Affirm CEO talks recession, Apple Pay Later, and being an entrepreneur in volatile markets

Affirm founder and CEO Max Levchin acknowledged that although consumers haven’t pulled back on spending yet, there are signs of increasing stress as households battle high levels of inflation.

“There is a little bit of consumer stress that we can tell,” Levchin told Yahoo Finance Live at the Goldman Sachs Communacopia + Technology Conference on Tuesday (video above). “I think at this point, it’s sort of a fairly commonly repeated refrain: The lower credit-tier folks are starting to stumble a little bit.”

Levchin’s comments came on a day when the Dow Jones Industrial Average lost nearly 1,300 points after a hotter-than-expected Consumer Price Index (CPI) reading. The data sparked worries the Fed would move more aggressively in raising interest rates, in turn hampering the financial standing of consumers.

NEW YORK, NEW YORK - JUNE 11: PayPal Co-Founder &  Affirm CEO Max Levchin visits

PayPal Co-Founder & Affirm CEO Max Levchin visits “Countdown To The Closing Bell” at Fox Business Network Studios on June 11, 2019,

Sunshine Suzy: Entrepreneur living with Down syndrome defies odds to run national business

MARTIN COUNTY, Minn. — For generations, the Sukalski family has been farming in Martin County. But as successful as they’ve been they take pride in a different kind of corn harvest.

Seven years ago, Suzy Sukalski – who lives with Down syndrome – got the idea to sell her own corn nibblets. She was working as a hostess at the Hampton Inn when serendipity struck.

“They needed a local product to give to some of their guests and Suzy had these corn nibblets, and the Hampton Inn said let’s offer this product to our guests,” said Kristina O’Brien, Suzy’s sister.

They were an instant hit. And pretty soon other businesses came calling – including the North Dakota Corn Growers Association.

“The first order was for 5,000 and it took us probably three months to do that order,” said Diane Sukalski, Suzy’s mom.

But the demand was a sign of things

Meet The 27-Year-Old Latinx Entrepreneur Who Is Now Worth $220 Million, The Innovators Of The Cloud 100 And More For Small Business Owners

Hello, and welcome to another edition of The Pursuit newsletter.

When I joined Forbes in 2019, I did so in the most entry-level role on the team for which I now serve as lists editor. It was my first job out of college and it allowed me to work with our expert contributors and report on a variety of topics in the leadership and small business veins. I’ve had the opportunity and privilege to work with so many talented people.

During my time at Forbes, I’ve chronicled the departure of leaders from the companies they’ve founded, including Amazon’s Jeff Bezos, and also written about sustainable companies. I’ve had the chance to spotlight entrepreneurs and small business owners and how Covid-19 affected their businesses. I’ve worked on lists including the Next 1000—which spotlighted America’s bold and inspiring small business owners—and 30 Under 30—which highlights entrepreneurs, founders and innovators across

How kid entrepreneurs are making their mark

“Starting your own business isn't that hard when you have people around you (who) support you,” Ryan Hickman says.

From lemonade stands to large-scale businesses, entrepreneurship for kids can take many forms. Regardless of what interest your child leans toward, creative thinking and problem-solving are invaluable skills that could land him or her at the top of a business empire.

“Entrepreneurship requires both resilience and curiosity,” says Meredith Meyer Grelli, assistant professor of entrepreneurship at Carnegie Mellon University’s Tepper School of Business. “Fortunately, these are useful traits for all of us, entrepreneurs or not. So we can feel good about engendering these traits in our kids no matter their future pathways.

If we can help kids develop curiosity in their world, and in particular, the willingness to dive into frustrations or frictions they themselves encounter, they may find opportunity.” While going to school dances, practicing for the big game or preparing to get a driver’s license may be typical adolescent activities outside of the classroom, some preteens are turning

Not all successful entrepreneurs crave the limelight

For years, I have been as addicted to the antics of Tesla’s CEO as any Muskite. But perhaps I’m developing Long Elon or Musk Fatigue. The relentless train of high-publicity hi-jinks is starting to wear. It even has me wondering — why do it at all? It must be exhausting. Why not just run a company without picking fights with cave rescuers, a public spat with Twitter or shooting cars into space?

If you look down the top 50 of the Forbes rich list, one thing becomes clear. Many, unsurprisingly, are household names. But many are not. And of the household names, not all are A-list CEO-lebrities.

So why do some wealthy businesspeople hog the limelight while others just get on with the job? What separates people like Musk, Jeff Bezos and Larry Ellison from the wealthy individuals you’ve never heard of? What makes Goldman Sachs chief David Solomon, a