SoFi members, rejoice: SoFi Checking & Savings is helping people earn more off their hard-earned money by raising our industry-leading annual percentage yield (APY)¹ for all members. Members with direct deposit will now earn 1.50% APY on their balances, 50 times the current national average². For members without direct deposit, [...]
The Thrill is Gone Since 2015, Amazon (AMZN) has leaned on its “Prime Day” to boost sales, often during the typically slower summer season. This year’s event is scheduled for July 12 and 13. The tech giant endeavored to “make it the biggest day ever” and featured special graphics on [...]
Blame the Batteries Car buyers face a bit of a double-edged sword these days. Gasoline prices are up near record highs, making traditional automobiles less attractive in comparison to electric vehicles. That said, the batteries used by EVs are getting more expensive for companies like Tesla (TSLA) and others. Major [...]
Subscribers Pull the Plug Netflix’s (NFLX) share price has plummeted by about 70% since its October 2021 high. The streaming pioneer lost some investor support after it experienced a net loss of subscribers for the first time in over a decade earlier this year. 200,000 consumers pulled the plug on [...]
Economic Data Today, be on the lookout for May’s durable goods orders. These include long-lasting manufactured products, including transportation items. In April, new orders for durable goods rose 0.4% to $265.3 billion, which failed to meet analyst expectations. May’s pending home sales index is also due, which is a forward-looking [...]
Nine Months of NFTs NFTs can be hard to wrap your head around. These nonfungible tokens are traded on blockchains, similar to cryptocurrencies. In recent months, NFT sales declined as rising interest rates put pressure on various growth assets, particularly those in the tech sector. Bucking that trend, NFT marketplace [...]
A Rough Year Meta Platforms (META) is having a rough year. The company’s stock price was cut by nearly half since January 1 as user growth has slowed. Longtime COO Sheryl Sandberg announced she will leave the company this fall. Amid the current stumbles, CEO Mark Zuckerberg envisions a pivot [...]
As summer approaches, a new class of graduates is entering the workforce. They’ve worked hard to earn a degree and secure employment and are likely excited and perhaps a little nervous about their financial future. Thankfully, their employers have a unique opportunity to help ease some of that financial stress [...]
One is the Loneliest Number Energy is the only sector in the S&P 500 that’s positive over 3-month, 6-month, and year-to-date periods. If we take that window back one year, the only other sectors with positive returns are Utilities, Consumer Staples, and Health Care — the classically “defensive” portions of [...]
Shipping Shake Up The massive demand for consumer products and growth of online shopping during the pandemic is making an impact on the real estate sector. Companies need places to store products and space where employees can package them. This has driven up prices for warehouses and properties turned into [...]
