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
Tag: Financing Agreements
Walmart cutting about 200 corporate jobs in restructuring as profits sag
Walmart Inc. is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying Read more
Nearly 25% of first-time homebuyers open a new credit card when they close on a home. Why that could be a really bad idea.
Nearly a quarter of first-time homebuyers are opening new cards within six months of buying a home, according to a new study. The study by Realtor.com and Experian, which was Read more
Why Apple’s BNPL efforts could mark a ‘tipping point’ in lending
Apple Inc.’s expansion into buy-now pay-later financing could be just the beginning of an attempt to shake up the traditional payments system. The consumer-electronics giant has made other ventures into Read more
FTC proposes new rule to eliminate ‘deception’ and ‘fraudulent add-on products’ in car-buying process
The Federal Trade Commission is considering a move to eliminate junk fees and bait-and-switch advertising from the car-buying process, according to a notice of proposed rulemaking. “For many Americans, buying Read more
Wall Street profit expectations for megabanks cooled only slightly despite deep freeze in stocks
The disconnect between healthy business performance and ailing share prices in 2022 will likely continue for megabanks through this year’s second-quarter earnings season, amid bear market conditions for stocks. Investors Read more
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