00:00It's Benzinga bringing Wall Street to Main Street.
00:02Fintech companies tied to consumer spending and small businesses face greater losses as
00:05economic concerns weigh on the stock market than according to CNBC.
00:09While the Nasdaq declined, Ship4, Toast and Bill.com experienced even sharper losses.
00:14President Trump's shifting trade policy has unsettled markets.
00:18Treasury Secretary Scott Bessett emphasized the administration's focus
00:21on long-term economic health over short-term volatility.
00:25Fintech stocks are more volatile than traditional banks,
00:28with investors moving in and out based on risk tolerance.
00:31Barclays forecast that Trump's tariff policies could slow U.S. GDP and increase inflation,
00:37potentially leading to another interest rate cut this year.
Comments