‘Is this genuine?’ JPMorgan court docket submitting reveals Frank workers questioned stats right before acquisition

Important Factors

Staff members of a startup purchased by JPMorgan Chase expressed disbelief when the firm’s founder directed them to raise their buyer rely forward of the acquisition, according to internal messages introduced Thursday in a authorized submitting.
The founder, Charlie Javice, instructed personnel to improve “general public-experiencing figures” of university aid system Frank to 4.25 million prospects in January 2021, JPMorgan alleged in the filing.
“Do we definitely have 4.25M college students?” a single Frank staff questioned in a January 2021 Slack thread.

Supply

Finance

Block shares soar 10% on entry into S&P 500

July 18, 2025

Key Points Block is joining the S&P 500, replacing Hess as of July 23. Hess is exiting the index upon its acquisition by Chevron. Source

Finance

Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more

July 18, 2025

Here are some of the names making big moves in midday trading. Talen Energy – Shares popped more than 23%. Talen said that it has signed agreements to acquire Moxie Freedom Energy Center in Pennsylvania and the Guernsey Power Station in Ohio – a pair of combined-cycle gas-fired plants. The deal comes out to $3.5 […]

Finance

Stocks making the biggest moves premarket: Netflix, American Express, Chevron, Sarepta Therapeutics and more

July 18, 2025

Check out the companies making headlines before the bell: Netflix — Shares fell 2% after Netflix warned that operating margin in the second half of 2025 will be lower than the first half because of higher content amortization, as well as sales and marketing costs, because of a larger slate of content. Otherwise, the streaming […]