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Affirm's shares surged by 19.5% following a strong holiday shopping season that resulted in a surprising quarterly profit and optimistic annual revenue forecast. Increased use of BNPL services contributed to a $10.1 billion rise in gross merchandise volume, exceeding analysts' expectations. The company's revenue also grew significantly, and it projected higher-than-expected fiscal 2025 revenue.
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News and Media
Wall Street ended sharply lower on Friday due to mixed U.S. payrolls data, weak consumer sentiment, and revived trade war concerns. Major U.S. indexes fell steeply after President Trump's announcement of new tariffs, while Treasury yields and the dollar rose amid the market turmoil and disappointing tech sector earnings.
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News and Media
U.S. stock indexes closed lower as President Trump announced upcoming reciprocal tariffs on multiple countries, following weak jobs data and consumer sentiment. The Dow fell 444.23 points, and all S&P 500 sectors traded lower. Strong earnings reports had offset a weak start earlier in the week. The Fed may delay interest rate cuts amid slowing job growth.
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News and Media
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