Bill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
LendingClub Corp. LC, -6.
19% on Thursday said it would reduce its workforce by around 14%, or 172 employees, as it navigates what it said were “macroeconomic headwinds and the resulting pressure in our marketplace, primarily driven by higher interest rates.” The online lending and financial services platform also said it expects $198 million to $200 million in third-quarter sales, compared with FactSet forecasts for $199.4 million. Shares were up 3.4% after hours.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Xiaomi 14 and 14 Pro rumored to be unveiled on October 27Izzy, a tech enthusiast and a key part of the PhoneArena team, specializes in delivering the latest mobile tech news and finding the best tech deals. Her interests extend to cybersecurity, phone design innovations, and camera capabilities.
Read more »
Birkenstock prices IPO at $46 a share: reportsBill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
Read more »
HP Inc. shares rise on dividend hike, shareholder return plansBill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
Read more »
UAW says Ford workers have walked off the job at Louisville truck plantBill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
Read more »
UAW says 8,700 Ford workers have walked off the job at Louisville truck plantBill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
Read more »
Mac Jones’ backers: Bill Belichick, Bill O’Brien, Cam NewtonGet breaking news on Alabama high school, college and professional sports, including the Alabama Crimson Tide and Auburn Tigers. Find scores, stats, photos, videos and join the forum discussions at al.com.
Read more »