Upstart co-founder and CEO David Girouard joins “Squawk Alley” ahead of the company’s IPO to discuss its business model. We are an AI lending platform, which means we apply AI to the problems of consumer lending. That means originating better loans because we can more accurately predict who’s more likely to default, says Girouard. That involves using all sorts of data so we can make a more informed decision, and one that can result in banks approving two to three times as many borrowers, he adds.
Even without a stimulus deal, the Fed, which held interest rates near zero, can help everyday Americans.
The Federal Reserve remains committed to providing financial help for those who are struggling amid the coronavirus crisis.
Considering Covid’s real estate impact
Vlad Doronin, Oko Group CEO, discusses Florida’s emigration surge and the resultant real estate boom with CNBC’s Morgan Brennan.
China rental company’s shares have cratered 76% this year as the shine of debt-fueled growth fades
Danke, a Chinese residential rental company, has a debt-dependent business model that is showing signs of strain.
U.S. weekly jobless claims rose unexpectedly last week to 885,000
Jobless claims unexpectedly rose in the week ending Dec. 12 as the coronavirus pandemic continues to pressure the economy while lawmakers struggle to push through new government aid.
Home prices overheating could be hurting affordability
CNBC’s Diana Olick breaks down the latest housing starts and building permit data and what the numbers mean for the overall housing market.
Economist breaks down the unexpected rise in unemployment claims, November housing data
Lindsey Peigza, economist at Stifel, joined “Squawk Box” on Thursday to discuss the unexpected rise in unemployment claims in the week ending Dec. 12.
Home-flipping profits are the highest in 20 years, but fewer are doing it
While home-flipping activity overall dropped in the third quarter of this year, gross returns for flippers soared to the highest level in 20 years.
Over 57,000 homes in the U.S. flipped, down 6.7% from 2020 Q2
Diana Olick joins ‘Halftime’ to discuss updates on the U.S. house flipping report for third-quarter of 2020.
Visual Tribute Honors The Trailblazing Legacy Of Black Architect Paul Williams
The architect to the stars designed nearly 2,000 homes in Southern California.