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Oracle Corp’s (NYSE: ORCL)...

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15%...

RTX Corp (NYSE: RTX)...

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03...

GameStop Corp. (NYSE:GME) Quarter...

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after...

Advanced Micro Devices (NASDAQ:AMD)...

Shares of Advanced Micro Devices (NASDAQ:AMD) drops 0.38% in afterhours in last trading...
HomeTech InsidesUpstart Holdings, Inc....

Upstart Holdings, Inc. (NASDAQ: UPST) Tights Its Shoes To Report Third Quarter Results

Upstart Holdings, Inc. (NASDAQ: UPST) dropped 6.07% to $23.20 from the last trade closing price of $24.70 as the firm declared that its third quarter business and financial results for fiscal year 2022 would be posted after the market close on Tuesday, November 8, 2022. At 1:30 p.m. PT / 4:30 p.m. ET, Upstart will hold a conference call and live webcast. The third quarter 2022 results press release and investor presentation will be posted on Upstart’s investor relations website prior to the conference call.

On the other side, an AI-powered loan platform had its stock rise in last session despite seemingly no company-specific news. Instead, some investors may be viewing the company’s recent share price reductions as a potential purchasing opportunity.

Upstart’s stock has plummeted 73% in the last six months as investors have been concerned about the Federal Reserve’s aggressive interest rate rises in an attempt to curb inflation. Rising interest rates have hurt on the stock market in general, but they are particularly detrimental to Upstart since they force customers to spend less money and take out fewer loans.

However, it appears that some investors now believe that Upstart’s massive sell-off over the last six months has created an appealing chance to purchase some of the company’s shares.

Recent Happenings

The Atlantic Federal Credit Union, a community-chartered credit union serving the counties of Essex and Union in New Jersey, announced today that it has partnered with Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, to provide personal loans to new and existing members.

Chief Operations Officer for The Atlantic Federal Credit Union, Jason Reed stated that they are a credit union focused on offering high-quality service through digital automation, human help, and market-leading products. Upstart has successfully enabled their credit union to lend to a broader spectrum of borrowers via an all-digital platform driven by AI, and it is assisting us in meeting their lending goals.

The Atlantic Federal Credit Union has been an Upstart lending partner since September 2021 and is a member of the Upstart Referral Network. Qualified personal loan applicants on Upstart.com who meet The Atlantic’s credit policies will receive tailored offers as they seamlessly transition into an Atlantic Federal Credit Union-branded experience to complete the online member application and closing process using the Upstart Referral Network.

Upstart’s SVP of Lending Partnerships, Michael Lock added that they are thrilled to be collaborating with The Atlantic Federal Credit Union to bring a contemporary, all-digital personal loan experience to even more individuals. The Atlantic is employing Upstart’s AI lending technology through the Upstart Referral Network to assist new and existing members while extending access to affordable finance.

Oracle Corp’s (NYSE: ORCL) Cloud Business Faces Headwinds: What Lies Ahead

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15% or $15.21 to trade at $111.50 in pre trading session on...

RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company,...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading...

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Alphabet Inc. (NASDAQ: GOOGL) In Talks to Reduce European IT Jobs After ‘Disastrous’ Layoffs

Shares of Alphabet Inc. (NASDAQ: GOOGL) inches down in pre session on Thursday after big American IT businesses are suddenly discovering how hard it is to decrease personnel in Europe after announcing the greatest rounds of layoffs in their...

Apple Inc. (NASDAQ: AAPL) Unveils Appearance of Its First Retail Location in India

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Credit Suisse (NYSE: CS) and UBS Group AG (NYSE: UBS) In Flux after Probe into Credit Suisse Acquisition

Credit Suisse (NYSE: CS) and UBS Group AG (NYSE: UBS) shares revamp its position on Tuesday from previous session following the emergency merger of the two lenders was the subject of an inquiry by Switzerland's federal prosecutor. The prosecutor has...

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