Diamonds and Dogs

8/30/21

Buy now, pay later. Affirm Holding (AFRM) is up 45% as the consumer financing firm signed a new partnership deal with Amazon.com (AMZN). Amazon will test Affirm's system of buy now, pay later installment payment plans.

Credit card companies take a hit. Capital One (COF) is down 5% following a downgrade and news of Amazon's new plan of buy now and pay later. The insurance stocks like Prudential (PRU) and Metlife (MET) are lower by a percent as Hurricane Ida wrecks havoc on New Orleans.

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