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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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The S&P 500 is on the brink of a bear market.  Here's the threshold.

The S&P 500 is on the brink of a bear market. Here’s the threshold.

The latest bull market for US stocks was on the brink of expiring Thursday afternoon, with the benchmark S&P 500 holding just shy of the threshold that marks bear territory. The S&P 500 SPX, -0.13% was down 73 points, or 1.9%, at 3,860.88 in afternoon trade, after finishing Wednesday around 18% below its record close …

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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 »

Stocks Climb on Inflation Data

Stocks Climb on Inflation Data

Stocks swung between gains and losses Wednesday after fresh data showed inflation eased slightly in April but not as much as economists expected. The S&P 500 rose 0.7% in morning trading. The index snapped a three-day losing streak Tuesday, hitting pause on a stretch of pressure that came as investors braced for the Federal Reserve …

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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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Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff

Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff

One type of cryptocurrency, a so-called stablecoin, is meant to keep its value at $1. But on Monday, the third-biggest stablecoin, TerraUSD, fell as low as 94 cents, causing a flood of investors to sell their holdings. Stablecoins get their name from their being tied to the value of government-issued currencies, such as the dollar. …

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Palantir Earnings and Outlook Fall Short of Estimates.  The Stock Plunges.

Palantir Earnings and Outlook Fall Short of Estimates. The Stock Plunges.

Text size Palantir guided to a ‘base case’ of $470 million in revenue for the second quarter. Dreamstime Palantir Technologies posted soft first-quarter results, along with June quarter guidance that fell shy of previous Wall Street forecasts. Global economic and geopolitical forces appeared to be weighing on the company’s near-term outlook, although Palantir’s long-established ties …

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Stock Futures Fall as Bond Yields Edge Higher

Stock Futures Fall as Bond Yields Edge Higher

US stock futures fell to start the week, indicating that major equity indexes could decline again following last week’s big swings. Futures for the S&P 500 declined 1.5%. Contracts tied to the technology-focused Nasdaq-100 fell 1.7% while those for the Dow Jones Industrial Average receded 1.2%. US government bonds sold off again, pushing the yield …

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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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