Affirm CEO says ‘the American consumer is unbelievably resilient’

Affirm CEO says ‘the American consumer is unbelievably resilient’

Affirm CEO Max Levchin told Jim Cramer the American consumer remains strong, even as concerns about the economy and spending continue to mount in the face of high gas prices. “The American consumer is unbelievably resilient,” Levchin said on CNBC’s “Mad Money” on Friday. Affirm reported better-than-expected quarterly results on Thursday, with gross merchandise volume…

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Trump says ceasefire still in effect as Iran calls Strait of Hormuz attacks “point of no return”

Trump says ceasefire still in effect as Iran calls Strait of Hormuz attacks “point of no return”

The Israeli military told people living in seven villages in southern Lebanon to evacuate their homes on Friday. Israel Defense Forces spokesman Avichay Adraee issued an “urgent warning” to people in Al-Namriyah, Tayr Filisiya, Hallusiyah, Upper Hallusiyah, Turah, Marakah and Al-Abbayiyya, saying if they didn’t leave, their lives would be in danger. Adraee, who has…

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The disaster unfolding on Russia’s Black Sea coast is of its own making | Environment

The disaster unfolding on Russia’s Black Sea coast is of its own making | Environment

Southern Russia is facing one of the largest environmental disasters in its modern history. In April, repeated Ukrainian strikes on Russian oil infrastructure in Tuapse triggered massive refinery fires and oil spills along the Black Sea coast, including near Sochi. Residents described “black rain” falling from the sky as smoke and petroleum residue spread across…

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