Tariff Concerns Send BNPL Stocks Plummeting 30%
US stocks have taken a hit after President Donald Trump announced sweeping tariffs, sending buy now, pay later (BNPL) companies like Affirm and Klarna reeling. Affirm’s shares plummeted about 30% in two days following the announcement, marking their second-worst week on record. The company’s reliance on consumer spending makes it particularly vulnerable to economic shocks. … Read more