Key Points
- Affirm reported earnings per share of 20 cents for the quarter, almost double what analysts expected.
- The company also reported better-than-expected revenue.
Affirm’s stock soars 15% on earnings, revenue beat
Finance
Trump’s Fed chair candidates list narrowed down to five by Bessent after interviews, sources say
Key Points The list of candidates for Fed chair is down to five from 11 after a series of interviews with Treasury Secretary Scott Bessent, according to sources. The remaining list of candidates includes Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Christopher Waller — along with Kevin Hassett, the director of the National […]
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Finance
‘Bitcoin is not an asset class’: UK’s biggest investment platform has a stark warning for investors
Key Points The U.K.’s biggest retail investment platform, Hargreaves Lansdowne, has urged traders to exercise caution on cryptocurrencies. “The HL Investment view is that bitcoin is not an asset class, and we do not think cryptocurrency has characteristics that mean it should be included in portfolios for growth or income,” the firm said. A longstanding […]
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Finance
Former Fed Governor Larry Lindsey withdraws name for Fed chair
Key Points Former U.S. Federal Reserve Governor Larry Lindsey has withdrawn his name from consideration for the position of Fed chair, CNBC’s Eamon Javers reported on Thursday. President Trump is considering a list of candidates to replace Federal Reserve Chairman Jerome Powell for when his term expires in May. Source
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