Reported 9 days ago
Fintech companies such as Robinhood and Affirm are experiencing significant stock declines due to President Trump's newly imposed tariffs, which raise fears of higher consumer prices, reduced spending, and a possible recession. Analysts warn that these companies, which rely heavily on consumer spending for loans and investments, may be particularly vulnerable. The situation is compounded by rising delinquency rates in loan payments, and while some analysts suggest that lower Treasury yields could mitigate risks, overall market sentiment remains troubled.
Source: YAHOO