This is the worst the jobs market has looked (outside of a recession) in 50 years, says Goldman Sachs, meaning bullish GDP estimates are too optimistic

This is the worst the jobs market has looked (outside of a recession) in 50 years, says Goldman Sachs, meaning bullish GDP estimates are too optimistic

Goldman Sachs’ Jan Hatzius warned that U.S. GDP estimates showing 3.8% growth in Q2 and 3.3% in Q3 may be overstated, due to missing data from the government shutdown and weakening labor trends. He pointed to falling employment indicators and survey data signaling stagnation, arguing job market weakness offers a more accurate gauge of current…

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Assessing Valuation After New Credit Union Partnership and $600M Capital Raise

Assessing Valuation After New Credit Union Partnership and $600M Capital Raise

Upstart Holdings (UPST) just grabbed headlines with a two-part announcement that could reshape the company’s growth trajectory. First, ABNB Federal Credit Union revealed it has partnered with Upstart to offer personal loans, leveraging the company’s AI-powered lending platform. In addition, Upstart successfully completed a substantial $600 million convertible notes offering, adding new capital to fuel…

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