Economic Data Today, no major economic data is scheduled for release. Tomorrow, be on the lookout for April’s foreign trade balance, which is the net difference between the value of the nation’s imports and exports. In March the trade deficit increased by 22.3% to $109.8 billion. It marked the first [...]
In recent years, research has revealed a significant disparity in the financial well-being of LGBTQ+ adults compared to the general population, particularly among transgender people and LGBTQ+ people of color. The major drivers behind this wealth gap? Lower rates of inheritance and family support, as well as discrimination in housing, [...]
Anti-Instagram Last May, social app Poparazzi was launched and quickly skyrocketed to the top position on the App Store (APPL) as the startup’s platform gained traction with Gen Z users. Nearly all of those participating on the platform are younger than 22. The app differentiates itself from Big Tech social [...]
Financial Leaks Today’s inflationary environment has many Americans practicing heightened vigilance about unnecessary spending. At the same time, a recent survey found that a large percentage of consumers have forgotten about some subscriptions, effectively leaking dollars from their wallets. Market Research firm C&R Research found consumers’ $86 estimate of how [...]
SoFi Invest will now add 4 ½ additional trading hours, from 9 AM ET until 8 PM ET, to make trading easier than ever for members across the country SAN FRANCISCO – June 2, 2022 – SoFi Technologies, Inc. (“SoFi”), the digital personal finance company, today announced SoFi Invest is [...]
Casting a Wider Net The new term du jour is “bear market rally,” and the exercise du jour is trying to determine if any uptrends we see in markets are simply brief rallies in an otherwise downward trending period, or if they’re indications that we’re entering a new phase of [...]
Pandemic Boom Years During the pandemic, buy now, pay later programs, sometimes shortened to BNPL, proliferated as many Americans spent time in lockdown shopping. Consumers seemed to enjoy having the option to acquire an item when they wanted it, while simultaneously putting off payment. The programs were especially appealing to [...]
Staying the course financially can be difficult, and that can compound now that summer is here. Sunny days, warm weather, and a slew of social media posts boasting about summer plans, home upgrades, and the summer wedding season can bring on some serious fear of missing out (or FOMO). But [...]
Recurrent Ventures Snags $300 Million Media company Recurrent Ventures snagged $300 million in a round led by private equity giant Blackstone (BX), bringing its total funding up to $400 million. The owner of 24 publishing brands such as Popular Science, Saveur, and Outdoor Life, Recurrent Ventures plans to use the [...]
The Rout May Persist After a run-up in 2021, semiconductor stocks have struggled to keep their footing this year. Tech giants like Advanced Micro Devices (AMD), NVIDIA (NVDA), and Qualcomm (QCOM) have seen their valuations plummet as the shortage in chips has hit their bottom lines. Poor performance in the [...]
