loans

LendingTree Inc. (NASDAQ:TREE) released its fourth-quarter results after Wednesday's closing bell. Here's a look at the key figures from the report. The Details: LendingTree reported quarterly earnings of $1.16 per share, which beat the analyst consensus estimate of losses of five cents. Quarterly...

Shares of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) fell Monday after Keefe, Bruyette & Woods analysts downgraded the stocks to Underperform. Here's a look at the latest developments for the mortgage giants.  What To Know: The Keefe, Bruyette & Woods analysts, led by Tommy McJoynt,...

Affirm Holdings Inc (NASDAQ:AFRM) shares are trading lower in Monday’s after-hours session after the Buy Now, Pay Later company announced a proposed private offering. What Happened: After the market close on Monday, Affirm announced plans to offer $750 million worth of convertible senior...

Capital One Financial Corp. (NYSE:COF) reported its third-quarter results after Thursday's closing bell. Here's a look at the key figures from the report.   The Details: Capital One Financial reported quarterly earnings of $4.51 per share, which beat the analyst consensus estimate of $3.76....

U.S. District Judge J. Randal Hall on Thursday temporarily blocked the Biden administration's latest student debt relief plan in a lawsuit brought by seven Republican-led states (Missouri, Georgia, Alabama, Arkansas, Florida, North Dakota and Ohio).  The Details: Judge Hall issued a temporary...

SoFi Technologies Inc (NASDAQ:SOFI) shares are trading flat Thursday at $7.53 and higher by some 15% over the trailing month amid anticipation of key economic data. Shares are trading higher in recent sessions due to expectations of a potential interest rate cut by the Federal Reserve, which would...

Upstart Holdings, Inc. (NASDAQ:UPST) are trading higher today. Here’s what you need to know. What To Know: Upstart Holdings has seen a lot of options activity in the last few days. Of these, 70% were bullish, involving calls totaling $489,292, while the remaining 30% were bearish with puts...

A federal appeals court has blocked President Joe Biden’s administration from implementing its Saving on a Valuable Education (SAVE) student debt relief plan.  The Details: The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven states to put on hold parts of the...

Upstart Holdings Inc (NASDAQ:UPST) reported financial results for the first quarter after the market close on Tuesday. Here’s a look at the key metrics from the quarter. Q1 Earnings Highlights: Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate...

LendingClub Corp (NYSE: LC) shares are trading lower in Tuesday's after-hours session on the heels of the company's fourth-quarter earnings results. What To Know: LendingClub reported quarterly earnings of nine cents per share, beating analyst expectations of two cents by 350%....

Stocks rallied last week, with the S&P 500 climbing 1.3% to close at 4,415.24. The index is now up 15% year to date, up 23.4% from its October 12, 2022 closing low of 3,577.03, and down 7.9% from its January 3, 2022 record closing high of 4,796.56. While the overall data indicate...

After a year of pause on advancing Tether (CRYPTO: USDT) stablecoin loans to customers, Tether Group has initiated lending again after receiving multiple short-term loan inquiries in Q2 2023, according to The Wall Street Journal. The company believes that this will protect its long-term...

The cannabis industry is rapidly evolving and with legalization spreading across various regions, businesses are looking for innovative ways to thrive in this burgeoning market. One of the key aspects that can drive success in this sector is financial innovation. In this article, we will...

The Federal Reserve on Wednesday raised the federal funds rate by 25 basis points to 5.25%-5.5%, marking the highest since February 2001. The impact the Fed's interest rate hike campaign is manifold, affecting almost every aspect of consumer and personal finance, from housing to credit cards. Let's...

Distress is rapidly spreading in the U.S. commercial real estate industry, with the volume of troubled assets escalating to nearly $64 billion in the first quarter of 2023, a 10% rise from the previous quarter. This alarming trend is highlighted in a recent report from MSCI Real Assets, which also...