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BIZARRE: 6 - What They Never Told You

Hundreds more tech, life science layoffs jolt East Bay, San Francisco

BERKELEY, Calif. — Hundreds more layoffs affecting tech and life science jobs in the Bay Area have been disclosed by companies in what has morphed into a steady drumbeat of local staffing reductions in the wobbly sectors.

Tribune News Service

These are the stocks that kept investors up at night in 2022

It’s been a year of historic selloffs for U.S. equities.

Tribune News Service

The problems with using buy now, pay later to fund travel

“Buy now, pay later” services like Affirm, Afterpay and Klarna can sometimes provide a cheaper, more accessible version of credit

The Independent UK

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read the most diverse news in one place.

Can Affirm take down the credit card industry? It’s CEO Max Levchin’s 30-year plan

Between a huge IPO pop and eventual stock drop, Affirm's CEO says the mission to help consumers hasn't wavered.

Fortune

High Interest Rates Bad News For Upstart And Affirm — What Investors Need To Know Ahead Of Earnings

With consumers becoming more aware of their spending habits in times of economic contraction and rising prices, companies built around personal lending can expect to experience hard times.

Benzinga

Nation's consumer watchdog taking aim at 'buy now, pay later' lenders

The nation's consumer watchdog plans to start regulating the booming "buy now, pay later" industry, voicing concerns about potential abuses, data mining and consumers being enticed to overextend themselves.

Tribune News Service

1 Stock That Is a Hard Pass for the Smart Investor

Shares of fintech company Affirm Holdings (AFRM) have plummeted more than 75% in price year-to-date. The company has been dealing with economic and credit cycle headwinds, which impacted its financials. Its profitability is expected to be significantly affected by shrinking consumer spending. Hence, we think investors should stay away from…

StockNews.com

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EXPLAINER: What to know about 'buy now, pay later'

If you shop online for clothes or furniture, sneakers or concert tickets, you’ve seen the option at checkout to “buy now, pay later” by breaking the cost into smaller installments over time

The Independent UK

As 'buy now, pay later' plans grow, so do delinquencies

A growing number of American shoppers have jumped at the chance to use “buy now, pay later” loans to pay for new sneakers, electronics, or luxury goods in installments

The Independent UK

Why Affirm Stock Is Surging And What To Watch For Next

Affirm Holdings, Inc (NASDAQ: AFRM) surged over 10% on Friday after printing a bullish Marubozu candlestick on Thursday, which suggested the stock was likely to trade higher.

Benzinga

4 Affirm Holdings Analysts Offer Takes On Quarter: Company Having 'Economic And Credit Cycle Turbulence'

Affirm Holdings Inc (NASDAQ: AFRM) reported $364.1 million in sales for its fiscal fourth quarter, beating the consensus estimate of $355 million in sales. The company, meanwhile, reported a loss of 65 cents per share, significantly worse than Street expectations of a loss of 58 cents per share.

Benzinga

Affirm Q4 Earnings Highlights: Revenue Beat, EPS Miss, Updated Guidance, Shopify Partnership Bringing Consumers In

Buy now, pay later company Affirm Holdings (NASDAQ: AFRM) reported fourth quarter and full fiscal year results after market close Thursday. Here are the key highlights.

Benzinga

Trading Ideas For Affirm Stock Before, After Q4 Earnings

Affirm Holdings, Inc (NASDAQ: AFRM) is set to report fourth-quarter earnings after the market close on Thursday. The stock was trading mostly flat heading into the event.

Benzinga

Bears May Be Feeling Comfortable, But Here's Why Affirm Will Bounce

Affirm Holdings, Inc (NASDAQ: AFRM) was sliding over 6% lower on Monday after a sharp decline on Friday caused the stock to plunge almost 10% and print a bearish kicker candlestick.

Benzinga

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Benzinga

Risk On? What Investors Buying These 4 Stocks May Reveal About The Market, Economy

The S&P 500 started 2022 with a bang, reaching a new all-time high of 4,818.62 on Jan. 4. That date would mark the top for the index, as the Santa Claus rally that had shifted into gear during late December 2021 came to an abrupt end.

Businessweek

The Buy Now, Pay Later Juggernaut Is About to Be Tested

Economic uncertainty, competition, regulators, and the usual consumer debt problems are spoiling the fun.

Fortune

Inside Lightspeed’s three-year strategy to get ahead of the downturn—and what's next for the firm after its star investor steps back

The VC firm has made an unorthodox bet to challenge its own ideas, and set up a new generation of talent

Input

Klarna’s valuation plummets amid criticism of 'Buy Now Pay Later' schemes

The company's dealing with competition, public scrutiny, and stingier shoppers.

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news in one place.

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Benzinga

Affirm Holdings Stock Was Up 15% Today: What Happened?

Affirm Holdings Inc (NASDAQ: AFRM) shares traded higher Tuesday as growth stocks rallied amid a drop in yields.

Benzinga

Stephens Lists How Affirm Is Set To Gain From Amazon's Shopping Extravaganza

Stephens analyst Vincent Caintic expects Affirm Holdings, Inc (NASDAQ:AFRM) to receive a vast GMV tailwind from incentives provided for using Affirm during Amazon.com Inc's (NASDAQ:AMZN) Prime Day (July 12-13). It includes $2 for scrolling through Affirm's hub and $25 credit for orders >$100. He thought Affirm would have a large share of Amazon Prime Day…

The Independent UK

Is 'learn now, pay later' just another student debt trap

Buy now, pay later financing options are increasingly being offered by for-profit credentialing schools and boot camps

Benzinga

Mizuho Remains Bullish On Affirm - Read Why

Mizuho analyst Dan Dolev revisited its Affirm Holdings, Inc (NASDAQ: AFRM) securitization trust and delinquency tracker. With the updated data points for Calendar 2Q, trends look slightly less optimistic versus April, noted Dolev.

Benzinga

Apple Enters BNPL Sector, Unveils Apple Pay Later

Apple Inc. (NASDAQ: AAPL) is planning to offer buy now, pay later (BNPL) services in the US despite concerns of a potential market squeeze as more providers have a crack at the sector amid growing consumer borrowing and spending.

Benzinga

Why Affirm Holdings Shares Are Falling

Affirm Holdings, Inc. (NASDAQ: AFRM) shares are trading lower Wednesday following bearish analyst coverage from Wedbush. Wedbush analyst David Chiaverini initiated coverage on Affirm with an Underperform rating and announced a $15 price target. David Chiaverini noted four concerns:

Benzinga

As Affirm Pulls Back Following Apple 'Pay Later' Announcement, Here's Why The Stock Remains Healthy

Affirm Holdings Inc (NASDAQ: AFRM) gapped down almost 4% to start the trading day on Tuesday after falling more than 7% on Monday but by press time, bulls had come in to buy the morning dip.

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