New York Times Company Continues to Thrive Economic Uncertainty\n\nThe New York Times Company has once again proven its resilience in the media industry, reporting strong financial results in the third quarter of 2020. The ongoing economic uncertainty caused by the pandemic, the company has continued to thrive and exceed expectations.\n\nIn the third quarter, the company’s total revenue reached $426.9 million, a 0.2% increase from the same period last year. Its digital revenue also saw a significant increase of 34.7%, with digital subscriptions reaching a record high of 6.9 million.\n\nThe company’s success can be attributed to its strategic initiatives, including its focus on digital subscriptions and diversification of revenue streams. Its digital subscription model has proven to be successful, with a steady increase in subscribers over the past few years. Additionally, the company has expanded its offerings beyond traditional news, with the launch of new products such as cooking and games apps. This has not only attracted new subscribers, but also increased engagement and retention among existing ones.\n\nThe New York Times Company’s strong performance in the third quarter is a testament to its ability to adapt and innovate in the face of challenges.\n\nIn a the New York Times Company’s success in the third quarter is a reflection of its strong fundamentals and strategic initiatives.

Affirm Holdings Expands BNPL Services with Walmart Partnership\n\nAffirm Holdings, a leading payment network, has announced its partnership with retail giant Walmart to expand its buy now, pay later (BNPL) services. This news has caused Affirm's shares to reach their highest level since February 2022.\n\nThe partnership will allow Walmart customers to use Affirm's services at self-checkout kiosks in stores, providing them with flexible payment options. This move comes at a time when there is a growing demand for BNPL options in the travel industry, with Affirm's travel and ticketing purchase volume increasing by 60% in the September quarter.\n\nIn addition to Walmart, Affirm has a network of over 266,000 merchants, including Great Wolf Lodge, American Airlines, and CheapOair. This collaboration is expected to drive sales for Liberty Travel, provide flexible payment options, and improve conversion rates. Affirm's transparent and fee-free services are also expected to attract more customers.\n\nAccording to Affirm's research, more than 50% of people look for BNPL options when checking out, making this partnership with Liberty Travel a strategic move. As travel is expected to increase in the coming year, BNPL options will provide customers with more purchasing power.\n\nThis partnership is also expected to contribute to Affirm's goal of reaching profitability in fiscal 2024 and improving its adjusted operating margin to over 2%. Affirm's stock has seen a significant increase of 362.9% in the past year, outperforming the industry's 24.2% rise.\n\nAffirm currently holds a Zacks Rank #2 (Buy). Other top-ranked stocks in the business services industry include FirstCash Holdings, Shift4 Payments, and RB Global. These companies have a Zacks Rank #1 (Strong Buy) and #2 (Buy), respectively.\n\nFirstCash's current-year bottom line is expected to grow by 13.1%, while Shift4 Payments is expected to see a 110.1% year-over-year growth in earnings. RB Global's current-year earnings are expected to increase by 15.4%. These companies have also consistently beaten earnings estimates in the past four quarters.