Finance

In a financial world marred by unpredictability, the latest market news is both troubling and exhilarating. The buy now, pay later (BNPL) sector flags pivotal shifts, as Affirm faces a notable decline—down 4%—following reports of Swedish fintech pioneer Klarna dethroning it as Walmart’s exclusive loan provider. This transition marks a harsh awakening for Affirm, underscoring

In 2024, consumers have faced an unprecedented threat, losing a staggering $5.7 billion to investment scams—a stark 24% increase from the previous year. According to recent data released by the Federal Trade Commission (FTC), these scams now represent the most substantial category of consumer fraud, dwarfing other forms of deceit that range from identity theft

Rubrik has recently made waves on Wall Street, witnessing a staggering 18.5% surge in its stock value. Crucially, the firm reported an adjusted loss that was significantly narrower than analysts had anticipated. This unexpected performance, with a loss of only 18 cents per share versus the 39 cents projected, underscores the company’s resilience in a

In today’s tumultuous financial landscape, characterized by escalating tariffs and geopolitical unrest, investors find themselves grappling with significant uncertainty. Goldman Sachs Asset Management, under the guidance of Bryon Lake, has recognized this turbulence and is responding with a strategic innovation aimed at calming investor nerves. The introduction of the Goldman Sachs U.S. Large Cap Buffer

In a world where data management is becoming increasingly vital for businesses, Rubrik has made headlines with a staggering 25% increase in their stock value. This surge was fueled by fourth-quarter results that not only exceeded analyst predictions but also showcased the company’s ability to narrow its losses. With a reported loss of only 18

In a bold move to redefine the landscape of leisure in China, the video streaming giant iQiyi has announced plans to launch its first full-scale theme park, aptly titled “iQiyi Land.” Set to open in Yangzhou, Jiangsu province, the park seeks to capitalize on the burgeoning consumer trend towards experiential spending, transcending traditional retail narratives.

Ulta Beauty’s fourth-quarter performance proved to be a dazzling spectacle, with shares escalating an impressive 7%. The retailer’s ability to earn $8.46 per share on revenue of $3.49 billion outshined analysts’ predictions, which pegged earnings at $7.12 per share and revenues at $3.46 billion. However, despite the jubilant short-term gains, the guidance for the full

The stock market’s after-hours trading reveals unsettling trends that echo a larger narrative of corporate unease. Take Adobe, for instance: the software giant recently revealed an uninspiring outlook for the upcoming fiscal quarter, causing its stock to plummet by roughly 3%. The anticipated revenue range of $4.27 billion to $4.30 billion fell short of investor

When an airline giant like Delta Air Lines announces a drastic cuts to its revenue forecast, it’s more than just numbers on a screen; it’s a harbinger of economic trouble that should send shockwaves through investor circles. The company has reduced its expectations for quarter-on-quarter revenue growth from a comfortable range of 7-9% to a

In an unprecedented shift, mainland Chinese investors are flocking to the Hong Kong stock market with record-breaking volumes. Such a phenomenon is not just a mere footnote in financial history, but rather a significant indicator of the evolving landscape of global investment. Recently, the net purchases reached an astonishing 29.62 billion Hong Kong dollars (approximately