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02.10.26 - 17:48
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Nike Slides on Job Cuts; Broadcom Gathers AI Chip Funding | Stock Movers (Bloomberg)
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On this episode of Stock Movers:
- Nike (NKE) shares continue their slide as it is cutting jobs and overhauling its business as results deteriorate, with a restructuring plan to save $2.5 billion over the next five years. The company expects a high-single-digit revenue decline this year, which is worse than the 2.4% drop projected by analysts, and shares of Nike fell as much as 9.7% in New York on Friday.
- Broadcom (AVGO) shares are moving on news the company's Wall Street syndicate are starting to gather $60 billion of fresh AI chip financing to benefit Anthropic and other companies.
- Fair Isaac Corp. (FICO) shares are rising after the company launched the FICO Mortgage Direct License Program, and Bill Pulte signaled he wasn't purposefully targeting the company, which may have contributed to the stock's rise on Thursday. (Source: Bloomberg)...
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29.09.26 - 17:46
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FICO Crashes Most Since 2004 As Pulte′s Mortgage Score Shakeup Threatens Its Moat (ZeroHedge)
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FICO Crashes Most Since 2004 As Pulte's Mortgage Score Shakeup Threatens Its Moat
Fair Isaac, the company that produces FICO scores, saw its shares crash the most in 22 years early Tuesday in cash trading after Federal Housing Finance Agency Director Bill Pulte announced on X that a mortgage-pricing change that Wall Street analysts say could accelerate adoption of rival VantageScore and undermine FICO's moat.
"We are Simplifying Mortgage Pricing following feedback from lenders and consumers. Instead of two separate pricing grids, which makes zero sense, Fannie and Freddie are hereby moving to ONE PRICING GRID with VantageScore joining the existing FICO Classic pricing grid," Pulte posted on X Monday.
We are Simplifying Mortgage Pricing following feedback from lenders and consumers. Instead of two separate pricing grids, which makes zero sense, Fannie and Freddie are hereby moving to ONE PRICING GRID with VantageScore joining the existing FICO Classic pricing grid. pic.twitter....
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05.09.26 - 22:15
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FICO Crashes As Trump Housing Chief Pulte Cracks Mortgage-Score Monopoly (ZeroHedge)
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FICO Crashes As Trump Housing Chief Pulte Cracks Mortgage-Score Monopoly
"Equifax, Experian, and TransUnion have been overcharging Americans for far too long," Federal Housing Finance Agency Director Bill Pulte wrote on X late Thursday.
The Trump administration's campaign against the cost of credit scores and reports used in the mortgage industry sent shares of Fair Isaac, the company behind FICO scores, as well as Equifax and TransUnion, tumbling on Friday morning.
Pulte continued: "This will end soon. We are seriously considering bi-merge, and stronger solutions (SAFER and SOUNDER). We will not allow companies to take advantage of American consumers. No more."
Equifax, Experian, and TransUnion have been overcharging Americans for far too long. This will end soon. We are seriously considering bi-merge, and stronger solutions (SAFER and SOUNDER). We will not allow companies to take advantage of American consumers. No more.
— Pulte (@pulte) September 4, 2026
Pulte's war...
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