A number of stocks fell in the afternoon session after a stronger-than-expected jobs report signaled that the Federal Reserve may keep interest rates higher for longer.
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Surging Treasury yields and inflation fears are putting pressure on this digital bank, today, May 19, 2026.
In the first quarter of 2026, Upstart Holdings, Inc. reported a wider net loss of US$6.65 million even as originations and revenue grew strongly, while also advancing its AI lending platform, applying for a national bank charter, and expanding in home and auto lending. At the same time, Upstart deepened its funding and distribution reach through a new partnership with Justice Federal Credit Union and a forward-flow agreement with Fortress Investment Group to purchase up to US$1.25 billion of...