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In a Monday interview with CNB’s Jim Cramer, Affirm CEO Max Levchin reviewed his company’s strategy, suggesting the buy now, pay later outfit benefits from not charging its customers late fees.”We have total alignment with our consumers. If they don’t pay us back, we just lose money,” Levchin said. “There’s no magic in the business model, and that transparency aligns us fully with that person.”According to Levchin, late fees aren’t necessary “if you get really good at underwriting.” He advocated for more clarity and transparency across the lending space. He said he wishes the industry would gravitate towards simple interest,…

CNBC’s Jim Cramer reviewed recent market action and made the case for Procter & Gamble. He drew a distinction between companies like the consumer giant, which makes use of new technology, and tech hyperscalers that spend billions on artificial intelligence to compete with each other.”My favorite tech stocks right now are the business-to-business users of technology,” he said. “I think these companies will increasingly be given a chance to buy amazing tech that will help them cut costs and bring new products to market much faster than ever, and that we never even knew we needed.”Procter & Gamble owns many…

Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea.Mongkol Chuewong | Moment | Getty ImagesAsia-Pacific market fell across the board Tuesday, tracking Wall Street declines as investors continued to rotate out of the artificial intelligence trade in the U.S.Shares of AI plays, like Oracle and Broadcom, slipped more than 5% and 2% respectively, while Microsoft also saw some losses.Over in Asia, South Korea’s Kospi lost 2.24%, leading losses in Asia and closing at 3,999.13, while the small-cap Kosdaq fell 2.42% to 916.11. This is the first time…

President Donald Trump’s contentious relationship with news organizations has led to a host of disputes and legal battles, the latest a lawsuit accusing the BBC of defamation and deceptive and unfair trade practices. The president is seeking $10 billion in damages from the British broadcaster.The lawsuit filed Monday accuses the BBC of “splicing together two entirely separate parts of President Trump’s speech on January 6, 2021” in order to ”intentionally misrepresent the meaning of what President Trump said.” It calls the BBC’s “false” depiction of Trump “a brazen attempt to interfere in and influence” the 2024 U.S. presidential election.The BBC…

Traders work on the floor of the New York Stock Exchange during morning trading on December 10, 2025 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesThe S&P 500 fell on Tuesday as traders digested the delayed release of the November’s jobs report.The broad market index dropped 0.4%, while the Nasdaq Composite traded up 0.1%. The Dow Jones Industrial Average declined 350 points, or 0.7%.U.S. crude oil also came under significant pressure on Tuesday, falling below $55 per barrel to reach its lowest level since early 2021. Energy stocks suffered losses along with it. Shares…

The logos of Google Gemini, ChatGPT, Microsoft Copilot, Claude by Anthropic, Perplexity, and Bing apps are displayed on the screen of a smartphone in Reno, United States, on November 21, 2024.Jaque Silva | Nurphoto | Getty ImagesMerriam-Webster declared “slop” its 2025 word of the year on Monday, a sign of growing wariness around artificial intelligence.Slop is now defined as “digital content of low quality that is produced usually in quantity by means of artificial intelligence,” according to Merriam-Webster’s dictionary. The word has previously been used primarily to connote a “product of little value” or “food waste fed to animals” Mainstream…

Dec 15, 2025, 05:13 PM ETPatrick Agyemang scored twice as Derby County returned to winning ways with a comfortable 3-0 victory at Sky Bet Championship strugglers Sheffield Wednesday.United States striker Agyemang struck in each half, either side of Liam Thompson’s effort early in the second period, as Derby halted a three-game winless run to climb up to 12th in the table, four points adrift of the playoffs.Derby manager John Eustace said Agyemang, who took his goals tally for Derby to five since signing from MLS side Charlotte FC for £7.3 million ($9.75 million) in July, was disappointed not to have…

PayPal CEO Alex Chriss speaks at the Global Fintech Fest in Mumbai, India, on Oct. 7, 2025.Indranil Aditya | Nurphoto | Getty ImagesPayPal said Monday that it has applied for approval to form PayPal Bank, which would be able to offer loans to small businesses.”Establishing PayPal Bank will strengthen our business and improve our efficiency, enabling us to better support small business growth and economic opportunities across the U.S.,” PayPal CEO Alex Chriss said in a statement.The U.S. Federal Deposit Insurance Corporation will review an application proposing the establishment of PayPal Bank, along with Utah’s Department of Financial Institutions, PayPal said. The…

MELBOURNE, Australia (AP) — A mass shooting in which 15 people were killed during a Hanukkah celebration at Sydney’s Bondi Beach was “a terrorist attack inspired by Islamic State,” Australia’s federal police commissioner Krissy Barrett said Tuesday.The suspects were a father and son, aged 50 and 24, authorities have said. The older man was shot dead while his son was being treated at a hospital on Tuesday.A news conference by political and law enforcement leaders on Tuesday was the first time officials confirmed their beliefs about the suspects’ ideologies. Prime Minister Anthony Albanese said the remarks were based on evidence…

WASHINGTON (AP) — The U.S. military said Monday that it attacked three boats accused of smuggling drugs in the eastern Pacific Ocean, killing a total of eight people as scrutiny over the boat strikes is intensifying in Congress.The military said in a statement on social media that the strikes targeted “designated terrorist organizations,” killing three people in the first vessel, two in the second boat and three in the third boat. It didn’t provide evidence of their alleged drug trafficking but posted a video of a boat moving through water before exploding. President Donald Trump has justified the attacks as…