UWM, the top U.S. mortgage lender in the first quarter of 2024 with $23.4 billion in volume, has developed its technology in-house with “very few partners,” a method it used to “control the product,” Bressler said. Bressler said that UWM gives its technology away for free so brokers can compete against anybody, creating loyalty to
“Spaving,” or spending more to save more, has become a dangerous habit for cash-strapped Americans amid elevated inflation and mounting debt. Though inflation eased in April, the consumer price index was still up 3.4% from a year prior. Despite higher prices, Americans continue to spend. To that point, credit card debt reached $1.12 trillion in
Tech investments in Europe are reportedly in bloom after a long fallow period. This turnaround is the subject of a report Monday (June 3) by the Financial Times (FT), which noted that deal making has picked-up at early stage companies, with venture capital (VC) groups raising new funds after a two-year drought. For example, private
For those unfamiliar with cryptocurrency, this is a major milestone in Asia and across the world as it opens the road for adoption and investment in cryptocurrency, moving the asset class from niche to mainstream. Although the US allowed spot bitcoin ETFs in January, it only recently approved applications to list spot ether ETFs; a
The world’s largest hedge fund recently loaded up on shares of some members of the Magnificent Seven tech stocks, and halved an investment in a Chinese maker of electric vehicles. Bridgewater Associates made a big bet on Apple stock, more than doubled its stake in Nvidia shares, tripled an investment in Microsoft stock, and cut
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible technological innovation, it said in a Thursday (May 16) press release announcing the publication of its “2024 National Strategy for Combating Terrorist and Other Illicit Financing.” One
Coinbase Global stock fell on Thursday in the face of recent gains in Bitcoin prices, which tend to lead shares of the cryptocurrency broker higher. Investors may be eyeing the prospect of tough new competition in U.S. crypto trading. CME Group , the Chicago-based trading firm, plans to launch spot Bitcoin trading amid interest from
Shares of consumer-finance companies including Capital One and the parent of Rocket Mortgage dropped on Thursday after the Supreme Court ruled that the Consumer Financial Protection Bureau is funded legally. The ruling is a win for consumer-protection advocates and a setback for conservative groups and the Community Financial Services Association of America, the industry lobbying
(Bloomberg) — Hedge funds continued to lean into the biggest technology companies leading the way in artificial intelligence as the hype propelled the US stock market higher in the first quarter of the year. Most Read from Bloomberg These institutional investors saw Nvidia Corp. exposure grow, with the AI darling having the biggest increase by
Net Zero Roadmap: A Global Pathway to Keep the 1.5 °C Goal in Reach; (IEA, 2023); https://iea.blob.core.windows.net/assets/d954f15d-36c5-41b9-a693-9b74daef59cc/NetZeroRoadmap_AGlobalPathwaytoKeepthe1.5CGoalinReach-2023Update.pdf Gaddy, B. E., Sivaram, V., Jones, T. B. & Wayman, L. Venture capital and cleantech: the wrong model for energy innovation. Energy Policy 102, 385–395 (2017). Article Google Scholar Doblinger, C., Surana, K. & Anadon, L. D. Governments as