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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