iRobot Shares Surge 25% Amid Fed Rate Cut

The CE 100 Index rose by 2.3% this week as the Federal Reserve cut interest rates for the first time this year, outperforming general market gains.

The Work segment led with a 5.4% increase. Within this segment, shares of CrowdStrike Holdings surged 15.2%, while Fiverr saw an 11.8% rise.

PYMNTS reported that CrowdStrike and Salesforce have partnered to enhance the security of AI agents and applications built on Agentforce and Salesforce Platform. The integration of CrowdStrike Falcon Shield and Salesforce Security Center aims to provide better protection, visibility, and faster response for AI-powered businesses, according to their joint announcement.

In the Live pillar, iRobot shares soared 25.2%. The company announced in an SEC filing last week that it has amended its credit agreement with TCG Senior Funding, an affiliate of The Carlyle Group, extending the waiver period from September 19 to October 24.

The Pay and be Paid sector advanced by 2.3%. Mastercard and payment gateway provider HyperPay have partnered to issue commercial cards in Saudi Arabia, the UAE, and Qatar. Visa introduced Visa Private, a new offering for wealthier cardholders, initially launching in the UAE.

Affirm announced partnerships to power pay-over-time options for ServiceTitan and Vagaro. This integration allows contractors to offer clients a way to split home repair bills into biweekly or monthly payments. Affirm's stock rose 10.5%.

Shares of LiveNation fell following an FTC lawsuit in California over ticket resales, alleging Ticketmaster's market control leads to consumers paying more than face value. Amazon expanded its third-party logistics product to support merchants on Walmart, Shopify, and Shein, leading to a 1.5% rise in Amazon shares.