Santander bets big on BNPL with new service Zinia


Santander bets big on BNPL with new service Zinia

Santander today announces the launch of Zinia, its new buy now, pay later (BNPL) service in Germany.

DOW RISES ��300 points thanks to TARGET & LOWE’S Earnings ��

DOW RISES ��300 points thanks to TARGET & LOWE’S Earnings ��- RICH TV LIVE – AUGUST 21, 2019 – The good news for the market this morning comes from big-box retail —specifically Target (TGT – Free Report) and Lowe’s (LOW – Free Report) , which both outperformed expectations on top and bottom lines for their fiscal Q2 quarters. Zacks Rank #2 (Buy)-rated Target posted $1.86 per share versus $1.61 expected (+$1.47 from the year-ago quarter), on $18.42 billion in sales, which eked out a half-point beat. Lowe’s posted $2.15 per share versus $2.00 expected, on $20.99 billion in revenues, +0.07%.

Both companies have now topped expectations in 2 of the past 4 quarters, illustrating the challenges big-box retail has been facing over the past several quarters. But with trade war pressures with China continue — and may become exacerbated, depending on decision-making by the heads of both states — these earnings reports can be considered resounding successes. At this hour, Target is up 17% in the pre-market, while Lowe’s is +12.5%.

Target has also raised its forecast for fiscal 2020 by 15 cents a share following the quarterly release, though the company did indicate further tariffs might continue volatile trading conditions. Comps were up 3.4% year over year, with nearly half of those coming from in-store pickups from on-line orders. Lowe’s also improved comps, to 3.2%.

Should trading conditions persist for these companies from current trading rates, they may both expect to see their best day in the markets in more than a decade. As much as any recently reported company, with the exception of Walmart (WMT – Free Report) , Target and Lowe’s have proven the strength of the consumer in the face of retail headwinds many analysts expected to be more problematic.

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97% Owned: How is Money Created | Documentary Film

When money drives almost all activity on the planet, it’s essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down?

A film by Michael Oswald, Produced by Mike Horwath, featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the “HBOS Whistleblower” Paul Moore, Simon Dixon of Bank to the Future and Nick Dearden from the Jubliee Debt Campaign.

Watch our new documentary about an intelligence officer who blew the whistle on fake news and was framed for a murder here:

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