Upstart HoldingsNASDAQ: UPST

Interest rate cuts should help it get back to growth.

SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart Launches T-Prime.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to three classes of notes issued by Upstart Securitization Trust 2024-1 (“UPST 2024-1”), a $208.001 million consumer loan ABS collateralized by unsecured consumer loans. The preliminary ratings reflect initial credit enhancement levels of 45.50% for the Class A notes, 35.50% for the Class B notes, and 20.50% for the Class C notes. Credit enhancement consists of overcollateralization, excess spread, a non-declining cash reserve account.

Rupert Murdoch's Dow Jones and the New York Post have sued Perplexity AI, accusing the artificial intelligence startup of copying large amounts of their copyrighted content without permission. The lawsuit, filed in New York, claims Perplexity uses material from the Wall Street Journal and other publications to generate summaries, allowing users to bypass the original sources, which harms the publishers' revenue from advertising and subscriptions.

Upstart Holdings, Inc. (UPST) closed at $52.54 in the latest trading session, marking a -1.11% move from the prior day.

The Federal Reserve cut interest rates for the first time since 2020.

The stock is up over 100% in a year. Is this a fluke or the start of something bigger?

Upstart secured a $2 billion commitment from an outside lender to support loan growth on the platform.

SAN MATEO, Calif.--(BUSINESS WIRE)--Blue Owl Capital and Upstart Partner on Consumer Credit in $2 Billion Agreement.