Regulatory risks looming over Fair Isaac are overblown, according to Baird. The investment firm upgraded the credit scoring firm to outperform from neutral. Analyst Jeffrey Meuler did lower his price target to $1,900 from $2,021, but that still points to 26% upside. Shares of Fair Isaac have tumbled 24% this year, as the company faces pressure from Federal Housing Finance Agency director Bill Pulte, who has expressed disappointment over the company’s rising costs to pull credit reports. FICO YTD mountain FICO YTD chart That said, Meuler thinks Fair Isaac shares are now attractively valued. “We were concerned with its valuation/expectations…
Author: usaeverydaylife
A home is seen for sale on April 24, 2025 in Austin, Texas.Brandon Bell | Getty ImagesMortgage rates rose for the third straight week last week to the highest level since January, but some homebuyers were undeterred.Mortgage applications to purchase a home rose 2% compared with the previous week and were 18% percent higher than the same week one year ago, according to the Mortgage Bankers Association’s seasonally adjusted index.This as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.98% from 6.92%, with points decreasing to 0.67 from 0.69, including…
The Starling Bank app displayed on a person’s phone.Adrian Dennis | AFP via Getty ImagesLONDON — British online lender Starling Bank on Wednesday reported a sharp drop in annual profit, citing an issue with Covid-era business loan fraud and a regulatory fine over financial crime failings.Starling, which offers fee-free current accounts and lending services via a mobile app, posted profit before tax for the year ending March 31, 2025 of £223.4 million ($301.9 million), down nearly 26% year-over-year.Revenue at the bank totalled £714 million, up about 5% from £682 million a year ago. However, that marked a slowdown from the…
South_agency | E+ | Getty ImagesSpending from foreign visitors to the U.S. is poised to fall by $8.5 billion this year as negative perceptions tied to trade and immigration policy lead overseas tourists to look elsewhere, according to a research note published by Oxford Economics.The spending decline, which works out to a drop of about 5% relative to last year, is a result of less foot traffic. International arrivals to the U.S. are expected to fall about 9% this year, Aran Ryan, director of industry studies at Tourism Economics, part of Oxford Economics, wrote in a research note last week.Businesses…
Teva is positioning itself well for sharp gains in the near future after a decline this year, according to Truist Securities. The firm initiated shares of the generic drug maker with a buy rating. Analyst Les Sulewski set a price target of $25 per share, indicating upside of 41%. Shares of Teva have struggled this year, losing around 20%. However, Sulewski thinks that pullback created a buying opportunity for investors. “We think the company is well positioned to rival big pharma with its long-term durable growth strategy. With stock trading 25% off recent highs, we urge investors to accumulate,” the…
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background.Nurphoto | Nurphoto | Getty ImagesMore than $130 billion of value has been wiped off of ASML in under a year amid restrictions on exports to China and U.S. tariff uncertainty Shares of ASML, which is seen as a critical cog in the semiconductor supply chain, hit a record high of over 1,000 euros a piece in July last year for a market capitalization of $429.5 billion, according to data from S&P Capital IQ. That fell to just under $297 billion at the Tuesday…
Traders work on the floor of the New York Stock Exchange on May 21, 2025 in New York City. Spencer Platt | Getty ImagesU.S. stock futures were little changed early Wednesday, as investors awaited earnings results from Nvidia, after the Dow Jones Industrial Average snapped a four-day losing streak.Dow futures slipped by 28 points, or 0.07%. S&P 500 futures dipped 0.07%, while Nasdaq 100 futures was down 0.03%.In extended trading, Okta shares plunged more than 12% after the identity management software company kept its guidance due to macroeconomic uncertainty. Otherwise, Okta beat fiscal first-quarter expectations on the top and bottom…
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesIn its bid to have a lawsuit against Elon Musk, the Department of Government Efficiency and President Donald Trump dismissed, the White House had “unsuccessfully” tried to define Musk’s role in the federal government as temporary, a district court judge in Washington, D.C., said in an order out Tuesday.A group of 14 states, led by New Mexico, had sued Musk,…
U.S. President Donald Trump and Tesla CEO Elon Musk in a Tesla Model S car, in front of the White House in Washington, D.C., on March 11, 2025.Kevin Lamarque | Reuters Studies regarding the benefits of return-to-office mandates have been mixed. Some find that hybrid workers are as productive as on-site ones, while others conclude that in-person work cultivates mentorship and training.In some cases, however, the results of being physically in the office are unequivocal. Tesla CEO Elon Musk said on X that he would be “spending 24/7 at work and sleeping in conference/server/factory rooms.” Investors appeared glad that Musk…
The Bank of Japan headquarters in Tokyo, Japan, on Sept. 27, 2021.Toru Hanai | Bloomberg | Getty ImagesJapan’s bond market is igniting fears of capital flight from the U.S. and a carry trade unwind as long-dated yields hover near record highs.Yields resumed their move higher Wednesday as demand for 40-year government bonds reportedly dropped to its weakest level since July last year, according to Reuters’ calculations, hovering near record highs hit last week.Japan’s 40-year government bonds yields hit an all-time high of 3.689% Thursday and were last trading at 3.318% — almost 70 basis points higher so far this year.…
