Upstart Holdings Inc. has seen its value plummet this year, and it appears set for further declines after posting lower-than-expected results for its latest quarter. On Tuesday, the company, which Read more
Tag: Consumer Lending
Consumers turn to credit cards, personal loans to get by during inflation: data
People are resorting to credit cards and unsecured personal loans to cope with the bite of high inflation, new data shows — all while borrowing costs rise and the U.S. Read more
SoFi stock rockets as earnings deemed ‘outstanding’
Shares of SoFi Technologies Inc. were flying higher in premarket trading Tuesday after the financial-technology company posted results that were dubbed “outstanding” by one analyst. Though the company continues to Read more
GOP legal challenges may freeze Biden’s plan for student-loan forgiveness in October, just before midterm elections
WASHINGTON—The Biden administration and Republican opponents of mass student debt cancellation appear headed for a legal confrontation with hundreds of billions of dollars at stake just weeks before the November midterm elections. GOP Read more
How do cash advance apps work, and are they better than payday loans?
If asked to picture a payday lender, you might think of a storefront in a strip mall with green dollar signs and neon slogans like “everyday’s payday.” You probably don’t Read more
Will ether price fall after the ‘Merge’ in September?
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest Read more
Oil prices are down, but energy companies’ earnings estimates keep rising — these stocks are cheap
Oil prices have fallen from a peak earlier this year. But energy companies’ earnings estimates have kept rising on stronger demand and low capital spending. Below is a screen of Read more
Upstart earnings spark questions about company’s ‘fintech’ narrative
Shares of Upstart Holdings Inc. were sinking more than 11% in premarket trading Tuesday as analysts digested the lending company’s new reality. While executives at Upstart UPST, -6.85% defended the Read more
Upstart outlook comes up short, but CEO says he’s ‘confident’ in value of AI lending
Upstart Holdings Inc. delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending. Since Upstart UPST, +9.02% Read more
SoFi stock rockets toward best day since early 2021 despite ‘dismal’ student-loan numbers
SoFi Technologies Inc. has come a long way since its founding as a student-lending platform, and that expansion into new business areas has been paying off nicely for the company Read more
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