Why microsoft Is Trending Today?

Klarna's stock price has significantly dropped, nearing oversold levels following a post-earnings selloff. Investors are questioning whether now is the right time to "buy the dip" in the popular buy-now-pay-later service provider.

Klarna, a Swedish fintech company, has expanded its payment options on Apple Pay to Spain, Denmark, and Sweden, with France set to follow soon. This move is seen as a strategic step to change the competitive payments landscape in Europe. Meanwhile, Klarna's stock has experienced a decline following its first earnings report after going public, despite beating revenue estimates. The company's rapid growth in longer-term financing has led to increased provisions, and its CEO has warned about the impact of AI on office jobs. Klarna has also expressed its ambition to become a neobank, with AI helping to halve its staff numbers and boost pay.

Rishi Sunak, the former UK Prime Minister, has been hired as a senior advisor by Microsoft and Anthropic, a US-based AI company. Sunak's role in both companies has been cleared, with earnings from these positions set to be donated to charity.