It’s difficult to describe the U.S. economy in black and white terms like “good” or “bad.” On several fronts, the data says the economy is healthy. But surveys show American consumers don’t feel that way. “There’s no doubt right now that different data can show slightly different narratives,” says Heather Long, chief economist at Navy…
Jack Dorsey, co-founder and CEO of Block, listens during the Bitcoin 2021 conference in Miami, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images The tech industry has spent the last couple years debating whether artificial intelligence will actually eliminate jobs at scale or simply be used as an excuse for companies to…
In a Monday interview with CNB’s Jim Cramer, Affirm CEO Max Levchin reviewed his company’s strategy, suggesting the buy now, pay later outfit benefits from not charging its customers late fees. “We have total alignment with our consumers. If they don’t pay us back, we just lose money,” Levchin said. “There’s no magic in the…
Affirm CEO Max Levchin said Friday that while the buy now, pay later firm isn’t seeing credit stress among federally employed borrowers due to the government shutdown, there are signs of a change in shopping habits. “We are seeing a very subtle loss of interest in shopping just for that group, and a couple of…
CNBC’s Jim Cramer on Friday told investors what to pay attention to next week on Wall Street, highlighting earnings from Palantir, McDonald’s, Robinhood and Warner Bros Discovery. Cramer offered an optimistic outlook for November, even as Wall Street worries about weakrning consumer-oriented companies as the government shutdown persists. He said November and December usually tend…
Buy now, pay later plans offer an attractive alternative to credit cards for consumers: They allow purchases to be split into short-term, typically interest-free installments. “Credit isn’t new. Credit’s been around for thousands of years and credit cards aren’t new. But they’ve had a hard time adapting to consumer needs,” said Michael Linford, chief operating…
CNBC’s Jim Cramer explained why he thinks newly-minted IPO Klarna is a buy even after shares climbed during its first trading session. “While Klarna roared right out of the gate, the stock hasn’t gone to an insane valuation yet. I think the numbers look good, so I think it can be bought at these levels,”…
Affirm stock popped 20% Friday after the buy now, pay later firm beat Wall Street’s expectations across the board in its fiscal fourth-quarter results. The stock was already up 31% this year heading into the report, outpacing the Nasdaq’s 12% gain. Earnings came in at 20 cents a share and nearly doubled analyst expectations, with…
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares rose 15% in extended trading on Thursday after the provider of buy now, pay later…
Robinhood stock hit an all-time high Friday as the financial services platform continued to rip higher this year, along with bitcoin and other crypto stocks. Robinhood, up more than 160% in 2025, hit an intraday high above $101 before pulling back and closing slightly lower. The reversal came after a Bloomberg report that JPMorgan plans…
