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Affirm stock soars as company tops revenue expectations 'despite volatile market conditions'

Affirm stock soars as company tops revenue expectations ‘despite volatile market conditions’

Shares of Affirm Holdings Inc. surged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and an upbeat volume forecast in the face of “volatile market conditions.” The company posted a fiscal third-quarter net loss of $54.7 million, or 19 cents a share, compared with a loss of $287 million, or …

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Yellen: Cryptocurrency market turbulence is not 'real threat' to US financial stability.

Yellen: Cryptocurrency market turbulence is not ‘real threat’ to US financial stability.

Treasury Secretary Janet Yellen said Thursday that the turbulence in the cryptocurrency market is not a hazard for the stability of the US financial system. Yellen noted that TerraUSD USTUSD, -57.88% had decoupled from its $1 peg in recent days and the world’s largest stablecoin, tether, briefly was under similar pressure. Other companies in the …

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'What are the odds?  I retire and the stock market crashes.  All my plans are upside down.'  I want to draw on my 401(k) to renovate my new home.  What options do I have?

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city …

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have? Read More »

Bitcoin Price Falls 54% From Its High

Bitcoin Price Falls 54% From Its High

The cryptocurrency market has continued its slide from last week, mirroring the fall of the broader stock market. The world’s largest cryptocurrency, bitcoin, fell to $31,075.70 on Monday evening, a 10% drop from Sunday at 5 pm EDT, according to prices from CoinDesk. Bitcoin’s price has fallen 54% from its record high of $67,802 in …

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Bitcoin Slides Below $37,000 as Investors Unwind Risky Bets

Crypto Prices Slump Over the Weekend

The decline of bitcoin, the world’s largest cryptocurrency, mirrored the slide of the overall stock market. Photo: Kin Cheung/Associated Press Updated May 8, 2022 9:19 am ET The cryptocurrency market fell over the weekend, mirroring the slide of the broader stock market. The world’s largest cryptocurrency, bitcoin, fell to $34,702.69 on Sunday morning, a 3.8% …

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What Bitcoin Could Be Worth to Fidelity.  You'll Be Surprised.

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised.

Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move to make Bitcoin available in 401(k) plans. Add up the revenue that might bring in, and it starts to be less of a surprise. Fidelity is the …

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Bitcoin Slides Below $37,000 as Investors Unwind Risky Bets

Bitcoin Slides Below $37,000 as Investors Unwind Risky Bets

Cryptocurrency prices slide Thursday afternoon along with major stock market indexes. Bitcoin fell to $36,431.57 at 5 pm ET, down 8.4% from Wednesday, according to Dow Jones Market Data. Ethereum fell 6.4% to $2,754.37. Of the top 30 cryptocurrencies listed by CoinDesk, 29 were down on the day. Apart from a brief selloff in January, …

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Why Is Bitcoin Falling?  Prices Drop Amid Broader Market Tumble.

Why Is Bitcoin Falling? Prices Drop Amid Broader Market Tumble.

Bitcoin was trading around $37,000 Thursday. Rutmer Visser/Dreamstime Text size The price of Bitcoin, Ether, and other cryptocurrencies slumped on Thursday, reversing a recent rally as a deep selloff in the stock market spread to digital assets.. Bitcoin tumbled 6% over the past 24 hours to around $36,900, after ending 6% higher on Wednesday and …

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Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

WASHINGTON—Top US regulators proposed overhauling how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act, announced Thursday, aims to ensure lending to lower-income individuals and small businesses is distributed …

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Powell wants to get rates closer to neutral.  But what's that?  Think between 5% and 6%, form top Fed staffer says

Powell wants to get rates closer to neutral. But what’s that? Think between 5% and 6%, form top Fed staffer says

With inflation surging higher than anyone expected, Fed Chairman Jerome Powell, has laid out a policy path where the Fed is going to move quickly to get its policy rate up to “to a more neutral level” of interest rates, and maybe higher if needed . “There is an obvious need to move expeditiously to …

Powell wants to get rates closer to neutral. But what’s that? Think between 5% and 6%, form top Fed staffer says Read More »