![\"\"](\"https://www.pymnts.com/wp-content/uploads/2025/03/CE100-performance-0331.jpg\")
In a week of historic stock trading, where we haven\u2019t seen plunges of this magnitude in five years, it\u2019s easy to count the number of CE 100 Index names that finished in the green.\u00a0Because they could be counted on one hand.
\nHealthcare stocks like McKesson and United Healthcare were up 2.3% and 1.8% respectively. Ahold Delhaize gathered 0.8%, followed by Bharti Airtel, which was up by a similar amount.
\nEveryone else? They slipped or plunged, as the overall CE 100 Index was down 9.9%, keeping pace with the dismal 9.9% dive of the Nasdaq.\u00a0Tariffs, of course, were to blame, as the impact of the Trump administration\u2019s actions and the trade war taking shape has yet to be calculated, and investors fled common stocks.
\nEvery single pillar in the CE 100 was down, and in fact, the \u201cbest\u201d performing segment was the Eat group, which gave up \u201conly\u201d 4%. Banking names lost nearly 16% for the week, as credit risks seem to be deepening; payments-focused names lost 11% as consumer spending is now at risk of being impacted by sticker shock on everything from cars to avocados.
\nMcKesson\u2019s shares rose after the company said that it had completed its previously announced acquisition of a controlling interest in PRISM Vision Holdings, LLC, which provides general ophthalmology and retina management services. McKesson acquired an approximate 80% controlling interest in PRISM Vision Holdings, paying $850 million for the stake.
\nWithin the payments space Affirm sank 22.6%, followed by Sezzle, which gave up 18.4%. The buy now, pay later names shed value as Klarna pulled its IPO at the end of the week.\u00a0
\nIn Affirm-specific news, Stride Bank will become a new card issuing partner for the Affirm Card, supporting the growing demand for this debit card that enables consumers to pay in full or convert eligible purchases into pay-over-time loans in the Affirm app. The collaboration enables Stride Bank to continue expanding its payments programs with FinTech companies and helps Affirm extend its reach to more consumers and merchants, the firms announced. The Affirm Card had 1.7 million active cardholders as of Dec. 31.\u00a0\u00a0
\nIn other news fashion retailer Revolve Group will soon enable its customers in the U.S. to use Affirm to pay over time. The retailer will add this payment method in the U.S. in the coming days, both online and in its mobile app, and plans to then expand it to its customers in Canada and the U.K.
\nPayPal\u2019s shares skidded 10.4%. PayPal and Venmo users can now buy, hold, sell and transfer two more cryptocurrencies \u2014 Chainlink (LINK) and Solana (SOL) \u2014 directly in their accounts. Users of the digital wallets will start to see LINK and SOL available for purchase over the next few weeks, according to the release.
\nElsewhere, Visa shares lost 8.7%. Visa has unveiled three new value-added services designed to make accepting payments easier and more secure. The services are meant for acquirers, payment facilitators, retailers, marketplaces and shops, the company said.
\nWith Authorize.net 2.0, Visa has reimagined its Authorize.net by adding a streamlined user interface, artificial intelligence (AI) capabilities. Unified Checkout is a new experience that can be launched in a few hours and will orchestrate more than 25 card and alternative payment options, \u00a0The ARIC Risk Hub uses adaptive AI to help protect acquirers and their merchants against fraud and financial crime by identifying risky transactions.
\nIn addition, \u00a0Visa reportedly offered Apple about $100 million to get the tech giant\u2019s credit card business, which Mastercard holds.
\nGoldman shares, in the banking segment, lost 13%.\u00a0Also within the banking names, JPMorgan shares dipped by more than 13%.
\nAs reported last week, India\u2019s Axis, a private sector bank, will offer near real-time 24/7 programmable U.S. dollar clearing for commercial clients. Kinexys Digital Payments will power this development, leveraging its blockchain deposit accounts launched in 2019, per the announcement.
\nThe Enablers segment, which includes the \u201cMag 7\u201d names like Microsoft, Alphabet, Apple and others, lost 11% as supply chain issues and tariffs \u2014 which would hit hardware such as cellphones \u2014\u00a0came into sharp focus. Apple\u2019s stock, for example, was lower by more than 13%.
\nThe post CE 100 Index Sinks 9.9% on Tariff Worries and Payment Names Plunge appeared first on PYMNTS.com.
\n", "content_text": "In a week of historic stock trading, where we haven\u2019t seen plunges of this magnitude in five years, it\u2019s easy to count the number of CE 100 Index names that finished in the green.\u00a0Because they could be counted on one hand.\nHealthcare stocks like McKesson and United Healthcare were up 2.3% and 1.8% respectively. Ahold Delhaize gathered 0.8%, followed by Bharti Airtel, which was up by a similar amount.\nEveryone else? They slipped or plunged, as the overall CE 100 Index was down 9.9%, keeping pace with the dismal 9.9% dive of the Nasdaq.\u00a0Tariffs, of course, were to blame, as the impact of the Trump administration\u2019s actions and the trade war taking shape has yet to be calculated, and investors fled common stocks. \nAll Pillars Lose Ground\nEvery single pillar in the CE 100 was down, and in fact, the \u201cbest\u201d performing segment was the Eat group, which gave up \u201conly\u201d 4%. Banking names lost nearly 16% for the week, as credit risks seem to be deepening; payments-focused names lost 11% as consumer spending is now at risk of being impacted by sticker shock on everything from cars to avocados.\nMcKesson\u2019s shares rose after the company said that it had completed its previously announced acquisition of a controlling interest in PRISM Vision Holdings, LLC, which provides general ophthalmology and retina management services. McKesson acquired an approximate 80% controlling interest in PRISM Vision Holdings, paying $850 million for the stake. \nPayments Names Post Declines\nWithin the payments space Affirm sank 22.6%, followed by Sezzle, which gave up 18.4%. The buy now, pay later names shed value as Klarna pulled its IPO at the end of the week.\u00a0 \nIn Affirm-specific news, Stride Bank will become a new card issuing partner for the Affirm Card, supporting the growing demand for this debit card that enables consumers to pay in full or convert eligible purchases into pay-over-time loans in the Affirm app. The collaboration enables Stride Bank to continue expanding its payments programs with FinTech companies and helps Affirm extend its reach to more consumers and merchants, the firms announced. The Affirm Card had 1.7 million active cardholders as of Dec. 31.\u00a0\u00a0 \nIn other news fashion retailer Revolve Group will soon enable its customers in the U.S. to use Affirm to pay over time. The retailer will add this payment method in the U.S. in the coming days, both online and in its mobile app, and plans to then expand it to its customers in Canada and the U.K.\nPayPal\u2019s shares skidded 10.4%. PayPal and Venmo users can now buy, hold, sell and transfer two more cryptocurrencies \u2014 Chainlink (LINK) and Solana (SOL) \u2014 directly in their accounts. Users of the digital wallets will start to see LINK and SOL available for purchase over the next few weeks, according to the release.\nElsewhere, Visa shares lost 8.7%. Visa has unveiled three new value-added services designed to make accepting payments easier and more secure. The services are meant for acquirers, payment facilitators, retailers, marketplaces and shops, the company said.\nWith Authorize.net 2.0, Visa has reimagined its Authorize.net by adding a streamlined user interface, artificial intelligence (AI) capabilities. Unified Checkout is a new experience that can be launched in a few hours and will orchestrate more than 25 card and alternative payment options, \u00a0The ARIC Risk Hub uses adaptive AI to help protect acquirers and their merchants against fraud and financial crime by identifying risky transactions. \nIn addition, \u00a0Visa reportedly offered Apple about $100 million to get the tech giant\u2019s credit card business, which Mastercard holds. \nGoldman shares, in the banking segment, lost 13%.\u00a0Also within the banking names, JPMorgan shares dipped by more than 13%. \nAs reported last week, India\u2019s Axis, a private sector bank, will offer near real-time 24/7 programmable U.S. dollar clearing for commercial clients. Kinexys Digital Payments will power this development, leveraging its blockchain deposit accounts launched in 2019, per the announcement.\nThe Enablers segment, which includes the \u201cMag 7\u201d names like Microsoft, Alphabet, Apple and others, lost 11% as supply chain issues and tariffs \u2014 which would hit hardware such as cellphones \u2014\u00a0came into sharp focus. Apple\u2019s stock, for example, was lower by more than 13%.\nThe post CE 100 Index Sinks 9.9% on Tariff Worries and Payment Names Plunge appeared first on PYMNTS.com.", "date_published": "2025-04-07T04:00:12-04:00", "date_modified": "2025-04-06T21:10:34-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/CE100-index-0407.jpg", "tags": [ "Affirm", "Ahold Delhaize", "Axis", "Bharti Airtel", "CE 100 Index", "Connected Economy", "Featured News", "Klarna", "mckesson", "News", "PayPal", "PYMNTS News", "sezzle", "tariffs", "United Healthcare", "Connected Economy" ] }, { "id": "https://www.pymnts.com/?p=2524397", "url": "https://www.pymnts.com/connectedeconomy/2025/ce-100-index-slips-2-5percent-as-chip-and-payment-names-lose-ground/", "title": "CE 100 Index Slips 2.5% as Chip and Payment Names Lose Ground", "content_html": "The end of March and the first quarter proved rough sledding for the CE 100 Index, as all pillars slipped through the last full trading week of the month.
\nThe overall Index was off 2.5%, almost in lockstep with the tech-heavy NASDAQ Index, and now stands 4.2% lower for the year-to-date performance.
\n
The Enablers segment of the CE 100 Index dipped most visibly among the segments, down 4.1%.\u00a0 Meta\u2019s stock lost 6.1%. As reported here, Meta Platforms is seeking a ruling from a U.S. federal court, asserting that its use of copyrighted books by authors such as Ta-Nehisi Coates and comedian Sarah Silverman to train its artificial intelligence system did not violate copyright law. Meta is claiming the practice falls under \u201cfair use,\u201d a legal doctrine that allows for limited use of copyrighted material without permission under certain conditions.
\nNvidia shares lost a similar amount\u00a0on the heels of news earlier in the month that it will procure \u201cseveral hundred billion\u201d dollars\u2019 worth of chips and other electronics manufactured in the U.S. over the next four years, per comments from CEO Jensen Huang.
\nPayments related to names, as a group in\u00a0the CE 100 Index, were 3.4% lower through the week.
\nVisa shares were among the few players in the green, up 2.1%.\u00a0 The payment network said that it has inked a referral agreement with virtual care and spend management platform Extend.\u00a0 Through the joint effort, firms defined by Visa as emerging middle-market companies can use virtual cards to manage spending, fight fraud and close their books more quickly.
\nPayPal\u2019s stock lost nearly 8%.\u00a0 The company said\u00a0it passed $30 billion in global loan originations for small businesses since launching its first merchant lending solution in 2013. That volume was tied to 1.4 million loans to more than 420,000 business accounts globally, the company said.
\nAffirm\u2019s 7.5% decline came after the BNPL provider said it has struck a new agreement with J.P. Morgan Payments.\u00a0 The partnership will mean that Affirm\u2019s solutions become available to merchants on the J.P. Morgan Payments network in the U.S., letting them offer BNPL plans at checkout. The partnership comes nearly a week after Affirm announced it would begin furnishing information about all of its payment plans to Experian starting April 1.
\nAlso within the payments segment, as tracked by the CE 100 Index, Block shares gave up just under 10%. Citing \u201cperformance issues\u201d and strategy, the company said that it would lay off 8% of it staff.\u00a0 Block will also lay off 80 managers as it tries to \u201cflatten\u201d its organization, he added.
\n\u201cNone of the above points are trying to hit a specific financial target, replacing folks with AI or changing our headcount cap,\u201d the company said in a statement. \u201cThey are specific to our needs around strategy, raising the bar and acting faster on performance, and flattening our org so we can move faster and with less abstraction.\u201d
\nTesla was another one of the (relatively few) companies in the CE 100 Index to gain momentum, up 6%. \u00a0
\nIn an announcement this past week, Tesla said it is entering the dining business, preparing to open a drive-in restaurant in Los Angeles.\u00a0 This new location would allow diners to eat and watch movies on an outdoor screen while they charged their electric vehicles.
\nElsewhere, Ocado\u2019s 13.7% surge came after a Wall Street upgrade, as noted by sites such as Investing.com.\u00a0 J.P. Morgan upgraded the name from neutral to overweight as performance and EBITDA (a rough calculation of cash flow) improved.
\nThe post CE 100 Index Slips 2.5% as Chip and Payment Names Lose Ground appeared first on PYMNTS.com.
\n", "content_text": "The end of March and the first quarter proved rough sledding for the CE 100 Index, as all pillars slipped through the last full trading week of the month.\nThe overall Index was off 2.5%, almost in lockstep with the tech-heavy NASDAQ Index, and now stands 4.2% lower for the year-to-date performance. \n\nThe Enablers segment of the CE 100 Index dipped most visibly among the segments, down 4.1%.\u00a0 Meta\u2019s stock lost 6.1%. As reported here, Meta Platforms is seeking a ruling from a U.S. federal court, asserting that its use of copyrighted books by authors such as Ta-Nehisi Coates and comedian Sarah Silverman to train its artificial intelligence system did not violate copyright law. Meta is claiming the practice falls under \u201cfair use,\u201d a legal doctrine that allows for limited use of copyrighted material without permission under certain conditions.\nNvidia shares lost a similar amount\u00a0on the heels of news earlier in the month that it will procure \u201cseveral hundred billion\u201d dollars\u2019 worth of chips and other electronics manufactured in the U.S. over the next four years, per comments from CEO Jensen Huang. \nPayment Names Give Up Ground as Block Sheds Staff\nPayments related to names, as a group in\u00a0the CE 100 Index, were 3.4% lower through the week.\nVisa shares were among the few players in the green, up 2.1%.\u00a0 The payment network said that it has inked a referral agreement with virtual care and spend management platform Extend.\u00a0 Through the joint effort, firms defined by Visa as emerging middle-market companies can use virtual cards to manage spending, fight fraud and close their books more quickly.\nPayPal\u2019s stock lost nearly 8%.\u00a0 The company said\u00a0it passed $30 billion in global loan originations for small businesses since launching its first merchant lending solution in 2013. That volume was tied to 1.4 million loans to more than 420,000 business accounts globally, the company said.\nAffirm\u2019s 7.5% decline came after the BNPL provider said it has struck a new agreement with J.P. Morgan Payments.\u00a0 The partnership will mean that Affirm\u2019s solutions become available to merchants on the J.P. Morgan Payments network in the U.S., letting them offer BNPL plans at checkout. The partnership comes nearly a week after Affirm announced it would begin furnishing information about all of its payment plans to Experian starting April 1.\nAlso within the payments segment, as tracked by the CE 100 Index, Block shares gave up just under 10%. Citing \u201cperformance issues\u201d and strategy, the company said that it would lay off 8% of it staff.\u00a0 Block will also lay off 80 managers as it tries to \u201cflatten\u201d its organization, he added.\n\u201cNone of the above points are trying to hit a specific financial target, replacing folks with AI or changing our headcount cap,\u201d the company said in a statement. \u201cThey are specific to our needs around strategy, raising the bar and acting faster on performance, and flattening our org so we can move faster and with less abstraction.\u201d \nA Few Gains\nTesla was another one of the (relatively few) companies in the CE 100 Index to gain momentum, up 6%. \u00a0\nIn an announcement this past week, Tesla said it is entering the dining business, preparing to open a drive-in restaurant in Los Angeles.\u00a0 This new location would allow diners to eat and watch movies on an outdoor screen while they charged their electric vehicles. \nElsewhere, Ocado\u2019s 13.7% surge came after a Wall Street upgrade, as noted by sites such as Investing.com.\u00a0 J.P. Morgan upgraded the name from neutral to overweight as performance and EBITDA (a rough calculation of cash flow) improved.\nThe post CE 100 Index Slips 2.5% as Chip and Payment Names Lose Ground appeared first on PYMNTS.com.", "date_published": "2025-03-31T04:00:22-04:00", "date_modified": "2025-03-30T23:18:01-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/03/CE100-INDEX-0331.jpg", "tags": [ "Affirm", "Block", "CE 100 Index", "Connected Economy", "Featured News", "Investments", "Meta", "News", "NVIDIA", "Ocado", "PayPal", "PYMNTS News", "stock market", "Tesla", "Visa", "Connected Economy" ] }, { "id": "https://www.pymnts.com/?p=2516560", "url": "https://www.pymnts.com/connectedeconomy/2025/ce-100-index-adds-2-1-as-porch-group-rallies-and-tencent-surges-on-earnings/", "title": "CE 100 Index Adds 2.1% as Porch Group Rallies and Tencent Surges on Earnings", "content_html": "Over the past week, the CE 100 Index\u2019s 2.1% rally outpaced its benchmarks, driven by gains across all pillars.
\n![\"\"](\"https://www.pymnts.com/wp-content/uploads/2025/03/CE100-0324.jpg\")
Porch Group led advancing names in the Index, surging more than 14.4%. Investing sites such as Tipranks reported that sell-side Wall Street firm Stephens boosted its price target on the company to $10 from $8 while keeping its \u201coverweight\u201d rating on the make (which is equivalent to a \u201cbuy\u201d rating).\u00a0 Analysts maintained that Porch\u2019s operational execution and strategic focus should help the company navigate any further macro pressures.
\nTencent\u2019s 11.6% rally led the Pay and Be Paid segment of the CE 100 Index to nearly 3% higher. \u00a0Fourth quarter earnings detailed that revenues in the quarter were up 11% year on year to about $23.9 billion, as the games segment in China showed a 23% revenue surge. The company also noted that it is seeing growth in its AI-related drive to improve and enhance operations. In a statement that accompanied the results, management stated that \u201cthese stepped-up investments will generate ongoing returns via uplifting productivity in our advertising business and longevity of our games, as well as longer term value from accelerated consumer usage of our AI applications and enterprise adoption of our AI services.\u201d
\nVisa\u2019s stock was 1.1% higher.\u00a0 The company announced that, in connection with Worldpay, the payments network has launched a new Click to Pay with Visa checkout feature for online merchants in the U.K.\u00a0\u00a0 The joint efforts allow customers to complete a transaction with a single click, eliminating the need to manually enter card details.
\nAnd Block, which helped lead the Pay and Be Paid segment of the CE 100 Index 2.9% higher, saw its shares gain 6.8%. The company had said earlier in the month that As had been reported last week, Block said that its Square Financial Services industrial bank has been approved by the Federal Deposit Insurance Corp. to make consumers loans directly to borrowers, using Cash App Borrow. The announcement represents a shift, as the firm had previously made the loans through its external banking partner. By bringing the loan originating and servicing functions in house, Block retains the revenue streams associated with that lending, PYMNTS noted.
\nAffirm shares slipped 0.4%.
\nAffirm said Wednesday (March 19) that it plans to begin furnishing information about all of its payment plans to Experian on April 1.\u00a0 The expanded data will include biweekly payment plans, Pay in 30 (single installment), Pay-in-2 and Pay-in-6 offerings.\u00a0 Affirm has maintained that expanded credit reporting will help consumers build their credit histories and enable both consumers and lenders to make more informed decisions. That data may be included in new credit scoring models developed in the future, according to the announcement.
\nNike shares led to the downside among the few names that declined in the CE 100 Index, off 5.2%
\nThe company posted results this past week that\u00a0saw declines across most metrics, and management commentary projected that tariffs will have a near term, negative impact on margins. Revenues were down 9% year over year to $11.3 billion, while the Street had expected a double digit-drop to the $11 billion level. CFO Matthew Friend said tariffs on imports from China and Mexico will hit margins by 4% to 5%. And revenues will decline in the midteens range, per guidance.\u00a0 Nike Direct revenues were $4.7 billion, down 12%, and driven by a 15% decline in Nike digital sales, and a 2% dip at the companies stores.\u00a0 Digital traffic is slated to be down by double digit percentage points in the current fiscal year.
\nOverall, CFO Matthew Friend said, \u201cWe are also navigating through several external factors that create uncertainty in the current operating environment, including geopolitical dynamics, new tariffs, volatile foreign exchange rates and tax regulations, as well as the impact of this uncertainty and other macro factors on consumer confidence.\u201d
\nFedEx\u2019s quarterly results spurred investors to send the shares 4.9% lower.
\nIn the company\u2019s earnings report,\u00a0and as PYMNTS reported, for a third consecutive quarter, FedEx cut its full-year and revenue outlook.
\n\u201cOur revised earnings outlook reflects continued weakness and uncertainty in the U.S. industrial economy, which is constraining demand for our business-to-business services,\u201d said John Dietrich, FedEx Corp. executive vice president and chief financial officer.\u00a0\u00a0 The latest revenues of $22.7 billion were down 3.8% year on year.\u00a0 FedEx Express, the company\u2019s largest revenue driver, experienced a 4% decline, settling at $10.5 billion. FedEx Ground saw a 3% dip to $7.8 billion tied to an eCommerce deceleration.
\nThe post CE 100 Index Adds 2.1% as Porch Group Rallies and Tencent Surges on Earnings appeared first on PYMNTS.com.
\n", "content_text": "Over the past week, the CE 100 Index\u2019s 2.1% rally outpaced its benchmarks, driven by gains across all pillars.\n\nPorch Group led advancing names in the Index, surging more than 14.4%. Investing sites such as Tipranks reported that sell-side Wall Street firm Stephens boosted its price target on the company to $10 from $8 while keeping its \u201coverweight\u201d rating on the make (which is equivalent to a \u201cbuy\u201d rating).\u00a0 Analysts maintained that Porch\u2019s operational execution and strategic focus should help the company navigate any further macro pressures.\nTencent Surges on Earnings\nTencent\u2019s 11.6% rally led the Pay and Be Paid segment of the CE 100 Index to nearly 3% higher. \u00a0Fourth quarter earnings detailed that revenues in the quarter were up 11% year on year to about $23.9 billion, as the games segment in China showed a 23% revenue surge. The company also noted that it is seeing growth in its AI-related drive to improve and enhance operations. In a statement that accompanied the results, management stated that \u201cthese stepped-up investments will generate ongoing returns via uplifting productivity in our advertising business and longevity of our games, as well as longer term value from accelerated consumer usage of our AI applications and enterprise adoption of our AI services.\u201d\nVisa\u2019s stock was 1.1% higher.\u00a0 The company announced that, in connection with Worldpay, the payments network has launched a new Click to Pay with Visa checkout feature for online merchants in the U.K.\u00a0\u00a0 The joint efforts allow customers to complete a transaction with a single click, eliminating the need to manually enter card details. \nAnd Block, which helped lead the Pay and Be Paid segment of the CE 100 Index 2.9% higher, saw its shares gain 6.8%. The company had said earlier in the month that As had been reported last week, Block said that its Square Financial Services industrial bank has been approved by the Federal Deposit Insurance Corp. to make consumers loans directly to borrowers, using Cash App Borrow. The announcement represents a shift, as the firm had previously made the loans through its external banking partner. By bringing the loan originating and servicing functions in house, Block retains the revenue streams associated with that lending, PYMNTS noted.\nAffirm shares slipped 0.4%.\nAffirm said Wednesday (March 19) that it plans to begin furnishing information about all of its payment plans to Experian on April 1.\u00a0 The expanded data will include biweekly payment plans, Pay in 30 (single installment), Pay-in-2 and Pay-in-6 offerings.\u00a0 Affirm has maintained that expanded credit reporting will help consumers build their credit histories and enable both consumers and lenders to make more informed decisions. That data may be included in new credit scoring models developed in the future, according to the announcement.\nNike shares led to the downside among the few names that declined in the CE 100 Index, off 5.2%\nThe company posted results this past week that\u00a0saw declines across most metrics, and management commentary projected that tariffs will have a near term, negative impact on margins. Revenues were down 9% year over year to $11.3 billion, while the Street had expected a double digit-drop to the $11 billion level. CFO Matthew Friend said tariffs on imports from China and Mexico will hit margins by 4% to 5%. And revenues will decline in the midteens range, per guidance.\u00a0 Nike Direct revenues were $4.7 billion, down 12%, and driven by a 15% decline in Nike digital sales, and a 2% dip at the companies stores.\u00a0 Digital traffic is slated to be down by double digit percentage points in the current fiscal year.\nOverall, CFO Matthew Friend said, \u201cWe are also navigating through several external factors that create uncertainty in the current operating environment, including geopolitical dynamics, new tariffs, volatile foreign exchange rates and tax regulations, as well as the impact of this uncertainty and other macro factors on consumer confidence.\u201d\nFedEx\u2019s quarterly results spurred investors to send the shares 4.9% lower.\nIn the company\u2019s earnings report,\u00a0and as PYMNTS reported, for a third consecutive quarter, FedEx cut its full-year and revenue outlook.\n\u201cOur revised earnings outlook reflects continued weakness and uncertainty in the U.S. industrial economy, which is constraining demand for our business-to-business services,\u201d said John Dietrich, FedEx Corp. executive vice president and chief financial officer.\u00a0\u00a0 The latest revenues of $22.7 billion were down 3.8% year on year.\u00a0 FedEx Express, the company\u2019s largest revenue driver, experienced a 4% decline, settling at $10.5 billion. FedEx Ground saw a 3% dip to $7.8 billion tied to an eCommerce deceleration. \nThe post CE 100 Index Adds 2.1% as Porch Group Rallies and Tencent Surges on Earnings appeared first on PYMNTS.com.", "date_published": "2025-03-24T04:00:12-04:00", "date_modified": "2025-03-23T18:09:00-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/03/CE100-0324-index.jpg", "tags": [ "Affirm", "Block", "CE 100 Index", "Connected Economy", "Featured News", "FedEx", "News", "Nike", "Porch Group", "PYMNTS News", "stock market", "tencent", "Visa", "Connected Economy" ] }, { "id": "https://www.pymnts.com/?p=2516608", "url": "https://www.pymnts.com/connectedeconomy/2025/76percent-of-consumers-own-4-or-more-connected-devices/", "title": "76% of Consumers Own 4 or More Connected Devices", "content_html": "The digital landscape is dictating how consumers choose to pay, with a clear divergence emerging between tech-embracing early adopters and those content with more basic connectivity, according to a new report.
\nThe February 2025 eBook, \u201cHow People Pay: Consumer Preference for Connected Technology,\u201d delves into the relationship between consumers and their connected devices, identifying distinct \u201cTech Savvy Personas\u201d based on their affinity for and ownership of such technology.
\nThe report buckets respondents into Basic Tech, Mainstream Tech, and Connected Tech segments, revealing differences in their technology portfolios and, consequently, their payment behaviors. A key finding is the gradual expansion of consumers\u2019 technology ownership over time, with more individuals moving into the category of owning four or more connected devices. This shift is attributed to the increasing ease of access to connected devices and the growing prevalence of connectivity in everyday products.
\n![\"\"](\"https://www.pymnts.com/wp-content/uploads/2025/03/ebook-graph.jpg\")
However, the study highlights that while technology adoption is growing, most consumers appear satisfied with remaining in the basic or mainstream tech categories, suggesting that the preferences of the approximately 10% of consumers identified as Connected Tech are markedly distinct.
These tech enthusiasts, who consider being connected a top priority, own a wide array of devices beyond the traditional smartphone, laptop, and smart TV, including voice-activated devices, security systems and connected cars.
\nThis divergence in device ownership directly correlates with payment preferences, with Connected Tech consumers exhibiting a greater inclination towards digital payment methods and online shopping. The report underscores a clear trend of these advanced users moving away from physical forms of payment, embracing the convenience and seamlessness offered by mobile and contactless payment options.
\nKey data points from the report include:
\nBeyond these key findings, the report reveals other dynamics shaping consumer payment preferences. Millennials and bridge millennials are at the forefront of technology ownership, being three times more likely to be advanced users compared to baby boomers, reflecting the influence of generational exposure and purchasing power.
\nConversely, low-income consumers are more inclined to stick with essential devices like smartphones and laptops, as these provide sufficient access to the digital economy, even if income constraints limit the adoption of a wider array of connected experiences.
\nFurthermore, while ownership of device types has remained relatively stable over the past two years for most consumers, suggesting contentment with their current range of devices, Mainstream Tech consumers are relying more on mobile devices for making purchases, indicating a growing reliance on mobile shopping across broader consumer segments.
\n\n
The post 76% of Consumers Own 4 or More Connected Devices appeared first on PYMNTS.com.
\n", "content_text": "The digital landscape is dictating how consumers choose to pay, with a clear divergence emerging between tech-embracing early adopters and those content with more basic connectivity, according to a new report.\nThe February 2025 eBook, \u201cHow People Pay: Consumer Preference for Connected Technology,\u201d delves into the relationship between consumers and their connected devices, identifying distinct \u201cTech Savvy Personas\u201d based on their affinity for and ownership of such technology.\nThe report buckets respondents into Basic Tech, Mainstream Tech, and Connected Tech segments, revealing differences in their technology portfolios and, consequently, their payment behaviors. A key finding is the gradual expansion of consumers\u2019 technology ownership over time, with more individuals moving into the category of owning four or more connected devices. This shift is attributed to the increasing ease of access to connected devices and the growing prevalence of connectivity in everyday products.\nHowever, the study highlights that while technology adoption is growing, most consumers appear satisfied with remaining in the basic or mainstream tech categories, suggesting that the preferences of the approximately 10% of consumers identified as Connected Tech are markedly distinct.\nThese tech enthusiasts, who consider being connected a top priority, own a wide array of devices beyond the traditional smartphone, laptop, and smart TV, including voice-activated devices, security systems and connected cars.\nThis divergence in device ownership directly correlates with payment preferences, with Connected Tech consumers exhibiting a greater inclination towards digital payment methods and online shopping. The report underscores a clear trend of these advanced users moving away from physical forms of payment, embracing the convenience and seamlessness offered by mobile and contactless payment options.\nKey data points from the report include:\n\n76% of consumers now possess four or more connected devices, indicating a broad trend towards greater technological integration in daily life. This growth suggests that the definition of essential technology is expanding beyond traditional devices.\nOnly 10% of consumers are classified as Connected Tech consumers, highlighting the gap between early adopters who embrace a wide range of connected devices and the majority who remain in the Basic or Mainstream Tech categories. This distinct segment drives much of the innovation in digital payment adoption.\n48% of Connected Tech users used a digital wallet in the last 30 days, making them 50% more likely to do so compared to owners of basic devices. This demonstrates a strong preference for digital payment methods among those with a higher ownership of connected technology.\n\nBeyond these key findings, the report reveals other dynamics shaping consumer payment preferences. Millennials and bridge millennials are at the forefront of technology ownership, being three times more likely to be advanced users compared to baby boomers, reflecting the influence of generational exposure and purchasing power.\nConversely, low-income consumers are more inclined to stick with essential devices like smartphones and laptops, as these provide sufficient access to the digital economy, even if income constraints limit the adoption of a wider array of connected experiences.\nFurthermore, while ownership of device types has remained relatively stable over the past two years for most consumers, suggesting contentment with their current range of devices, Mainstream Tech consumers are relying more on mobile devices for making purchases, indicating a growing reliance on mobile shopping across broader consumer segments.\n \nThe post 76% of Consumers Own 4 or More Connected Devices appeared first on PYMNTS.com.", "date_published": "2025-03-24T04:00:01-04:00", "date_modified": "2025-03-23T21:34:38-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/03/connected-devices.jpg", "tags": [ "connected devices", "Connected Economy", "data point", "Digital Payments", "Featured News", "Mobile Payments", "Mobile shopping", "new", "PYMNTS Intelligence", "PYMNTS News", "The Data Point", "Connected Economy" ] }, { "id": "https://www.pymnts.com/?p=2512628", "url": "https://www.pymnts.com/connectedeconomy/2025/ce-100-index-dips-3-3-led-by-irobots-plunge-on-doubts-about-its-future/", "title": "CE 100 Index Dips 3.3%, Led by iRobot\u2019s Plunge on Doubts About Its Future", "content_html": "It was another week of volatility on Wall Street \u2013\u2014and another week that saw our CE 100 Index subsets marching in lockstep. \u00a0
\nAll components of the Index were lower as trade wars and tariffs roiled markets, and overall, the CE 100 names were 3.3% lower, which was worse than had been seen in the overall markets.\u00a0 There have been notable headlines surrounding the impact of macro concerns on end-market demand.
\n![\"\"](\"https://www.pymnts.com/wp-content/uploads/2025/03/CE100-0317.jpg\")
iRobot shares plummeted 47%, as the Live segment of the CE 100 Index was the pillar to post the steepest drop, declining by 9.1%
\nThe company said in its most recent earnings report that it had \u201csubstantial doubt\u201d about its ability to continue as a going concern \u2014 which, we note, is Wall Street language that raises the specter that the firm faces an uncertain future. The company cited uncertainty tied to consumer demand, competition, macroeconomic conditions and tariff policies.
\nThe company\u2019s board of directors has initiated a formal strategic review to consider a potential sale or strategic transaction, refinancing the company\u2019s debt and other alternatives, iRobot said.
\nThe company also said that since implementing its operational restructuring plan in January 2024, it has reduced its headcount by more than 50%, lowered its sales and marketing expenses, decreased inventory and cash outflows, and significantly reduced the cost of its products. The company launched its restructuring in January 2024 when a planned acquisition by Amazon fell through.\u00a0 In the most recent quarter, revenues declined to $172 million from $307.5 million in the year-ago December period.
\nDelta shares dipped by more than 12%. \u00a0The airline\u2019s shares sank in the Move segment of the CE 100 Index, which declined by about 6%. Due to softer domestic demand, Delta revised its March quarter outlook downward compared to the guidance it provided on Jan. 10. The airline now expects its total revenue to grow 3% to 4% year over year during the March quarter, down from its earlier guidance of 7% to 9% \u2014 its operating margin to be 4% to 5%, down from its previous guidance of 6% to 8%.\u00a0 Consumer and corporate confidence has waned on increased macro uncertainty, according to commentary from Delta.
\nAdobe\u2019s 12.6% loss for the week came as the Work segment was off by 2%. The company reported earnings this past week, where fiscal first quarter revenues were up 11% in constant currency to $5.7 billion.\u00a0 However, revenue guidance that topped out at $5.82 billion for the current quarter fell short of Street estimates.
\nDespite the overall slide, there were a few bright spots.
\nPeloton shares gained 13.5% even though the Be Well segment of the CE 100 Index was 0.8% lower.
\nInvesting sites such as Investopedia noted the positive momentum as Canaccord Genuity upgraded the company\u2019s stock to \u201cbuy\u201d from \u201chold.\u201d\u00a0 In the note announcing the upgrade, analysts pointed to the contention that the firm is a \u201cclear leader in the connected fitness industry,\u201d\u00a0 with a \u201cloyal member base\u201d of 6 million members.\u00a0
\nNvidia surged nearly 8% on the week.
\nPYMNTS noted that Nvidia CEO Jensen Huang is reportedly working to make sure the chip maker has a secure foundation in case the demand driven by artificial intelligence (AI) systems slows down.\u00a0 Bloomberg reported that with Nvidia\u2019s annual conference set to be held next week, it is expected that Huang will highlight the company\u2019s wide-ranging efforts to find \u201cthe next frontier in AI.\u201d
\nThe post CE 100 Index Dips 3.3%, Led by iRobot\u2019s Plunge on Doubts About Its Future appeared first on PYMNTS.com.
\n", "content_text": "It was another week of volatility on Wall Street \u2013\u2014and another week that saw our CE 100 Index subsets marching in lockstep. \u00a0\nAll components of the Index were lower as trade wars and tariffs roiled markets, and overall, the CE 100 names were 3.3% lower, which was worse than had been seen in the overall markets.\u00a0 There have been notable headlines surrounding the impact of macro concerns on end-market demand.\n\niRobot shares plummeted 47%, as the Live segment of the CE 100 Index was the pillar to post the steepest drop, declining by 9.1%\nThe company said in its most recent earnings report that it had \u201csubstantial doubt\u201d about its ability to continue as a going concern \u2014 which, we note, is Wall Street language that raises the specter that the firm faces an uncertain future. The company cited uncertainty tied to consumer demand, competition, macroeconomic conditions and tariff policies.\nThe company\u2019s board of directors has initiated a formal strategic review to consider a potential sale or strategic transaction, refinancing the company\u2019s debt and other alternatives, iRobot said.\nThe company also said that since implementing its operational restructuring plan in January 2024, it has reduced its headcount by more than 50%, lowered its sales and marketing expenses, decreased inventory and cash outflows, and significantly reduced the cost of its products. The company launched its restructuring in January 2024 when a planned acquisition by Amazon fell through.\u00a0 In the most recent quarter, revenues declined to $172 million from $307.5 million in the year-ago December period.\nDelta Notes Waning Consumer and Corporate Confidence \nDelta shares dipped by more than 12%. \u00a0The airline\u2019s shares sank in the Move segment of the CE 100 Index, which declined by about 6%. Due to softer domestic demand, Delta revised its March quarter outlook downward compared to the guidance it provided on Jan. 10. The airline now expects its total revenue to grow 3% to 4% year over year during the March quarter, down from its earlier guidance of 7% to 9% \u2014 its operating margin to be 4% to 5%, down from its previous guidance of 6% to 8%.\u00a0 Consumer and corporate confidence has waned on increased macro uncertainty, according to commentary from Delta.\nAdobe\u2019s 12.6% loss for the week came as the Work segment was off by 2%. The company reported earnings this past week, where fiscal first quarter revenues were up 11% in constant currency to $5.7 billion.\u00a0 However, revenue guidance that topped out at $5.82 billion for the current quarter fell short of Street estimates.\nDespite the overall slide, there were a few bright spots. \nPeloton shares gained 13.5% even though the Be Well segment of the CE 100 Index was 0.8% lower.\nInvesting sites such as Investopedia noted the positive momentum as Canaccord Genuity upgraded the company\u2019s stock to \u201cbuy\u201d from \u201chold.\u201d\u00a0 In the note announcing the upgrade, analysts pointed to the contention that the firm is a \u201cclear leader in the connected fitness industry,\u201d\u00a0 with a \u201cloyal member base\u201d of 6 million members.\u00a0 \nNvidia surged nearly 8% on the week.\nPYMNTS noted that Nvidia CEO Jensen Huang is reportedly working to make sure the chip maker has a secure foundation in case the demand driven by artificial intelligence (AI) systems slows down.\u00a0 Bloomberg reported that with Nvidia\u2019s annual conference set to be held next week, it is expected that Huang will highlight the company\u2019s wide-ranging efforts to find \u201cthe next frontier in AI.\u201d\nThe post CE 100 Index Dips 3.3%, Led by iRobot\u2019s Plunge on Doubts About Its Future appeared first on PYMNTS.com.", "date_published": "2025-03-17T04:00:36-04:00", "date_modified": "2025-03-17T01:10:52-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/03/CE100-Index-031725.jpg", "tags": [ "Adobe", "CE 100 Index", "Connected Economy", "Delta", "Featured News", "Investments", "Investopedia", "iRobot", "News", "NVIDIA", "Peloton", "PYMNTS News", "stock market", "Connected Economy" ] }, { "id": "https://www.pymnts.com/?p=2510778", "url": "https://www.pymnts.com/connectedeconomy/2025/3-connected-consumer-segments-will-define-commerce-next-decade/", "title": "These 3 Connected Consumer Segments Will Define Commerce\u2019s Next Decade", "content_html": "Once relegated to simple card-present transactions, digital payments today are deeply embedded into and across a web of connected devices, ultimately driving more personalized experiences and frictionless commerce.
\nThe PYMNTS Intelligence report \u201cHow People Pay: Consumer Preference for Connected Technology\u201d found that 76% of now own four or more connected devices, a testament to the increasing ubiquity of smart technology.
\nAs emerging technologies integrate with consumers\u2019 daily lives, the evolution of digital payments is becoming more than just a matter of convenience. It\u2019s defining the future of economic transactions.
\nThe PYMNTS Intelligence findings illustrated a clear correlation between device ownership and payment behavior. The more connected a consumer is, the more likely they are to engage in digital transactions, adopt alternative payment methods, and move away from traditional cash-based purchases.
\nBut consumers aren\u2019t one-size-fits-all, and the study categorizes consumers into three distinct technology personas. Understanding what defines their individual payments behavior could be crucial to anticipating what\u2019s coming next.
\nRead also: Decoding the Connected Consumer: Personas, Preferences and Payment Strategies
\nThe demographic breakdown of payment trends revealed that millennials and bridge millennials (ages 30-45) are three times more likely to be advanced tech users than baby boomers. Having come of age in the digital era, these generations prioritize convenience and innovation in payments.
\nTheir growing purchasing power makes them a focal point for businesses seeking to adapt. Unlike Generation Z, which is still building financial independence, millennials are in their peak earning years. They expect payments to be embedded within their lifestyle. For retailers and financial institutions, this means a pressing need to optimize payment experiences for mobile-first interactions.
\nAcross all generations, three consumer segments emerged.
\nThe data showed that Connected Tech Users are 50% more likely to use a digital wallet than those in the Basic Tech category. Consumers are increasingly relying on Apple Pay, Google Pay and PayPal for frictionless transactions, whether shopping online or in-store.
\nThe near-elimination of cash in everyday purchases further supports the notion that physical currency is on the decline, especially among tech-savvy consumers. According to the report, 60% of Connected Tech Users have not used physical money in the last 30 days, a 34% increase from three years ago.
\nRetailers and the food industry are feeling the ripple effects of payments innovation. The study highlighted that 35% of Connected Tech Users made their most recent retail purchase online, compared to 24% of Basic Tech Users. This suggests that the proliferation of smart devices is making digital commerce the norm, rather than the exception.
\nIn the restaurant sector, similar trends emerged. Mobile ordering, QR code payments and contactless transactions are becoming integral to the dining experience. While 15.8% of Basic Tech Users made a restaurant purchase online, that number jumped to 20.6% among Connected Tech Users.
\nThe implications for businesses are clear. If retailers and restaurants want to stay competitive, they must optimize their digital ordering and payment processes. Seamless checkout experiences, loyalty program integration and artificial intelligence-driven personalization will be the differentiators.
\nUltimately, for businesses, the challenge isn\u2019t just keeping up; it\u2019s anticipating what\u2019s next. Payment innovation isn\u2019t just a matter of financial transactions \u2014 it\u2019s a fundamental shift in how we experience commerce.
\nThe post These 3 Connected Consumer Segments Will Define Commerce\u2019s Next Decade appeared first on PYMNTS.com.
\n", "content_text": "Once relegated to simple card-present transactions, digital payments today are deeply embedded into and across a web of connected devices, ultimately driving more personalized experiences and frictionless commerce.\nThe PYMNTS Intelligence report \u201cHow People Pay: Consumer Preference for Connected Technology\u201d found that 76% of now own four or more connected devices, a testament to the increasing ubiquity of smart technology.\nAs emerging technologies integrate with consumers\u2019 daily lives, the evolution of digital payments is becoming more than just a matter of convenience. It\u2019s defining the future of economic transactions.\nThe PYMNTS Intelligence findings illustrated a clear correlation between device ownership and payment behavior. The more connected a consumer is, the more likely they are to engage in digital transactions, adopt alternative payment methods, and move away from traditional cash-based purchases.\nBut consumers aren\u2019t one-size-fits-all, and the study categorizes consumers into three distinct technology personas. Understanding what defines their individual payments behavior could be crucial to anticipating what\u2019s coming next.\nRead also: Decoding the Connected Consumer: Personas, Preferences and Payment Strategies\nKey Consumer Segments to Target in the Connected Economy\nThe demographic breakdown of payment trends revealed that millennials and bridge millennials (ages 30-45) are three times more likely to be advanced tech users than baby boomers. Having come of age in the digital era, these generations prioritize convenience and innovation in payments.\nTheir growing purchasing power makes them a focal point for businesses seeking to adapt. Unlike Generation Z, which is still building financial independence, millennials are in their peak earning years. They expect payments to be embedded within their lifestyle. For retailers and financial institutions, this means a pressing need to optimize payment experiences for mobile-first interactions.\nAcross all generations, three consumer segments emerged.\n\nBasic Tech Users: Individuals with minimal connected devices, often limited to a smartphone, laptop or television.\nMainstream Tech Users: A step ahead, owning a wider range of connected devices including tablets, game consoles and smartwatches.\nConnected Tech Users: The most advanced segment, embracing an ecosystem of devices such as voice-activated speakers, smart security systems and augmented reality headsets.\n\nThe data showed that Connected Tech Users are 50% more likely to use a digital wallet than those in the Basic Tech category. Consumers are increasingly relying on Apple Pay, Google Pay and PayPal for frictionless transactions, whether shopping online or in-store.\nThe near-elimination of cash in everyday purchases further supports the notion that physical currency is on the decline, especially among tech-savvy consumers. According to the report, 60% of Connected Tech Users have not used physical money in the last 30 days, a 34% increase from three years ago.\nHow Payments Innovation Is Reshaping the Connected Economy\nRetailers and the food industry are feeling the ripple effects of payments innovation. The study highlighted that 35% of Connected Tech Users made their most recent retail purchase online, compared to 24% of Basic Tech Users. This suggests that the proliferation of smart devices is making digital commerce the norm, rather than the exception.\nIn the restaurant sector, similar trends emerged. Mobile ordering, QR code payments and contactless transactions are becoming integral to the dining experience. While 15.8% of Basic Tech Users made a restaurant purchase online, that number jumped to 20.6% among Connected Tech Users.\nThe implications for businesses are clear. If retailers and restaurants want to stay competitive, they must optimize their digital ordering and payment processes. Seamless checkout experiences, loyalty program integration and artificial intelligence-driven personalization will be the differentiators.\nUltimately, for businesses, the challenge isn\u2019t just keeping up; it\u2019s anticipating what\u2019s next. Payment innovation isn\u2019t just a matter of financial transactions \u2014 it\u2019s a fundamental shift in how we experience commerce.\nThe post These 3 Connected Consumer Segments Will Define Commerce\u2019s Next Decade appeared first on PYMNTS.com.", "date_published": "2025-03-13T04:00:40-04:00", "date_modified": "2025-03-12T12:59:29-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/03/connected-commerce-digital-transformation.jpg", "tags": [ "connected commerce", "Connected Economy", "Contactless", "Digital Ordering", "Digital Payments", "digital transformation", "digital wallets", "ecommerce", "Embedded Payments", "Featured News", "food and beverage", "How People Pay: Consumer Preference for Connected Technology", "Millennials", "Mobile Wallets", "News", "PYMNTS Intelligence", "PYMNTS News", "PYMNTS Study", "Restaurants", "Retail", "Technology", "Connected Economy" ] }, { "id": "https://www.pymnts.com/?p=2508775", "url": "https://www.pymnts.com/connectedeconomy/2025/ce-100-index-plunges-4-3-as-payment-and-banking-names-slide-on-tariff-volatility/", "title": "CE 100 Index Plunges 4.3% as Payment and Banking Names Slide on Tariff Volatility", "content_html": "It was a rough week for the CE 100 Index, which lost 4.3% across five days of trading, outpacing the losses seen in all other benchmarks, from the NASDAQ to the Dow.
\nMacro concerns weighed on the markets in general, as tariffs went into effect early in the week, and then were modified, clouding at least some visibility on enterprises\u2019 planning across supply chains \u2014 and for consumer spending too. Through the week, as reported here, job growth slowed, in figures that have yet to reflect the widespread cuts to staffing levels at several government agencies.
\nOnly one of the 11 pillars \u2014 the Communicate pillar \u2014 gained ground, up 0.9%.
\n![\"CE](\"https://www.pymnts.com/wp-content/uploads/2025/03/CE-100-Index-031025.jpg\")
Banking stocks led to the downside, down by more than 7.9%.\u00a0 Banks, of course, would be among the firms impacted by tariffs as the lending environment becomes even more uncertain. \u00a0\u00a0
\nCitigroup shares dipped 11.9%.\u00a0 The shares slid in the wake of widely reported news at the end of the month: the bank accidentally credited a client\u2019s account with $81 trillion \u2014 when $280 had been the intended amount to send \u2014 and then quickly repaired that mistake.
\nLendingClub lost 12.5%.\u00a0 J.P. Morgan was 8.5% lower, amid reports that the Consumer Financial Protection Bureau (CFPB) dropped its lawsuit targeting the operator and three owner banks of Zelle. The CFPB has dismissed the action against Early Warning Services, J.P. Morgan Chase, Bank of America and Wells Fargo \u201cwith prejudice,\u201d which means the suit cannot be revived.\u00a0
\nIn the Enablers segment, which slid 3.7%, MongoDB shares plummeted by nearly 30%.\u00a0 In the company\u2019s most recent earnings results, announced this past week, guidance of between $2.24 billion to $2.28 billion in revenues for the current fiscal year fell short of expectations for $2.32 billion in the firm\u2019s consolidated top line. The revenue growth would mark a significant slowdown from the fiscal fourth quarter revenue growth of 20% and the slowest pace since the company began trading on public markets back in 2017.\u00a0 Atlas, the firm\u2019s database offering, is seeing slower growth, according to management commentary on the conference call.
\nWithin the Pay and be Paid pillar of the CE 100 Index, (off by 5.4%), BNPL names declined by significant amounts, leading that segment lower. The key names in this space have been especially volatile in the wake of earnings reports.\u00a0\u00a0 This past week, the Federal Reserve noted pressures on consumer spending.
\nSezzle shares slipped 21.9%.\u00a0 Affirm shares gave up 19%.\u00a0 In an announcement, \u00a0Affirm said that it has added Stitch Fix to its merchant network.
\nTencent countered some of those losses, up 9.3%.
\nAs reported by PYMNTS, Tencent said its new artificial intelligence model is faster than that of DeepSeek. The company\u2019s Hunyuan Turbo S AI model has been designed to provide instant responses \u2014 a design that distinguishes itself from the deep reasoning offered by China\u2019s DeepSeek.
\nWestern Union was up 7.3%.\u00a0 The company said at the end of the month it was launching an international money transfer service with Saudi Arabia\u2019s urpay tied to the urpay wallet, enabling customers to seamlessly send money to friends and family globally.
\nVisa and Mastercard moved this past week on the news that they are facing regulatory action in the United Kingdom following a payments watchdog\u2019s investigation. As reported, the Payment Systems Regulator (PSR) is considering \u201cremedies\u201d for the two companies amid allegations the card market is uncompetitive. Mastercard emailed a statement to PYMNTS that countered, \u201cWe disagree with the findings in [the] report, which continues to underplay the true competitiveness of the payment industry and our ongoing innovation and investment into security and the consumer experience.\u201d\u00a0 Visa shares slipped 4.8%; Mastercard\u2019s stock lost 5.2%.
\nThe post CE 100 Index Plunges 4.3% as Payment and Banking Names Slide on Tariff Volatility appeared first on PYMNTS.com.
\n", "content_text": "It was a rough week for the CE 100 Index, which lost 4.3% across five days of trading, outpacing the losses seen in all other benchmarks, from the NASDAQ to the Dow.\nMacro concerns weighed on the markets in general, as tariffs went into effect early in the week, and then were modified, clouding at least some visibility on enterprises\u2019 planning across supply chains \u2014 and for consumer spending too. Through the week, as reported here, job growth slowed, in figures that have yet to reflect the widespread cuts to staffing levels at several government agencies.\nOnly one of the 11 pillars \u2014 the Communicate pillar \u2014 gained ground, up 0.9%.\n\nBanking stocks led to the downside, down by more than 7.9%.\u00a0 Banks, of course, would be among the firms impacted by tariffs as the lending environment becomes even more uncertain. \u00a0\u00a0\nCitigroup shares dipped 11.9%.\u00a0 The shares slid in the wake of widely reported news at the end of the month: the bank accidentally credited a client\u2019s account with $81 trillion \u2014 when $280 had been the intended amount to send \u2014 and then quickly repaired that mistake. \nLendingClub lost 12.5%.\u00a0 J.P. Morgan was 8.5% lower, amid reports that the Consumer Financial Protection Bureau (CFPB) dropped its lawsuit targeting the operator and three owner banks of Zelle. The CFPB has dismissed the action against Early Warning Services, J.P. Morgan Chase, Bank of America and Wells Fargo \u201cwith prejudice,\u201d which means the suit cannot be revived.\u00a0 \nMongoDB Leads to the Downside \nIn the Enablers segment, which slid 3.7%, MongoDB shares plummeted by nearly 30%.\u00a0 In the company\u2019s most recent earnings results, announced this past week, guidance of between $2.24 billion to $2.28 billion in revenues for the current fiscal year fell short of expectations for $2.32 billion in the firm\u2019s consolidated top line. The revenue growth would mark a significant slowdown from the fiscal fourth quarter revenue growth of 20% and the slowest pace since the company began trading on public markets back in 2017.\u00a0 Atlas, the firm\u2019s database offering, is seeing slower growth, according to management commentary on the conference call.\nPayment Names Slide \nWithin the Pay and be Paid pillar of the CE 100 Index, (off by 5.4%), BNPL names declined by significant amounts, leading that segment lower. The key names in this space have been especially volatile in the wake of earnings reports.\u00a0\u00a0 This past week, the Federal Reserve noted pressures on consumer spending.\nSezzle shares slipped 21.9%.\u00a0 Affirm shares gave up 19%.\u00a0 In an announcement, \u00a0Affirm said that it has added Stitch Fix to its merchant network.\nTencent countered some of those losses, up 9.3%.\nAs reported by PYMNTS, Tencent said its new artificial intelligence model is faster than that of DeepSeek. The company\u2019s Hunyuan Turbo S AI model has been designed to provide instant responses \u2014 a design that distinguishes itself from the deep reasoning offered by China\u2019s DeepSeek.\nWestern Union was up 7.3%.\u00a0 The company said at the end of the month it was launching an international money transfer service with Saudi Arabia\u2019s urpay tied to the urpay wallet, enabling customers to seamlessly send money to friends and family globally. \nVisa and Mastercard moved this past week on the news that they are facing regulatory action in the United Kingdom following a payments watchdog\u2019s investigation. As reported, the Payment Systems Regulator (PSR) is considering \u201cremedies\u201d for the two companies amid allegations the card market is uncompetitive. Mastercard emailed a statement to PYMNTS that countered, \u201cWe disagree with the findings in [the] report, which continues to underplay the true competitiveness of the payment industry and our ongoing innovation and investment into security and the consumer experience.\u201d\u00a0 Visa shares slipped 4.8%; Mastercard\u2019s stock lost 5.2%. \nThe post CE 100 Index Plunges 4.3% as Payment and Banking Names Slide on Tariff Volatility appeared first on PYMNTS.com.", "date_published": "2025-03-10T04:00:54-04:00", "date_modified": "2025-03-09T23:21:02-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/03/CE-100-Index-031025-stocks.jpg", "tags": [ "Affirm", "CE 100 Index", "Citigroup", "Connected Economy", "Featured News", "Investments", "J.P. Morgan", "LendingClub", "mongoDB", "News", "PYMNTS News", "stock market", "tencent", "western union", "Connected Economy" ] }, { "id": "https://www.pymnts.com/?p=2504199", "url": "https://www.pymnts.com/connectedeconomy/2025/ce-100-index-slips-1percent-as-c3-ai-and-nvidia-drag-enablers-group-lower/", "title": "CE 100 Index Slips 1.3% as C3.ai and Nvidia Drag Enablers Group Lower", "content_html": "The wild roller coaster of post-earnings stock gyrations continued to impact the CE 100 Index, which gave up 1.3% through the past week \u2014 while broader market measures were mixed.
\nEight of 11 pillars were lower, and February proved to be a month awash in red, as the CE 100 name, overall, was 2.1% lower.
\n![\"\"](\"https://www.pymnts.com/wp-content/uploads/2025/03/CE100-0303.jpg\")
Porch Group shares surged more than 61%, propelling the Live pillar of the CE 100 Index 5.4% higher. Though revenues were 12% lower through the most recent quarter, profitability metrics improved, as EBITDA (a rough measure of cash flow) was nearly $42 million, up $30.1 million from a year ago \u2014 and that measure was ahead of expectations.\u00a0 The company noted in its earnings release that \u201cpremium growth has restarted, \u201cwhere in the quarter, new business premiums increased 50% compared to the prior year and \u201calready in Q1 2025 new business premiums are double versus the prior year.\u201d
\nWithin the Eat segment of the CE 100 Index, which gained 5.2%, Dominos shares gathered 5.9%, building back some losses sustained in the wake of its own earnings report earlier last month, as revenues gained 2.9% in the fourth quarter, to $1.4 billion, and same store sales gathered 0.4%.
\nHowever, the Enablers vertical of the CE 100 Index was 4.2% lower, as AI-related headlines and earnings dominated the space. \u00a0C3.ai shares led to the downside, plunging more than 17%.\u00a0 The company said in its earnings report last week that in its fiscal third quarter, revenue growth, year over year, was 26%, where that metric had been 29% in the previous quarter; subscription revenues were 22% higher in the most recent period, which was flat compared to the fiscal second quarter.\u00a0 Forward-looking guidance anticipates year-over-year revenue growth for the current fiscal fourth quarter of between 20% to 31%.
\nNvidia shares declined 7.8%.
\nAs PYMNTS reported, Nvidia CEO Jensen Huang said sales of the company\u2019s most advanced chip architecture hit a record in the fourth quarter.\u00a0 Asked about headwinds from U.S. export controls of its most advanced chips to China, the company\u2019s second-largest market, Nvidia officials said sales of its chips to China are about half from what they were before export restrictions. But as a percentage of revenue, it has remained the same. Nvidia said the impact is unknown and will depend on the timing, countries affected and the size of the tariffs.\u00a0For the first quarter of fiscal 2026, Nvidia expects to record revenue of $43 billion, plus or minus 2%. Analysts are expecting revenue of $42.05 billion.
\nPayment names were, as a group, 1.7% lower.
\nPayPal lost roughly 6%. We noted in our own reporting on last week\u2019s investor day that the company is bolstering its omnichannel efforts under its \u201cunified commerce\u201d approach,\u00a0 as CEO Alex Chriss said PayPal continues its transformation from \u201ca payments company to a commerce platform.\u201d The event was held the same day the company announced PayPal Open, its new merchant platform, expanded efforts with Verifone to \u201cwin checkout\u201d and detailed a broadening of its strategic pact with J.P. Morgan Payments to expand merchant acquiring and launch Fastlane in Europe and the U.K.
\nDiego Scotti, general manager of the company\u2019s consumer group, said that PayPal\u2019s \u201cpay everywhere\u201d efforts would include tap-to-pay, credit, and pay-later products and that debit has shown particular promise, as total payment volume (TPV) via debit cards has grown 100% year on year.
\nFrank Keller, GM of large enterprise, said that the company has been \u201claser focused on reimagining our checkout experiences,\u201d and said that Fastlane has gained momentum, with more than 170 million accounts in the U.S. that are \u201cFastlane ready,\u201d where merchants will see conversion lifts of 50% in guest checkouts. The company\u2019s overall plan is to accelerate TPV by 8% to 10% in 2027, he said, and volumes should grow at eCommerce levels.
\nMastercard shares moved this week on news that payments firm Unzer has debuted a pay-by-bank tool in conjunction with the payments network. Unzer Direct Transfer is an open banking-powered method that lets consumers pay directly from bank accounts without needing a credit or debit card.\u00a0 Mastercard shares gained 3.4%.
\nThe post CE 100 Index Slips 1.3% as C3.ai and Nvidia Drag Enablers Group Lower appeared first on PYMNTS.com.
\n", "content_text": "The wild roller coaster of post-earnings stock gyrations continued to impact the CE 100 Index, which gave up 1.3% through the past week \u2014 while broader market measures were mixed.\nEight of 11 pillars were lower, and February proved to be a month awash in red, as the CE 100 name, overall, was 2.1% lower.\n\nPorch Group shares surged more than 61%, propelling the Live pillar of the CE 100 Index 5.4% higher. Though revenues were 12% lower through the most recent quarter, profitability metrics improved, as EBITDA (a rough measure of cash flow) was nearly $42 million, up $30.1 million from a year ago \u2014 and that measure was ahead of expectations.\u00a0 The company noted in its earnings release that \u201cpremium growth has restarted, \u201cwhere in the quarter, new business premiums increased 50% compared to the prior year and \u201calready in Q1 2025 new business premiums are double versus the prior year.\u201d\nWithin the Eat segment of the CE 100 Index, which gained 5.2%, Dominos shares gathered 5.9%, building back some losses sustained in the wake of its own earnings report earlier last month, as revenues gained 2.9% in the fourth quarter, to $1.4 billion, and same store sales gathered 0.4%. \nAI Names Push Enablers Pillar Lower\nHowever, the Enablers vertical of the CE 100 Index was 4.2% lower, as AI-related headlines and earnings dominated the space. \u00a0C3.ai shares led to the downside, plunging more than 17%.\u00a0 The company said in its earnings report last week that in its fiscal third quarter, revenue growth, year over year, was 26%, where that metric had been 29% in the previous quarter; subscription revenues were 22% higher in the most recent period, which was flat compared to the fiscal second quarter.\u00a0 Forward-looking guidance anticipates year-over-year revenue growth for the current fiscal fourth quarter of between 20% to 31%.\nNvidia shares declined 7.8%.\nAs PYMNTS reported, Nvidia CEO Jensen Huang said sales of the company\u2019s most advanced chip architecture hit a record in the fourth quarter.\u00a0 Asked about headwinds from U.S. export controls of its most advanced chips to China, the company\u2019s second-largest market, Nvidia officials said sales of its chips to China are about half from what they were before export restrictions. But as a percentage of revenue, it has remained the same. Nvidia said the impact is unknown and will depend on the timing, countries affected and the size of the tariffs.\u00a0For the first quarter of fiscal 2026, Nvidia expects to record revenue of $43 billion, plus or minus 2%. Analysts are expecting revenue of $42.05 billion.\nPayment names were, as a group, 1.7% lower. \nPayPal lost roughly 6%. We noted in our own reporting on last week\u2019s investor day that the company is bolstering its omnichannel efforts under its \u201cunified commerce\u201d approach,\u00a0 as CEO Alex Chriss said PayPal continues its transformation from \u201ca payments company to a commerce platform.\u201d The event was held the same day the company announced PayPal Open, its new merchant platform, expanded efforts with Verifone to \u201cwin checkout\u201d and detailed a broadening of its strategic pact with J.P. Morgan Payments to expand merchant acquiring and launch Fastlane in Europe and the U.K.\nDiego Scotti, general manager of the company\u2019s consumer group, said that PayPal\u2019s \u201cpay everywhere\u201d efforts would include tap-to-pay, credit, and pay-later products and that debit has shown particular promise, as total payment volume (TPV) via debit cards has grown 100% year on year. \nFrank Keller, GM of large enterprise, said that the company has been \u201claser focused on reimagining our checkout experiences,\u201d and said that Fastlane has gained momentum, with more than 170 million accounts in the U.S. that are \u201cFastlane ready,\u201d where merchants will see conversion lifts of 50% in guest checkouts. The company\u2019s overall plan is to accelerate TPV by 8% to 10% in 2027, he said, and volumes should grow at eCommerce levels.\nMastercard shares moved this week on news that payments firm Unzer has debuted a pay-by-bank tool in conjunction with the payments network. Unzer Direct Transfer is an open banking-powered method that lets consumers pay directly from bank accounts without needing a credit or debit card.\u00a0 Mastercard shares gained 3.4%.\nThe post CE 100 Index Slips 1.3% as C3.ai and Nvidia Drag Enablers Group Lower appeared first on PYMNTS.com.", "date_published": "2025-03-03T04:00:04-05:00", "date_modified": "2025-03-02T22:43:36-05:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/03/CE100-Index-0303.jpg", "tags": [ "C3.ai", "Connected Economy", "Domino's", "Featured News", "Investments", "MasterCard", "News", "NVIDIA", "PayPal", "Porch Group", "PYMNTS News", "stock market", "Connected Economy" ] }, { "id": "https://www.pymnts.com/?p=2503883", "url": "https://www.pymnts.com/connectedeconomy/2025/microsoft-to-retire-skype-in-may-focus-on-teams/", "title": "Microsoft to Retire Skype in May, Focus on Teams", "content_html": "Microsoft said Friday (Feb. 28) that it will retire\u00a0Skype in May and focus on\u00a0Microsoft Teams\u00a0as its communications and collaboration hub.
\nThis move will allow the company to streamline its free consumer communications offerings and more easily adapt to customer needs,\u00a0Jeff Teper, president, collaborative apps\u00a0and platforms at Microsoft, wrote in a Friday\u00a0blog post.
\n\u201cHundreds of millions of people already use Teams as their hub for teamwork, helping them stay connected and engaged at work, school and home,\u201d Teper said in the post. \u201cIn the past two years, the number of minutes spent in meetings by consumer users of Teams have grown 4X, reflecting the value Teams brings to everyday communication and collaboration.\u201d
\nTeams provides\u00a0many of the features of Skype \u2014 one-on-one calls and group calls, messaging and file sharing \u2014 while also offering additional ones like hosting meetings, managing calendars, and building and joining communities, Teper said.
\nDuring the transition period, users can sign into Teams (free) with their Skype credentials, which will make their Skype chats and contacts appear in Teams, and call and chat with users of both Teams and Skype, according to the post.
\nIf they don\u2019t\u00a0want to migrate to Teams, Skype users can export their data, including chats, contacts and call history, the post said.
\nSkype will remain available until May 5, per the post.
\n\u201cWe\u2019re excited about the new opportunities that Teams brings are are committed to helping you stay connected in new and meaningful ways,\u201d Teper said in the post.
\nSkype was founded in 2003 by Nordic entrepreneurs, was later owned by\u00a0eBay and a private equity-led consortium, and\u00a0then was acquired by Microsoft in 2011 for $8.5 billion, Bloomberg\u00a0reported Friday.
\nThe service lost ground to smartphone-native communication apps,\u00a0Zoom and\u00a0Slack, the report said.
\nMicrosoft launched Teams in 181 markets around the globe in March 2017, with the product initially being a\u00a0chat-focused workspace for Office 365.
\nThe company added a\u00a0free version of Teams in July 2018, saying this version was designed for freelancers, small business owners and teams inside larger organizations that didn\u2019t\u00a0have commercial Office 365 subscriptions.
\nThe post Microsoft to Retire Skype in May, Focus on Teams appeared first on PYMNTS.com.
\n", "content_text": "Microsoft said Friday (Feb. 28) that it will retire\u00a0Skype in May and focus on\u00a0Microsoft Teams\u00a0as its communications and collaboration hub.\nThis move will allow the company to streamline its free consumer communications offerings and more easily adapt to customer needs,\u00a0Jeff Teper, president, collaborative apps\u00a0and platforms at Microsoft, wrote in a Friday\u00a0blog post.\n\u201cHundreds of millions of people already use Teams as their hub for teamwork, helping them stay connected and engaged at work, school and home,\u201d Teper said in the post. \u201cIn the past two years, the number of minutes spent in meetings by consumer users of Teams have grown 4X, reflecting the value Teams brings to everyday communication and collaboration.\u201d\nTeams provides\u00a0many of the features of Skype \u2014 one-on-one calls and group calls, messaging and file sharing \u2014 while also offering additional ones like hosting meetings, managing calendars, and building and joining communities, Teper said.\nDuring the transition period, users can sign into Teams (free) with their Skype credentials, which will make their Skype chats and contacts appear in Teams, and call and chat with users of both Teams and Skype, according to the post.\nIf they don\u2019t\u00a0want to migrate to Teams, Skype users can export their data, including chats, contacts and call history, the post said.\nSkype will remain available until May 5, per the post.\n\u201cWe\u2019re excited about the new opportunities that Teams brings are are committed to helping you stay connected in new and meaningful ways,\u201d Teper said in the post.\nSkype was founded in 2003 by Nordic entrepreneurs, was later owned by\u00a0eBay and a private equity-led consortium, and\u00a0then was acquired by Microsoft in 2011 for $8.5 billion, Bloomberg\u00a0reported Friday.\nThe service lost ground to smartphone-native communication apps,\u00a0Zoom and\u00a0Slack, the report said.\nMicrosoft launched Teams in 181 markets around the globe in March 2017, with the product initially being a\u00a0chat-focused workspace for Office 365.\nThe company added a\u00a0free version of Teams in July 2018, saying this version was designed for freelancers, small business owners and teams inside larger organizations that didn\u2019t\u00a0have commercial Office 365 subscriptions.\nThe post Microsoft to Retire Skype in May, Focus on Teams appeared first on PYMNTS.com.", "date_published": "2025-02-28T14:57:25-05:00", "date_modified": "2025-02-28T14:57:25-05:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/02/Microsoft-Skype.jpg", "tags": [ "back office", "communications", "Microsoft", "News", "productivity", "PYMNTS News", "Skype", "Teams", "What's Hot", "Connected Economy" ] }, { "id": "https://www.pymnts.com/?p=2500401", "url": "https://www.pymnts.com/connectedeconomy/2025/ce-100-index-slumps-4-3-as-fiverr-and-block-plummet-after-earnings-reports/", "title": "CE 100 Index Slumps 4.3% as Fiverr and Block Plummet After Earnings Reports", "content_html": "The CE100 Index\u2019s slide far outpaced the drops seen this past holiday-shortened trading week across the broader markets.\u00a0 Earnings weighed on stock trading, as all pillars lost ground and the overall Index slipped by 4.3%.
\n![\"\"](\"https://www.pymnts.com/wp-content/uploads/2025/02/ce100-performance.jpg\")
Fiverr shares plummeted 23%, leading the Work segment of the CE100 Index down by more than 5.4%
\nThis past week, the company detailed that it had seen growth in its services business, which includes subscription-based revenues, cementing freelancers\u2019 relationships with buyers over several months.\u00a0 However, as noted during an earnings call, a muted macro environment persists, seemingly trumping better-than-expected guidance.\u00a0 Revenues were $103.7 million, up 13.3%; guidance had looked for a 9% to 12% gain.
\nServices revenue soared by more than 102% year over year to $30.1 million.\u00a0 Revenue growth in the current quarter is expected to accelerate to a range of 11% to 16% year over year, per company guidance.\u00a0 But active buyers \u2014 the Fiverr clients that purchase services and contract with freelancers \u2014 were down from last year\u2019s 4 million, now standing at 3.6 million. Spending per buyer was up 9% year on year to $302.
\nChief Financial Officer Ofer Katz said on the call that \u201cgoing into 2025, given that marketplace revenue is largely tied to GMV volume, and we have yet to see signs of macro improvement, we expect that growth of this revenue segment will continue to be muted\u2026 Given that macro rebound is a matter of when, not if, when it does rebound, we expect our marketplace will be one of the first areas to experience the uplift.\u201d
\nBlock\u2019s 18.5% slide led the Pay and be Paid segment of the CE100 Index\u00a0 to decline 5.1%.
\nIn the company\u2019s most recent earnings results,\u00a0the company missed Wall Street\u2019s short-term estimates for its fourth quarter 2024 earnings and revenue numbers.\u00a0 Block\u2019s leadership emphasized the strong engagement with Cash App, which saw gross profit per active user increase by 13% year over year to $76 in Q4 2024. The company reported a 10% year-over-year increase in gross payment volume to $58.9 billion in Q4 2024.
\nAffirm\u2019s shares lost 15% in the wake of announcing it has expanded its partnership with Shopify.\u00a0 According to the announcement, the joint efforts will make Affirm the exclusive pay-over-time provider for Shopify\u2019s Shop Pay Installments program in the U.S. and Shopify\u2019s home country of Canada, with plans to expand into the U.K.
\nMastercard shares lost 1.3%. As reported here, Mastercard announced a package of digital and financial management tools aimed at the Middle Market segment.\u00a0 Under the heading\u00a0 Mastercard Mid-Market Accelerator, the suite of solutions is aimed at companies with annual revenues between $10 million and $100 million or about 50-250 employees.\u00a0 As part of the rollout, Mastercard is collaborating with issuers such as Citizens and FinTech providers such as Navan (expense management) and Trovata (cash flow management).\u00a0 The accelerator ensures that companies can access these services directly through their existing banking relationships, streamlining adoption and making it easier for issuers to provide tailored solutions.
\nAlso within the payments pillar, Visa said this past week at its investor day that it sees a $520 billion annual revenue potential ahead for its value-added services (up from $9 billion last year).
\nVisa\u2019s stock lost 1.5% on the week.
\nMercadoLibre was one of the few standouts to show positive momentum this week, as shares gathered 7.1% in the Shop pillar of the CE100 Index.
\nAs reported by PYMNTS, the platform\u2019s latest results showed double-digit growth in unique active buyers and items sold across the company\u2019s marketplace, along with momentum in its credit card business.\u00a0 Gross merchandise values (GMV) were up 8% to $14.5 billion, items sold gathered 27% year over year to 525.5 million, and the total payments volumes soared 33% to $58.9 billion. The company\u2019s credit portfolio was up 74% year over year to $6.6 billion. Unique buyers gained 24% to 67.3 million individuals and items sold per buyer gained 3% year over year, to 7.8.
\nThe post CE 100 Index Slumps 4.3% as Fiverr and Block Plummet After Earnings Reports appeared first on PYMNTS.com.
\n", "content_text": "The CE100 Index\u2019s slide far outpaced the drops seen this past holiday-shortened trading week across the broader markets.\u00a0 Earnings weighed on stock trading, as all pillars lost ground and the overall Index slipped by 4.3%.\n\nFiverr shares plummeted 23%, leading the Work segment of the CE100 Index down by more than 5.4%\nThis past week, the company detailed that it had seen growth in its services business, which includes subscription-based revenues, cementing freelancers\u2019 relationships with buyers over several months.\u00a0 However, as noted during an earnings call, a muted macro environment persists, seemingly trumping better-than-expected guidance.\u00a0 Revenues were $103.7 million, up 13.3%; guidance had looked for a 9% to 12% gain. \nServices revenue soared by more than 102% year over year to $30.1 million.\u00a0 Revenue growth in the current quarter is expected to accelerate to a range of 11% to 16% year over year, per company guidance.\u00a0 But active buyers \u2014 the Fiverr clients that purchase services and contract with freelancers \u2014 were down from last year\u2019s 4 million, now standing at 3.6 million. Spending per buyer was up 9% year on year to $302.\nChief Financial Officer Ofer Katz said on the call that \u201cgoing into 2025, given that marketplace revenue is largely tied to GMV volume, and we have yet to see signs of macro improvement, we expect that growth of this revenue segment will continue to be muted\u2026 Given that macro rebound is a matter of when, not if, when it does rebound, we expect our marketplace will be one of the first areas to experience the uplift.\u201d\nPay and Be Paid Names Slide\nBlock\u2019s 18.5% slide led the Pay and be Paid segment of the CE100 Index\u00a0 to decline 5.1%.\nIn the company\u2019s most recent earnings results,\u00a0the company missed Wall Street\u2019s short-term estimates for its fourth quarter 2024 earnings and revenue numbers.\u00a0 Block\u2019s leadership emphasized the strong engagement with Cash App, which saw gross profit per active user increase by 13% year over year to $76 in Q4 2024. The company reported a 10% year-over-year increase in gross payment volume to $58.9 billion in Q4 2024.\nAffirm\u2019s shares lost 15% in the wake of announcing it has expanded its partnership with Shopify.\u00a0 According to the announcement, the joint efforts will make Affirm the exclusive pay-over-time provider for Shopify\u2019s Shop Pay Installments program in the U.S. and Shopify\u2019s home country of Canada, with plans to expand into the U.K.\nMastercard shares lost 1.3%. As reported here, Mastercard announced a package of digital and financial management tools aimed at the Middle Market segment.\u00a0 Under the heading\u00a0 Mastercard Mid-Market Accelerator, the suite of solutions is aimed at companies with annual revenues between $10 million and $100 million or about 50-250 employees.\u00a0 As part of the rollout, Mastercard is collaborating with issuers such as Citizens and FinTech providers such as Navan (expense management) and Trovata (cash flow management).\u00a0 The accelerator ensures that companies can access these services directly through their existing banking relationships, streamlining adoption and making it easier for issuers to provide tailored solutions. \nAlso within the payments pillar, Visa said this past week at its investor day that it sees a $520 billion annual revenue potential ahead for its value-added services (up from $9 billion last year). \nVisa\u2019s stock lost 1.5% on the week.\nMercadoLibre Gains Ground\nMercadoLibre was one of the few standouts to show positive momentum this week, as shares gathered 7.1% in the Shop pillar of the CE100 Index.\nAs reported by PYMNTS, the platform\u2019s latest results showed double-digit growth in unique active buyers and items sold across the company\u2019s marketplace, along with momentum in its credit card business.\u00a0 Gross merchandise values (GMV) were up 8% to $14.5 billion, items sold gathered 27% year over year to 525.5 million, and the total payments volumes soared 33% to $58.9 billion. The company\u2019s credit portfolio was up 74% year over year to $6.6 billion. Unique buyers gained 24% to 67.3 million individuals and items sold per buyer gained 3% year over year, to 7.8.\nThe post CE 100 Index Slumps 4.3% as Fiverr and Block Plummet After Earnings Reports appeared first on PYMNTS.com.", "date_published": "2025-02-24T04:00:20-05:00", "date_modified": "2025-02-23T23:42:39-05:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/02/ce100-Index-0220.jpg", "tags": [ "Affirm", "Block", "CE100 Index", "Connected Economy", "Featured News", "Fiverr", "Investments", "MasterCard", "MercadoLibre", "News", "PYMNTS News", "stock market", "Visa", "Connected Economy" ] } ] }