Friday Fundings: Profishop, Linktree, Getir Profishop is a B2B ecommerce platform that sells products for businesses, especially those with industrial components. This includes things like office supplies as well as power tools and farming equipment. The company’s model involves working directly with manufacturers rather than wholesalers. Tiger Global has invested [...]
A Seasonal Mismatch Supply-chain bottlenecks are leaving name-brand stores like Gap (GPS) and Express (EXPR) with empty space on their shelves. This is a result of increased transit time when moving cargo from Asia to the US West Coast. Shipments typically take about 100 days — twice as long as [...]
Illegally Shared Accounts For years, streaming giant Netflix (NFLX) has more or less looked the other way when it came to people sharing accounts. Now, the company has announced a plan aimed at cracking down on the practice by charging users when accounts are shared outside of their household. The [...]
The Biden Administration continues to waffle on the issue of federal student loan repayment and possible debt forgiveness. This indecision has cost American taxpayers over $150 billion since March 2020, when the broad student loan payment moratorium was put in place (rightfully so) and since being extended three additional times [...]
Wheels Up It’s official, we have liftoff. In a much anticipated move, the Federal Reserve raised its benchmark policy rate by 25 basis points to a range of 0.25-0.5%. This is the first rate hike since Dec 2018, and is a meaningful step toward tighter monetary policy as the Fed [...]
Expanding the Fleet Amazon (AMZN) is scrambling to improve its logistics after supply-chain disruptions coincided with a surge in online shopping that strained the company’s ability to meet demand for speedy deliveries. Now Amazon is expanding its aircraft fleet in an effort to eliminate uncertainty and take back control. The [...]
That’s a Lot of Cabbage The National Retail Federation estimates the average consumer will spend just over $42 this year during St. Patrick’s Day festivities. Not surprisingly, the number of beers sold typically increase by as much as 174% for the day, while sales of spirits rise by closer to [...]
The Federal Reserve announced a 0.25 percentage point increase in interest rates on Wednesday, pushing them above near-zero levels for the first time in two years. Analysts have been expecting this rate increase, but questions remain about how much further the Fed will raise interest rates in the coming year. [...]
To support our ongoing commitment to drive positive change through environmental, social, and governance programs (ESG), we recently launched a dedicated SoFi ESG Committee. The 10-person committee brings together key SoFi stakeholders from our facilities, compensation, legal, compliance, investor relations, talent, and financial reporting teams who are tasked with tracking [...]
This Week’s Increase The Federal Open Market Committee’s two-day meetings start today, where the central bank is expected to enact the first in a potential series of interest-rate hikes. The goal behind the anticipated 25-basis-point increase is to control inflation, which is at its highest level in 40 years. CPI [...]
