News

Schwab’s Jones Worries Credit Markets Are Priced for Complacency

(Bloomberg) -- High-grade US corporate bond spreads hover near their tightest levels in more than 25 years and may grind even lower next year. Charles Schwab Corp.’s Kathy Jones sees cause for concern.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic Jams “There is a sense now

Challenges in Mortgage Segment Hurt nCino, Analyst Downgrades Stock

Piper Sandler analyst Brent A. Bracelin downgraded nCino, Inc. (NASDAQ:NCNO) to Neutral from Overweight, with a price forecast of $38. The company reported total revenues for the third quarter of $138.8 million, a 14% increase from the previous year. Subscription revenues also grew 14% year-over-year to $119.9 million, with a non-GAAP operating margin of 20%, up approximately 350 basis points. After the results, Bracelin reduced the 2025 revenue outlook by about $20 million due to lower mortgage

CME to Offer One-Ounce Gold Futures to Meet Surging Demand From Retail Traders

(Bloomberg) -- CME Group Inc. will start offering a one-ounce gold futures contract in January to meet surging demand from retail investors amid bullion’s record-breaking rally.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThere has been a larger trend among retail inv