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0.00186081131373281 0 -0.00409378489021211 -0.0107927056196501 -0.00483810941570521 0.000372162262746616 0.00409378489021211 0.0126535169333829
Stock impact report

Chime Financial (CHYM) Soars 9% on Rate Cut Cheer [Yahoo! Finance]

Chime Financial, Inc. - Class A (CHYM) 
Company Research Source: Yahoo! Finance
Chime Financial rallied for a second day on Wednesday, jumping 9.10 percent to finish at $26.50 apiece as investor sentiment was bolstered by the Federal Reserve's interest rate cut for the last time this year. On the same day, the US central bank's policymakers implemented a 25-basis point rate cut in their last open market committee meeting this year, and investors cheered on optimism that this would bolster consumer spending and higher transaction volumes for Chime Financial, Inc. (NASDAQ:CHYM). In other news, Chime Financial, Inc. (NASDAQ:CHYM) announced changes in its leadership management. Chief Operating Officer (COO) Mark Troughton has been promoted to the role of president. Janelle Sallenave is the new COO; and Vineet Mehra is the chief growth officer. According to the company, Troughton, Sallenave, and Mehra have been instrumental in its successful expansion of new products such as MyPay and Chime Card, focus on AI, and continued brand momentum. “As we continue to Show less Read more
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