Key Points Rising credit risk has weighed on fintech stocks like Upstart. The business has demonstrated a number of improvements this year, even as the stock has pulled back. Its AI model appears to be adapting to changes in the credit environment. 10 stocks we like better than Upstart › In many ways, Upstart Holdings (NASDAQ: UPST) has had a banner year. A new artificial intelligence (AI) model has significantly improved conversion rates on loan applications for the AI-powered loan originator. R ...

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China's biggest automaker BYD is planning to double it sales network in Europe by the end of next year, a senior executive said on Monday, as part of an aggressive push to penetrate the continent. ...

The Home Depot, Inc. (NYSE:HD) will release earnings results for the third quarter, before the opening bell on Tuesday.Analysts expect the company to report quarterly earnings at $3.83 per share, up $3.67 per share in the year-ago period. The consensus estimate for Home Depot's quarterly revenue is $41.12 billion, compared to $40.22 billion a year earlier, according to data from Benzinga Pro.On Friday, Stifel analyst W. Andrew Carter downgraded Home Depot from Buy to Hold and lowered the price target from $ ...

Core Insights - Michael Burry warns about the potential risks of the AI boom, suggesting that the current market may have peaked and could face a downturn similar to past investment cycles [1][4][6] Investment Trends - Burry's chart indicates that historical patterns show stocks tend to peak during investment booms, followed by a period of overinvestment and subsequent corrections [2][4] - The chart highlights significant peaks in major indices, including the Nasdaq and S&P 500, prior to major market corrections, suggesting a similar fate may await the current AI-driven market [3][4] Market Behavior - Burry points out that while AI companies are poised to invest heavily in infrastructure, this spending may only last for a couple of years before leading to a market collapse [4][6] - The current enthusiasm for AI investments may reflect a level of complacency among investors, who are overlooking potential warning signs [5][6] Personal Insights - Burry has been using pop culture references to convey his warnings, indicating a belief that investors are overly optimistic about the AI sector [5][6] - He has recently re-engaged with the market discourse after a period of silence, suggesting a renewed focus on AI research and potential investment strategies [6][8]

Amazon.com. Inc. is seeking to raise about $12 billion through a bond sale — its first such deal in US dollars in about three years — adding to a wave of massive technology debt offerings as companies race to fund artificial intelligence infrastructure. Proceeds from the offering may be used for everything from acquisitions and capital expenditures to share buybacks, according to people with knowledge of the matter. Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley are managing the bond sa ...

LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (the "Company†) today announced that it intends to privately offer, subject to market and other conditions, $750 million aggregate principal amount of senior notes due 2031 (the "Notes†). The Company will make the offering pursuant to an exemption under the Securities Act of 1933, as amended (the "Securities Act†). The initial purchasers will offer the Notes only to persons reasonably believed to be "qualified institutiona. ...

London-headquartered investment firm Medicxi has unveiled a €500m ($580m) fund to back innovative biotechs, set against a backdrop of growing concern at the state of the commercial landscape in Europe compared to the US. Medicxi, a self-ascribed European life sciences venture capital firm, has dubbed the fund Medicxi V, which will focus on an asset-centric investment model. Medicxi will use the €500m kitty to continue supporting drug hunters and entrepreneurs in creating asset-focused biotechnology compa ...

UBS Digital Cash is the latest addition to Ant International's tokenized deposit toolkit. Credit: Louis via Pexels. Key Takeaways Since 2019, Ant International has integrated a range of tokenized deposit systems into its payment infrastructure. In 2024, over a third of Ant’s transactions were processed on-chain. UBS Cash is the latest tokenized deposit solution it has integrated. Ant International has emerged as an important early adopter of tokenized deposits, partnering with various banks as they ...

Key Points Some states don't have any income tax, meaning retirement income is also exempt. Seven states offer exemptions for various forms of retirement income. Forty-one states, plus Washington, D.C., don't tax Social Security benefits. The $23,760 Social Security bonus most retirees completely overlook › When you live in America, one thing you've likely come to accept is the tax system. There are taxes on your income, products and services you buy, property you own, inheritance you receive, an ...