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Benzinga
Benzinga
Business
Natan Ponieman

High Interest Rates Bad News For Upstart And Affirm — What Investors Need To Know Ahead Of Earnings

With consumers becoming more aware of their spending habits in times of economic contraction and rising prices, companies built around personal lending can expect to experience hard times.

Upstart Holdings Inc (NASDAQ:UPST) and Affirm Holdings Inc (NASDAQ:AFRM) are releasing their quarterly earnings reports after the market close on Tuesday, and investors are expecting to see how mid-year hikes on interest rates are affecting the consumer debt market.

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