{ }
001122334455554433221100
001122334455554433221100
Symbol AFRM
Name Affirm Holdings, Inc.
Currency USD
Sector Information Technology
IndustryGroup Software & Services
Industry IT Services
Market NASDAQ Global Select
Country United States
State CA
City San Francisco
Zipcode 94108-2716
Website http://www.affirm.com

Klarna partners with OnePay to offer Walmart installment loans

Klarna has teamed up with OnePay to provide installment loans for Walmart purchases in the U.S., replacing Affirm as the retailer's financing partner. This new collaboration enables customers to access flexible payment plans at checkout, both online and in-store, with repayment terms ranging from three to 36 months through the OnePay app.

Gemini appoints new CFO as it plans for potential IPO

Gemini has appointed Dan Chen, a former executive at Morgan Stanley, as its new chief financial officer to bolster its financial strategy amid plans for a potential IPO later this year. This announcement follows the SEC's conclusion of its investigation into Gemini without enforcement actions and a $5 million settlement with the CFTC over misleading statements. Co-founders Cameron and Tyler Winklevoss recently attended a crypto summit at the White House, where Cameron expressed optimism about upcoming regulatory changes.

market insights microns outlook falters as fed rate cuts impact stocks

Micron's stock plummeted over 11% after it reported strong earnings but lowered its outlook, particularly citing weak demand for NAND memory chips. The Federal Reserve's interest rate cuts are impacting homebuilders like Lennar, which reported earnings below expectations due to affordability issues. Meanwhile, the S&P 500 Short Range Oscillator indicates the market is oversold, and speculative sectors are under scrutiny as the Dow faces its worst losing streak since 1974.

stock market update chip stocks retail sales and corporate earnings insights

Broadcom's stock continued to rally, while Nvidia faced further declines, entering correction territory. Advanced Micro Devices is projected to miss revenue targets, raising concerns, as the Dow is set for a down open after eight consecutive sessions of losses. Retail sales exceeded expectations, and the Federal Reserve is anticipated to cut interest rates again, with key inflation data due later this week.

David O Sacks Appointed White House AI and Crypto Czar by Trump

Donald Trump has announced the appointment of David O. Sacks as the White House A.I. and Crypto Czar, emphasizing his focus on innovation and thoughtful regulation in these critical tech sectors. Sacks, a venture capitalist and former PayPal executive, is expected to advocate for startups while steering clear of broad regulations, aiming to enhance American competitiveness and safeguard free speech online. His close ties to far-right Republicans and support for Trump signal a strategic alignment with the administration's goals in technology policy.

affirm holdings offers flexible payment solutions and consumer savings options

Affirm Holdings, Inc. provides consumers with flexible payment alternatives through its payment network, which includes point-of-sale solutions, commerce tools for merchants, and a consumer app. Users can apply for a one-time-use virtual card for online or in-store purchases and have the option to convert eligible debit transactions into installment loans. Additionally, the Affirm app offers a high-interest savings account in partnership with Cross River Bank, featuring no minimum deposit or fees.
17:06 11.11.2024

affirm ceo expresses confidence in credit quality ahead of holiday season

Affirm Holdings Inc. CEO Max Levchin expressed optimism about the company's credit quality as the holiday season approaches, despite a slight increase in customer delinquency rates compared to last year. He emphasized confidence in their credit performance and control over credit outcomes.

marqeta shares plunge over 40 percent on disappointing fourth quarter outlook

Shares of Marqeta Inc. plummeted over 40% following a disappointing fourth-quarter outlook, with the company forecasting gross-profit growth of only 13%-to-15%, significantly below the 23% consensus. Increased regulatory scrutiny in the banking sector has been cited as a contributing factor to this outlook. For more details, visit [Bloomberg](https://www.bloomberg.com).

marqeta shares drop over 30 percent on disappointing fourth quarter forecast

Marqeta's shares plummeted over 30% after the company issued disappointing fourth-quarter guidance, projecting revenue growth of only 10% to 12%, below analysts' expectations of over 17%. Despite a 30% increase in total processing volume to $74 billion, the firm continues to struggle, with its stock down more than 80% since its 2021 IPO. CEO Simon Khalaf highlighted the company's efforts to enter the buy now, pay later market with the launch of Marqeta Flex, aiming to enhance payment processing and fraud detection.

affirm launches buy now pay later service in the uk market

Affirm has launched its buy now, pay later service in the U.K., marking its first international expansion. The company offers flexible payment options, including interest-free plans, and aims to compete with established players like Klarna and PayPal. CEO Max Levchin highlighted strong demand from U.K. merchants and welcomed potential regulatory measures that promote consumer protection.
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