar told MarketWatch, and the company has been \"purposefully focused on the couple-hundred-dollar purchase\" thus far.</p>\n<p>The company charges a late fee after an initial grace period for consumers who fall behind on payments, and it cuts customers off from making future purchases until they pay back what they owe.</p>\n<p>\"Unlike a finance company that wants you to be late...with Afterpay you can't keep shopping\" after missing a payment, Molnar said. That dynamic fosters a better relationship with customers, in his view.</p>\n<p>Afterpay's North America merchant base grew more than 150% in the latest quarter relative to a year earlier. In the U.S., underlying sales, or the value of items purchased through its service, increased 211%.</p>\n<p>The company now works with 23,000 retail brands in the U.S. including Bed Bath &amp; Beyond Inc. <a href=\"https://laohu8.com/S/BBBY\">$(BBBY)$</a> and Lululemon Athletica Inc. <a href=\"https://laohu8.com/S/LULU\">$(LULU)$</a>. A recent partnership with Stripe made it easy for that company's merchants to easily activate Afterpay as a checkout option.</p>\n<p>The company may process 10% to 30% of transactions for its retail partners once enabled as a payment option, Molnar said.</p>\n<p>Afterpay is building a presence beyond the checkout button, with 17% of purchases globally during the month of February originating from Shop Directory, meaning that these customers are locating merchants through Afterpay's app or site.</p>\n<p>While Afterpay is relatively new in the U.S., its success in Australia \"puts into perspective where Afterpay can expand as a business,\" Molnar said. In Australia, 25% of volume comes from in-store purchases, and consumers can pay for things like dentist visits using the service.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe buy now, pay later wave: Afterpay, Klarna, Affirm and rivals hope to take U.S. by storm\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 13:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TERN":"Terns Pharmaceuticals, Inc.","LULU":"lululemon athletica","CRCT":"Cricut, Inc.","AFRM":"Affirm Holdings, Inc.","V":"Visa","PYPL":"PayPal","APT.AU":"Afterpay Touch"},"source_url":"https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156816448","content_text":"A new form of online layway purchases has proved popular in Europe and found acceptance in the U.S. for products like Peloton equipment, and companies are going public with their eyes on spurring the payment option to faster domestic growth\nMARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO\nA new form of digital layaway has taken Europe by storm and found some acceptance in the U.S., and the growing handful of rivals in the space are looking to spur more online purchases that Americans pay for over time.\n\"Buy now, pay later\" options -- referred to in the payments industry as BNPL -- offer a twist on the concept of layaway, allowing consumers to split purchases into installments and charging them either simple interest or no interest at all, in a break from the traditional credit model that lets interest compound. Unlike with traditional layaway, consumers receive instant access to their purchase as they pay it off.\nFurniture companies have long let people pay for big-ticket items in installments while taking the product home right away, but now the concept has made its way online, spreading across industries and into smaller purchase amounts, JMP Securities analyst David Scharf noted. Those looking to build fancy home gyms during the pandemic could split the cost of an $1,800-plus Peloton Interactive Inc. $(PTON)$ bike into 39 interest-free monthly payments of $49 using financing from Affirm Holdings Inc. $(AFRM)$ A host of other players have been rushing to stake their claims elsewhere in the U.S. retail market.\nThe services are seeing surging adoption, driven by growing merchant acceptance, booming e-commerce sales, and what many providers say is a skepticism among younger shoppers about traditional credit offerings. Though BNPL services accounted for just 2% of U.S. e-commerce payments last year according to FIS Global, they're rapidly gaining in popularity. The value of purchases made using BNPL offerings rose 132% in the first quarter, per data from Cardify.ai.\nBNPL services are more prevalent overseas, accounting for more than 7% of European e-commerce transactions in 2020 and 10% of Australian ones, according to FIS Global. In Sweden, home to BNPL provider Klarna, installments accounted for 23% of e-commerce transactions last year.\nThe installment wave has drawn the interest of established giants like Visa Inc. (V) and PayPal Holdings Inc. (PYPL), as well as a host of newer fintech players that have carved out different paths as they seek to stake their claims in the nascent U.S. market.\nThe trend is of growing relevance to investors. U.S. startup Affirm recently went public, while Australia's Afterpay Ltd. , which trades in its home country, is contemplating a U.S. listing given the growing importance of the U.S. market to its business. Sweden's Klarna is considering an IPO in the U.K ., according to Bloomberg, though its chief executive has expressed some concerns about potential regulations.\nIn the credit-card model, merchants pay transaction fees when they accept card payments and consumers pay accrued interest if they carry a balance. BNPL services, which can sometimes be interest-free to the consumer, charge a steeper fee to merchants, who've been increasingly willing to pay up for the services so that consumers will be more inclined to go through with an online purchase.\nBNPL sits amid a number of attractive industry trends, according to Jefferies analyst John Hecht, who sees a $600 billion total transaction opportunity for the industry in the U.S., based on the value of e-commerce purchases made outside of Amazon.com Inc. $(AMZN)$ He expects that the services could take a bite out of what he views as an $840 billion dollar total addressable market for fintech-enabled credit products.\nWhile BNPL offerings are structured differently than traditional credit, they aren't without risk. The various BNPL companies have different policies about missed payments, but some will charge late fees or report to the credit bureaus about failures to make good on payment commitments. The industry is largely unregulated and there are concerns that consumers could end up taking on more installment commitments than they can afford to pay back in the allotted timeframes, especially in a credit crunch.\nThe companies have different approaches to the U.S. as they try to build or expand their BNPL businesses. MarketWatch spoke to executives at some of the leading offerings to find out their strategies for the market.\nAffirm\nWhile Peloton is Affirm's largest customer, the BNPL company has been expanding its merchant mix, which doubled from a year earlier in the latest quarter to reach almost 12,000 retailers.\nOne move to diversify the company's merchant base is a recent arrangement with Shopify Inc. (SHOP.T) that makes it easy for the e-commerce company's merchants to enable Affirm's installment offerings. In exchange, Shopify got equity interest in Affirm.\n\"Because of the nature of the relationship, they have every incentive in the world to make sure it's successful,\" Chief Financial Officer Michael Linford said. He expects that the deal \"will add substantially more value to us than we had to give up\" since Shopify's vast merchant base is \"really difficult if not impossible to build.\"\nAffirm offers a mix of simple-interest and interest-free installment options, and Linford said that the company is particularly differentiated in its work with high-value purchases as its tech and risk-management capabilities enable it to \"create a lot of value for merchants.\" Affirm's underwriting determines which customers would be capable of making their installment payments on big-ticket items.\nAt the same time, Affirm sees value in helping to facilitate ordinary spending as well, and it recently announced a debit card that will let people buy things and split them after the fact using their cards.\nThe company doesn't charge late fees for customers who miss payments, according to Linford. For customers who ultimately fail to make good on smaller-value payments, the company may lock down access to the Affirm network going forward. Those who don't pay up for bigger-ticket items could be reported to a credit bureau.\nAbout 30% of Affirm transactions originate from within the company's \"properties\"--mainly its mobile app--rather than from merchants' own sites. The app is \"really, really powerful for re-engagement\" of users, Linford said, and merchants can pay to show new products or offers on the platform.\nAs e-commerce booms, there's a \"quite aggressive fight to get any sort of mindshare,\" Linford said, and he argued that the platform holds appeal with brands looking to reach younger-generation consumers who have \"high intent and capacity to purchase.\"\nBecause the company enables shopping from within its app, its customers can split purchases even from merchants that don't list Affirm as payment options on their own websites. There's no Affirm button on Amazon's traditional website, for instance, but the e-commerce giant is one of the largest merchants within the Affirm app, Linford said. Affirm uses virtual cards to split customers' Amazon purchases on the back end.\nAfterpay\nAfter helping to kick off the BNPL trend in Australia, Afterpay came to the U.S. market less than three years ago with a focus on interest-free offerings.\nAfterpay is \"not trying to upsell someone credit,\" Co-Chief Executive Nick Molnar told MarketWatch, and the company has been \"purposefully focused on the couple-hundred-dollar purchase\" thus far.\nThe company charges a late fee after an initial grace period for consumers who fall behind on payments, and it cuts customers off from making future purchases until they pay back what they owe.\n\"Unlike a finance company that wants you to be late...with Afterpay you can't keep shopping\" after missing a payment, Molnar said. That dynamic fosters a better relationship with customers, in his view.\nAfterpay's North America merchant base grew more than 150% in the latest quarter relative to a year earlier. In the U.S., underlying sales, or the value of items purchased through its service, increased 211%.\nThe company now works with 23,000 retail brands in the U.S. including Bed Bath & Beyond Inc. $(BBBY)$ and Lululemon Athletica Inc. $(LULU)$. A recent partnership with Stripe made it easy for that company's merchants to easily activate Afterpay as a checkout option.\nThe company may process 10% to 30% of transactions for its retail partners once enabled as a payment option, Molnar said.\nAfterpay is building a presence beyond the checkout button, with 17% of purchases globally during the month of February originating from Shop Directory, meaning that these customers are locating merchants through Afterpay's app or site.\nWhile Afterpay is relatively new in the U.S., its success in Australia \"puts into perspective where Afterpay can expand as a business,\" Molnar said. In Australia, 25% of volume comes from in-store purchases, and consumers can pay for things like dentist visits using the service.","news_type":1},"isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}