United Wholesale Mortgage at the NYSE, January 22, 2021 Source: The New York Stock Exchange Shares in UWM Holdings, parent of United Wholesale Mortgage, plunged 40% Thursday after the biggest U.S. mortgage lender suspended its dividend and raised fresh capital. UWM announced a $2.05 billion equity investment from Oaktree Capital Management and SFS Group Capital…
Traders work on the floor of the New York Stock Exchange during morning trading on August 05, 2026 in New York City. Michael M. Santiago | Getty Images The S&P 500 ended its more than 5.5% four-day rally on Wednesday, but the broad index’s surge to new records is recalibrating prediction market traders’ outlook for…
Check out the companies making the biggest moves in premarket trading: Peloton Interactive — The connected fitness company sank nearly 14% after its fourth quarter results. Its earnings of 13 cents per share was in line with estimates, while its revenue topped expectations. Peloton also reported its active paying subscribers fell 8.8% year over year….
Federal Reserve Governor Lisa Cook speaks at the Stanford Institute of Economic Policy Research in Palo Alto, California, U.S., May 27, 2026. Ann Saphir | Reuters Federal Reserve Governor Lisa Cook said Wednesday that she’s ready to support an interest rate hike unless the inflation numbers improve. “Inflation is too high, and I consider the…
Chair of the Federal Reserve Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on July 29, 2026. Brendan Smialowski | Afp | Getty Images Add the possibility of fewer meetings into the mix of how Federal Reserve Chairman Kevin Warsh wants to reduce…
Brian Moynihan, Chairman and CEO of Bank of America, speaks with Economic Club of Washington Chair David Rubenstein at an event at the Ritz-Carlton on February 25, 2025 in Washington, DC. Anna Moneymaker | Getty Images Bank of America spends more than $250 million a year covering GLP-1 weight loss drugs for its employees, CEO…
Leopold Aschenbrenner (L) and Bank of America CEO Brian Moynihan. Photo: Josh Edelson (L) | Oscar Molina (R) Bank of America CEO Brian Moynihan on Wednesday called the recent near-collapse of high-flying AI hedge fund Situational Awareness a warning shot for financial markets that are being fueled by elevated valuations and borrowed money. Last week,…
Check out the companies making the biggest moves premarket: SpaceX — The Elon Musk-led rocket company fell 11% after releasing its first quarterly report since going public in June . SpaceX reported capital expenditures of $18.37 billion in the second quarter, largely driven by artificial intelligence and up 550% from the year-ago period. Second-quarter revenue…
Ken Griffin, Founder and Chief Executive Officer of Citadel, speaks during the America Business Forum at Kaseya Center in Miami, Florida, U.S. Nov. 5, 2025. Marco Bello | Reuters Ken Griffin’s Citadel posted strong gains across its major hedge funds in July, helped by a recovery in risk assets and a discounted purchase of assets…
Check out the companies making the biggest moves after the bell: SpaceX — The Elon Musk-led rocket company fell 7% after releasing its first quarterly report since going public in June . SpaceX reported second-quarter revenue of $7.81 billion, topping an LSEG consensus of $6.93 billion. It also lost 9 cents per share, though it…
