GoKawiil
Tech News
Apple and Goldman Sachs raised the annual percentage yield on the Apple Card Savings Account from 3.4% to 3.5%. The new rate matches Goldman Sachs' own Marcus savings account rate, though Marcus is separately offering a promotional 4.50% rate for a limited time. The account remains exclusive to Apple Card holders, who can fund it via Daily Cash rewards, linked bank accounts, or Apple Cash.
A financial advisor breaks down how trillions of dollars sitting in low-interest checking and savings accounts are quietly losing value. With savings accounts averaging just 0.38% APY against 3.4% inflation, that cash loses more than 2% of real purchasing power annually, even as the balance stays unchanged.
A financial presentation seen by the Financial Times shows OpenAI expects to spend $278 billion more than it earns between 2026 and 2030, driven mainly by $856 billion in compute and infrastructure costs. Even as revenue is projected to jump from $36 billion in 2026 to $350 billion in 2030, spending will still outstrip income by a wide margin. The figures were reportedly shared with investors ahead of OpenAI's anticipated IPO.
A fintech founder recounts how, in 2022, her savings and investment app showed strong growth metrics even as investor interest cooled and fundraising slowed. She argues that traditional growth dashboards can mask underlying fragility, and outlines five key indicators—including payback period and customer retention—that better reveal whether a business can withstand financial pressure.
iOS 27 introduces a bill-splitting feature in Apple Wallet that uses the iPhone camera and Apple Intelligence to scan receipts and calculate what each person owes, including tax and tip. The tool works across Messages, Wallet, and Visual Intelligence, with a new Siri camera mode able to identify receipt items and trigger a split-payment option automatically.
An Entrepreneur contributor explains that many startups fail not from lack of profit but from running out of cash, a pattern dubbed the growth paradox. Rapid expansion forces companies to pay upfront for hiring, inventory and fulfillment while customer payments lag 30 to 90 days behind, draining bank accounts even as income statements look strong.
Apple's upcoming iOS 27 update adds a feature that uses Visual Intelligence and the iPhone camera to scan a restaurant receipt, divide the cost among a group, and send Apple Cash requests to each person. The update also lets Visual Intelligence scan physical passes like boarding tickets or loyalty cards and digitize them directly into Apple Wallet.
A troubleshooting guide outlines fixes for frequent Apple Wallet and Apple Pay issues, such as cards being declined due to expiration or reissue, outdated iOS software, and regional restrictions. The recommended fixes include removing and re-adding cards, updating iOS through Settings, and verifying that the device's region matches supported Apple Pay markets.
Entrepreneur contributors argue that in today's tighter, more expensive financing environment, buyers and lenders are shifting focus away from EBITDA and toward how much actual cash a business generates. While EBITDA remains useful for gauging operating performance, it excludes real costs like working capital needs and capital expenditures that determine whether cash truly reaches the bank account.