Money
Affirm shareholders see double following Amazon announcement
Amazon’s partnership with Affirm had healthy repercussions on the stock market, with the BNPL platform’s shares skyrocketing.
Affirm Holdings shares soared more than 45 percent on Monday following their big Amazon announcement.
The buy-now-pay-later (BNPL) platform’s new partnership will give Amazon users the option to pay for purchases valued over $50 in smaller instalments.
While Amazon does have a minor installment offer on some items, it marks its first major partnership with a BNPL platform.
The deal, announced on Friday, saw Affirm’s share price climb to almost double its opening value, reaching an after-trading share price of almost $100 US.
Unambiguously positive
Bank of America analysts called the news an “unambiguous positive”, according to CNBC.
Additionally the move highlights the fintech company’s “technological leadership and strong reputation in the BNPL market”.
Amazon’s adoption of the BNPL scheme is widely welcomed and supported by its millennial audience.
Trends show that younger generations are resorting to platforms like Affirm and Afterpay as a way of achieving instant gratification.
Interest rates are also lower – if not there at all – on such money-lending platforms compared to traditional credit cards, which may be seen as a big win in the eyes of millennials.
The partnership with Amazon comes at a time where competition is heating up between Affirm and its competitors, Afterpay and Klarna.
Written by Rebecca Borg
Money
U.S. markets mixed as tech slumps and Fed moves spark uncertainty
Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.
Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.
US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.
Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.
We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.
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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights
Money
Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns
Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.
Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.
Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.
Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.
The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.
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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker
Money
S&P 500 dips as tech stocks struggle with AMD leading losses
S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.
S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.
The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.
Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.
Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.
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