Upstart Holdings Inc. has struggled to contend with a tougher lending environment, and the company indicated Tuesday that its challenges are expected to continue. The financial-technology company, which uses artificial intelligence to inform lending decisions, delivered a lower-than-expected forecast for the current quarter, as Chief Executive David Girouard called out …
Devamını oku »China’s consumer prices drop for first time in over 2 years
China’s consumer prices fell for the first time in more than two years in July, while the country’s factory-gate price index declined at a slower rate, official data showed Wednesday. China’s consumer-price index dropped 0.3% from a year earlier in July, after remaining flat in June, the National Bureau of …
Devamını oku »WeWork flags ‘substantial doubt’ about its ability to stay in business
WeWork Inc. disclosed Tuesday that there’s “substantial doubt” about its ability to continue operating, as the company seeks to improve its financial positioning. Shares of the company, which provides co-working spaces, slid 24% in Tuesday’s after-hours trading. WeWork WE, -5.50% lost $397 million in the second quarter and has $680 …
Devamını oku »Amazon reportedly in talks to become anchor investor in Arm’s upcoming IPO
Amazon.com Inc. is in talks to be one of the anchor investors in chip designer Arm Ltd.’s initial public offering, Reuters reported late Tuesday. According to Reuters, Amazon AMZN, -1.60% is among about 10 tech companies — including Intel Corp. INTC, -0.60% and Nvidia Inc. NVDA, -1.66% — that have …
Devamını oku »ZipRecruiter stock drops more than 12% as company warns of softer hiring
Shares of ZipRecruiter Inc. dropped more than 12% in the aftermarket Tuesday after the job-posting site reported quarterly earnings above expectations but said employers are more reluctant to pay for job ads and the number of job openings has dwindled. ZipRecruiter ZIP, +1.93% earned $14.4 million, or 14 cents a …
Devamını oku »Nvidia’s stock slips on introduction of new AI data-center CPU+GPU chip
You didn’t think Nvidia Corp. would let the lead AI data-center product of Advanced Micro Devices Inc., its closest rival in the artificial-intelligence data-center chip market, go unanswered, did you? At 2023’s Special Interest Group on Computer Graphics and Interactive Techniques, or SIGGRAPH, conference, Nvidia NVDA, -1.66% founder and Chief …
Devamını oku »Rivian’s stock drops 2% after mixed quarter, raised production guidance
Rivian Automotive Inc. shares dropped more than 2% in the extended session Tuesday after a wider-than-expected quarterly loss for the EV maker overshadowed a revenue beat and a production outlook raise. Rivian RIVN, +2.14% lost $1.2 billion, or $1.89 a share, in the second quarter, compared with a loss of …
Devamını oku »Oil prices bounce back after dipping on China data disappointment
Oil futures ended higher Tuesday, shaking off losses seen earlier in the session after disappointing international trade data from China sparked worries over demand. Analysts tied the rebound to news reports that Saudi Arabia’s cabinet reaffirmed its support for production cuts by the Organization of the Petroleum Exporting Countries and …
Devamını oku »