Goldman Sachs on Friday lowered its previously stated quarterly net earnings applicable to common shareholders to $197 million from $2.25 billion.

The app-based bank said it had seen lending activity spike thanks to the U.K. government’s emergency coronavirus financing schemes.

The stocks making the biggest moves in premarket trading include TripAdvisor, T-Mobile US, FedEx, Uber, and more.

The appointment of Mathew McDermott means the newest face of blockchain and cryptocurrency on Wall Street isn’t a starry-eyed bitcoin evangelist, but a 46-year-old veteran of old-school financing markets.

Uber narrowed losses, and saw a spike in demand for its food delivery service during the second quarter. However, the company’s core ride-sharing business was down 73% from last year.

Goldman Sachs on Friday lowered its previously stated quarterly net earnings applicable to common shareholders to $197 million from $2.25 billion.

Stocks fell as U.S-China tensions and ongoing coronavirus stimulus negotiations dampened the market’s enthusiasm over a strong jobs report.

Brown Brothers Harriman’s Win Thin expects the dollar to bottom later this year.

Fintech companies in Asia saw their capital raise fall around 37% from $2.56 billion in the first quarter to $1.62 billion in the second, a CB Insights report said.

Rocket Companies, the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target range, and that it sold fewer shares than planned.