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Affirm surges 20% as fintech rallies on tariff pause, but risk remains
Thomas Fuller | Sopa Images | Lightrocket | Getty Images The fintech sector is rallying Wednesday following the Trump administration’s announcement of a 90-day pause on planned tariffs. Affirm was up 20%, Toast and Block rose 13% and PayPal increased 10%. The 90-day pause doesn’t eliminate the threat of tariffs — it just delays it. […]
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Fintech stocks such as Affirm, PayPal plunge on concern Trump tariffs will hurt consumer spending
The global market rout on Thursday, sparked by President Donald Trump’s announcement of widespread tariffs, had an outsized effect on fintech companies and credit card issuers that are closely tied to consumer spending and credit. Affirm, which offers buy now, pay later purchasing options, plunged 19%, while stock trading app Robinhood slid 10% and payments […]
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Here’s how much Capital One would be worth post-Discover deal, according to one Wall Street firm
How much would Capital One’s stock be worth if it completes its blockbuster merger of Discover Financial Services ? The answer, according to one Wall Street firm, is a whole lot more. The news In a Tuesday note, BTIG analysts said they believe shares of Capital One would be worth $427 apiece if the Discover […]
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Beijing pledges greater market access as top global CEOs gather at the China Development Forum
Chinese Vice Premier He Lifeng (R) shakes hands with US Senator Steve Daines before a meeting held in the Xinjiang Room at the Great Hall of the People in Beijing on March 22, 2025. Ng Han Guan | Afp | Getty Images China’s Vice Premier He Lifeng has reassured foreign business leaders that Beijing will […]
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This low-volatility ETF is having its moment this year, topping the S&P 500
Wall Street may be getting used to the uptick in volatility that started when President Donald Trump began implementing his tariffs on China, Canada and Mexico. But typical stockholders may not be faring that well, with the S & P 500 pulling back 3.9% in 2025. However, if investors had instead faded volatility and stuck […]
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Wall Street analysts defend Capital One stock after Monday’s selloff. Here’s where we stand
Wall Street analysts endorsed Capital One , and the Club stock bounced Tuesday — one day after a sharp slide on concerns about possible regulatory hurdles to the company’s pending Discover acquisition. The news Citi, KBW, and Jefferies all said they still expect the $35 billion deal to be completed despite a Monday afternoon report […]
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Block’s 30% plunge in February leads fintech selloff, while Stripe shows benefit of staying private
Patrick Collison, chief executive officer and co-founder of Stripe Inc., left, smiles as John Collison, president and co-founder of Stripe Inc., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23, 2018. Bloomberg | Bloomberg | Getty Images Stripe has once again shown why sometimes it’s better to […]
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Register now: Applications open for the world’s top fintech companies of 2025 list
For the third year in a row, CNBC is working with market research firm Statista to list the world’s top financial technology companies. Including startups, scaleups and established tech players, the top global fintech list aims to assess companies using an objective, key performance indicator-based methodology. You can find out more information on the research […]
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Fintechs like Block and PayPal are battling like never before to be your all-in-one online bank
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Jack Dorsey’s Block got started as Square, offering small businesses a simple way to accept payments via smartphone. Affirm began as an online lender, giving consumers […]
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A complete guide to value investing — how Warren Buffett made his money
Warren Buffett has long been a proponent of value investing — and those principles have helped him amass a personal fortune of around $150 billion . It’s an investing approach that means taking the long view, holding your nerve and avoiding risky behavior — philosophies Buffett learned from economist Benjamin Graham’s 1949 book, “The Intelligent […]
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