US EditionFintech 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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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…
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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