The buzzy Buy Now Pay Later option is at its peak during this holiday shopping season, breaking records on Cyber Monday.@amandamull joins @chafkin and @svaneksmith on the Everybody's Business podcast to discuss the rapid rise of BNPL and whether it's good or bad for the economy https://t.co/lQODUzi51U ...

[music] A little over a month ago, we got a really impressive quarter from a firm holdings. The buy now pay later powerhouse. This guy's posted a 12-cent earnings beat off an 11centent basis with much higher than expected revenue.The stock shot up more than 11% the next day, reaching a high of $79 and change a couple days later. Since then though, a firm has gradually drifted lower because of concerns about the state of the consumer to the point where it's now back to $65 and change. trading like that great ...

Core Viewpoint - A firm Holdings, a buy now pay later company, reported strong earnings but has seen its stock price decline due to consumer concerns despite positive retail performance and recent interest rate cuts by the Federal Reserve [1][2][3] Company Performance - A firm Holdings achieved a 12-cent earnings beat on an 11-cent basis with significantly higher than expected revenue [1] - The stock initially surged over 11% to a high of approximately $79 but has since fallen back to around $65, indicating market skepticism about consumer spending [2] Consumer Insights - The CEO of a firm Holdings, Max Lechin, emphasized the importance of effective underwriting to avoid late fees and hidden charges, aligning the company's interests with consumers [5][17] - The company has successfully served 20 to 40 million Americans without charging late fees or revolving interest, showcasing a different approach to consumer credit [8] Market Trends - Recent data indicates a 47% year-over-year growth in travel during the holiday season, with Gen Z showing a 75% increase in travel spending [27][28] - There was significant growth in 0% loans during Black Friday and Cyber Monday, with over 70% year-over-year growth, indicating consumers are looking for interest-free borrowing options [30][31] Expansion Plans - A firm Holdings is expanding into the UK market, viewing it as a significant opportunity following successful operations in North America [23][25] - The partnership with Revolve is seen as a strategic move to enhance their presence in the UK, leveraging their existing success in Canada [24][25]

There are so many different metrics that come at us. Is there a metric that catches your attention more than most, or is it that you rely just on kind of the work you guys do. I rely on what we do, but I also look at all the metrics to tell a story. And frankly, what you're seeing the metrics tell the story of.Essentially it was solidly optimistic for this upcoming holiday season. There are good metrics. A lot of the metrics surpass their expectations.The other thing when you look at online versus in-store, ...

Hello everyone. Black Friday sales set new records this weekend. The US stock market can't stop going higher. Sentiment is in the toilet. And Professor Peter St. An is going to join us to break down what is really happening in the US economy. We're live today from the desk of Anthony Pompiano. Before we get into today's episode, I need your help. My goal is to get to 1 million subscribers. Right now, we're at 40,041 of you. I love that you're here, but we need more friends. And so, hit the subscribe button ...

Consumers expecting to spend about 10% less this year on holiday gifts for an average of nearly $1,600 as they prepare for higher prices according to the latest Deote holiday retail survey. Our next guest warns that consumers are strapped. We could see a January hangover.Joining us is Lockx Ganapathy of Unicus Research. She's the founder and CEO of the short investment research firm. She's also worked closely with Steve Eisman who is a friend of Fast Money of course.Locks, great to have you back. Good to se ...

Core Insights - The upcoming holiday season is expected to boost retail sales significantly, contributing to major retailers' revenues [1] - Retail sales during November and December are projected to increase by 3.7% to 4.2%, reaching approximately $1.01 trillion to $1.02 trillion, marking the first time U.S. holiday sales are expected to exceed $1 trillion [2] - Economic concerns, including a federal government shutdown, may dampen sales growth, affecting consumer demand [3] Retail Sales Projections - Total holiday spending is anticipated to reach between $1.01 trillion and $1.02 trillion, with a year-over-year increase of 3.7% to 4.2% [2] - Last year's holiday sales were $976.1 billion, reflecting a 4.3% increase from the previous year [2] Economic Impact - The federal government shutdown is identified as a key headwind, potentially leading to a loss of private-sector income and impacting consumer spending patterns [3] - While some economic impacts are expected to be temporary, they may still influence consumer behavior during the holiday season [3] Government Funding Bill - The Senate passed a bill to fund the federal government through January, ending the longest shutdown in U.S. history, with a vote of 60-40 [4] - The bill will proceed to the House of Representatives for consideration before reaching the President for signature [5] Consumer Behavior Trends - Consumers are showing caution but remain fundamentally strong, with lower-income consumers prioritizing essential goods over non-essentials [6] - This trend may negatively impact sectors related to services, such as recreation and dining, while benefiting retail and discretionary ETFs [6] Online Shopping Insights - U.S. online sales are projected to reach $253.4 billion this holiday season, reflecting a 5.3% year-over-year growth [7] - Cyber Week is expected to account for 17.2% of overall spending, totaling $43.7 billion, with a 6.3% increase from the previous year [8] Investment Opportunities - The online shopping trend is likely to benefit ETFs focused on online retail, such as ProShares Online Retail ETF (ONLN) [8] - The "Buy Now Pay Later" trend is expected to drive an additional $2 billion in online spending, favoring iShares FinTech Active ETF (BPAY) [8] - The use of generative AI for shopping is anticipated to create investment opportunities in Roundhill Generative AI & Technology ETF (CHAT) [9]

Consumer Behavior & Market Trends - Affirm's consumer base remains healthy, actively shopping, paying bills, and energized by upcoming holidays [2] - The perception of the American consumer's demise is exaggerated, with different technology sectors presenting varying narratives [3] - Consumers are increasingly turning to Affirm, evidenced by strong demand for zero-day promotions [5] - It's inaccurate to generalize about the Affirm consumer due to diverse segments with varying financial priorities [6] - Consumers using 0% promotions prioritize saving money, while those favoring longer repayment terms prioritize cash flow [7] Business Strategy & Partnerships - Affirm's brand promise of transparency and control resonates with users, especially amidst external pressures [4] - Affirm's partnership model with companies like Amazon, Shopify, Apple, and Costco is effective [8] - Affirm is expanding into services, recognizing that consumers spend on services beyond just physical goods [9][10] - The company is focused on executing its current strategy and achieving growth, with a 42% growth rate [15] - While not actively pursuing M&A, the possibility is not ruled out, as the company is performing well [11] Product & Payment Strategy - Affirm aims to be available across various payment channels, both digital and physical [14] - The company is focused on executing its current strategy and achieving growth, with a 42% growth rate [15]

Welcome back. A firm shares this morning rising on the back of an earnings beat. Although the stock has given up some of the initial jump, the buy now pay later company reporting a record 20 41 million transactions last quarter.More than 24 million active consumers added another 500,000 users to its debit card. And while the stock is up today, it's still down more than 20% from the 52- week high in September. Joining us first on CNBC this morning is the firm's founder and CEO, Max Lechin.Max, happy Friday. ...

[music] Welcome back to fast money earnings alert on a firm shares of the buy now pay later uh company spiking 11% after hours the company delivering earnings and revenues that exceeded Wall Street estimates the conference call is underway CNBC's Mackenzie Sagalas got the latest Mac. >> Hey Mel so firm shares are rallying after hours as transaction volume jumped 42% in the quarter. CEO Max Lechin opened the earnings call though by pointing to their new 5-year deal with Amazon as a major win.Indeed, a key mo ...