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Fintech stocks such as Affirm, PayPal plunge on concern Trump tariffs will hurt consumer spending

  • On Thursday, a global market downturn occurred, impacting fintech and credit card companies.
  • President Trump's Wednesday announcement of widespread tariffs sparked the market's negative reaction.
  • Investors fled digital platforms and buy now, pay later services amid tariff worries.
  • Trump stated his plan would set a "10% baseline tariff across the board," though that varies.
  • The market slump suggests fintech firms may see revenue decline due to tariffs.
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MediaiteMediaite
Lean Left

Emily Goodin Confronts Trump Over Stock Market Plunge on AF1

Trump interrupted a reporter as she confronted him over the stock market plunge that followed implementation of his tariffs, asking her "Who are you with?"

·United States
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CNBCCNBC
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thepress.netthepress.net
Center

Fintech stocks such as Affirm, PayPal plunge on concern Trump tariffs will hurt consumer spending

Fintech and credit card stocks were hit particularly hard in the market rout that followed President Donald Trump's tariff announcement.

·United States
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TheSpuzzTheSpuzz

Infosys, TCS, Wipro to HCL Technologies: Which IT stock to buy for long-term amid Trump’s tariff flare?

Source: Live Mint Indian technology (IT) stocks remained under selling pressure for the second consecutive session on Friday, with the Nifty IT index declining over 3.5%. Significant losses in leading IT stocks such as Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, and Coforge shares contributed to the index reaching its lowest level in nine months. This downturn follows a 4.21% decline in the previous session, triggered by…

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Simply Wall StSimply Wall St

PayPal Holdings, Inc. (PYPL) Leadership & Management Team Analysis - Simply Wall St

Learn about PayPal Holdings, Inc. (PYPL) stock's management team. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team.

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newcomer.conewcomer.co

Darks Clouds & Silver Linings as Fintech Rebound Hits Tariff Turmoil

Greetings on this not-so-happy Friday for the markets and the global economy. We’re looking at early-stage fintech startups this week and the news isn’t all gloomy, though Klarna and Chime can’t be happy. Read on for bits about OpenAI & SoftBank, Elon Musk’s potential step-back, the TikTok tick-tock, and what the likes of Shaun Maguire and Ryan Petersen are saying about tariffs.The Main ItemThe Fintech Winter ThawsIt feels strange to write about…

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PYMNTS.comPYMNTS.com

FinTech IPO Index Plunges 11.7% Amid Broad-Based Market Rout

All FinTech IPO names plunged in a week dominated by tariffs. BNPL names like Affirm slid double digits, and Katapult sank 30% on earnings.

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  • 50% of the sources lean Left, 50% of the sources are Center
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Verve times broke the news in on Thursday, April 3, 2025.
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