And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greifeld taking you through to that closing bell with a global simulcast. We're joined right now by Norah Melindo and Christine Aquino in today for Carol Massar.And Tim Stenovec taking a well-deserved short week here as we welcome our audiences across all of our Bloomberg platforms, our partnership with you to peer guys on what's going to be another record setting day for U.S. equities, another record day fo ...

Equifax and FICO Pricing War - Equifax is responding to FICO's recent move to sell mortgage credit scores directly to lenders, which has put pressure on the big three credit bureaus [2][4] - FICO's new pricing model is set at $4.95 per completed loan or $10 per score, which has led to a decline in FICO's stock by over 3% [3][4] - In contrast, Equifax plans to reduce the price of its Vantage Score to $4.50 through 2027, which is less than half of FICO's new price [3][4] - Equifax is also offering Vantage Score for free to customers who purchase FICO scores in 2025 and 2026, positioning this as a response to FICO's "monopoly-like pricing" [4][6] - The situation is shaping up to be a high-stakes pricing war, with potential implications for FICO's dominance in the credit scoring industry [6] Dell's Stock Performance - Dell's stock has seen a week-to-date increase of 11%, reaching a 52-week high after Citigroup raised its price target from $160 to $175 [7][8] - Analysts are optimistic about Dell's outlook, market share, and earnings growth following its investor day, where it raised long-term EPS and revenue guidance [8] Space Mobile and Verizon Partnership - Verizon has signed a commercial agreement with Space Mobile, leading to a 17% increase in Space Mobile's shares [11][12] - The partnership aims to deliver cellular service directly from space, allowing standard smartphones to connect via satellite when out of range of traditional networks [12][13] - This service is expected to fill coverage gaps in remote and rural areas, enhancing connectivity for Verizon customers [13]

Group 1: OpenAI Valuation and Industry Context - OpenAI has reached a valuation of $500 billion, making it the largest private company, up from $300 billion a few months ago [1] - This rapid valuation growth is notable as it took Microsoft 40 years to reach a similar valuation, while OpenAI achieved it in just 10 years [2] - OpenAI's founder, Sam Altman, projects a need for 250 gigawatts of electricity by 2033 to power its data centers, which is significantly higher than the largest nuclear power plant's output [2][3] Group 2: Berkshire Hathaway's Acquisition - Berkshire Hathaway is acquiring Occidental Petroleum's petrochemical unit OxyChem for approximately $9.7 billion, which represents about 1% of Berkshire's market cap [4][6] - Berkshire already owned about 27% of Occidental, making this acquisition more of a strategic move rather than a significant cash outflow [5] - The acquisition is seen as beneficial for both Berkshire and Occidental, allowing Occidental to buy back stock and reduce debt [6] Group 3: Government Shutdown Impact - The current government shutdown has not significantly affected the stock market, with the NASDAQ remaining flat and the S&P 500 down only slightly [8] - Historically, the average return of the S&P 500 12 months after a government shutdown is around 12%, indicating that such events may not have long-term negative effects [11] - Companies that rely heavily on government contracts may be more vulnerable to the shutdown's impacts, but the general market sentiment appears to be calm [9][10] Group 4: Fair Isaac Corp (FICO) Developments - Fair Isaac Corp's stock surged 24% following the announcement of a direct license program that allows mortgage originators to calculate and distribute FICO scores directly [11][12] - This move is expected to enhance FICO's margins and competitiveness against credit bureaus like Equifax and Experian, whose stocks fell in response [15] - FICO has historically performed well, with a 2,000% increase in stock value over the past decade, compared to 250% for the S&P 500 [12][13] Group 5: Investment Opportunities - Mercado Libre is highlighted as a potential investment opportunity due to its significant growth potential in Brazil, where it has around 40 million active buyers [18] - Etsy is also noted for its recent partnership with OpenAI to enhance customer engagement through AI-powered shopping features [19] - Curtiss-Wright is identified as a company that could benefit from the renewed interest in nuclear power, supplying essential components for nuclear reactors [21]

This week brought a mix of serious headlines and splashy moves. Here are some of the week's biggest stories. More pasta recalled after deadly listeria outbreak On one end, regulators and retailers are making decisions that could directly affect your wallet and grocery cart—from FICO shaking up how mortgage lenders handle credit scores to Walmart promising cleaner labels on its private-label food. On the other, cultural and corporate forces collided in ways that only 2025 could deliver: Starbucks is closing ...

Fair Isaac, the producer of the FICO Score, changed its pricing model, giving it a greater share of the overall credit-scoring revenue. ...

Fair Isaac Corp., or FICO, has dominated credit scoring until recently. - Getty Images/iStockphoto The credit-scoring industry is going through a big shift as companies compete to gain more power over the market — and prospective home buyers should pay attention. The latest move comes from Fair Isaac Corp., or FICO FICO, which is giving mortgage lenders a way to obtain borrowers’ credit scores directly while cutting out the big three credit bureaus, which have historically packaged them for those lenders ...

Key Points Fair Isaac came out with new alternatives for lenders to bypass credit bureaus in obtaining a FICO score. FICO would make much more money per score under these new options, taking from the revenue pie of credit bureaus. Credit bureau stocks fell as FICO soared, but each player is encroaching on the other's turf. 10 stocks we like better than Fair Isaac › Shares of Fair Isaac Corporation (NYSE: FICO) were soaring on Thursday, rising 20.5% as of 2:05 p.m. ET. Fair Isaac is the dominan ...

Investors are celebrating a major shake-up in how FICO scores will be shared with mortgage lenders, as shares of parent company Fair Isaac Corp. have rallied more than 20% on Thursday. Most Read from Fast Company That stock rally follows FICO’s announcement on Wednesday of a new pricing model that will allow mortgage lenders to calculate and distribute credit scores directly to borrowers, thereby eliminating the need to rely on the three nationwide credit bureaus for this information. In addition to it ...

Fair Isaac, the creator of the FICO score, saw shares rally more than 20% on Thursday after it unveiled a new pricing model that will allow mortgage lenders to bypass credit bureaus for credit scores.The Montana-based data analytics company said it would license its credit scores directly to mortgage resellers who can then distribute FICO scores directly to borrowers. The FICO score is a U.S. credit scoring system that is used by nearly 90% of lenders to evaluate a borrower's credit risk. Scores generally r ...

FICO upended the credit-scoring industry by giving mortgage lenders a way to offer its FICO credit score without dealing with Experian, Equifax or TransUnion. ...