Affirms

Drew Angerer / Getty Images A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending. Affirm shares ended 2022 down 90%, wiping out billions of dollars in market value.Affirm investors are wrapping up 2023 in a much different mood.The stock skyrocketed 430% in 2023, as of Wednesday's close, outperforming all other U.S. tech companies valued at $5 billion or more. The next-best performer was Coinbase, which shot up…

Larian Studios has handed an ‘L’ straight to scalpers by affirming that the Baldur’s Gate 3 Deluxe Edition is not limited, and there “won’t be stock scarcity” when it ships in early-2024. Just FYI the Deluxe Edition is *not* a limited edition and stock is holding steady, with more waves being prepared within the Q1 2024 shipping window, so if you see them online being resold based on confirmed preorders at higher prices, skip it. There won’t be stock scarcity.— Very AFK (@Cromwelp) November 21, 2023 Michael Douse…

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! Due to the U.S. holiday, this is an abbreviated edition. Buy now, pay later comeback Both Klarna and Affirm — known primarily for their buy now, pay later businesses — revealed their quarterly results this week. And they did not disappoint. Affirm reported that its fiscal first-quarter revenue grew 37% year over year…

Uber Technologies Inc., Lyft Inc. and other companies scored a victory with a California court ruling that preserves their independent-contractor model in the state and could boost their efforts to maintain that model elsewhere. A state appeals court reversed a lower-court ruling that found a California ballot measure known as Proposition 22 illegal. Proposition 22, which passed in November 2020, allowed these companies to continue to treat their drivers as independent contractors.…

Adobe Inc. affirmed its annual revenue forecast, signaling it’s seeing steady demand for creative design and analytics software despite the uncertain economy. Adobe Inc. affirmed its annual revenue forecast, signaling it's seeing steady demand for creative design and analytics software despite the uncertain economy. The shares gained about 6% in extended trading. The company also said it expects to complete its $20 billion purchase of Figma Inc. next year, despite regulatory review in the US, UK and Europe.…

BlockFi Inc. was shocked by allegations of systemic failures at FTX, with which it has extensive business, and now the cryptocurrency lender is working hard to return customer funds after filing for bankruptcy this week, a BlockFi lawyer said Tuesday.  Jersey City, N.J.-based BlockFi, which secured a rescue loan from FTX in June to shore up its liquidity, reviewed unaudited FTX financial reports as part of due diligence it performed at the time of the transactions, said Joshua Sussberg, a lawyer for…

BEIJING —  Chinese authorities eased anti-coronavirus rules in scattered areas but affirmed the country’s stringent “zero-COVID” strategy Monday after crowds demanded President Xi Jinping’s resignation during protests against restrictions that confine millions of people to their homes.The government made no comment on the protests or criticism of Xi, the most widespread display of opposition to the ruling Communist Party in decades. There was no official word on how many people were detained after police used pepper…

You no longer need to live in the US to use Affirm's buy-now-pay-later services for much of your online shopping. Affirm is expanding to Canada through a partnership with Amazon. Spend $50 or more at Amazon.ca and you can choose Affirm's pay-over-time option at checkout to split the bill into monthly payments. As in the States, there aren't any late fees or surprise charges. The payment option will be available within a month. The Canadian rollout comes roughly two years after Affirm bought local equivalent PayBright —…

Central bank officials haven’t pushed back against expectations for a third consecutive 0.75-point rate increase later this month. Central bank officials haven’t pushed back against expectations for a third consecutive 0.75-point rate increase later this month. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

Global Credit Rating has affirmed NOVA Merchant Bank Limited’s national scale long and short-term ratings of BBB(NG) and A3(NG) respectively, with a Stable Outlook. The ratings agency explained that NOVA was rated on the basis of its strong capital base as well as its financial position, adding, “The ratings of NOVA Merchant Bank Limited reflect its sound capitalisation and good risk position, as characterised by minimal non-performing loans (“NPL”) and credit losses.” Citing the rationale for the ratings, GCR…