The Need for Temps During the Surge Companies involved with both direct food production and food distribution, like supermarkets, are finding themselves hiring more short-term workers amid staffing shortages. When employees began calling out sick more frequently, executives tried to fill the gap by hiring temp workers in order to [...]
Investors’ Green Enthusiasm Has Waned Early in 2021 investors were clamoring to get a piece of so-called green startups that focused on making electrical vehicles, corresponding batteries, and things like eco-friendly farming. Analysts say the allure was twofold: potential for large returns while also putting investment dollars toward reducing the [...]
The Creation of a Mammoth ULCC Frontier Group (ULCC) is set to acquire fellow ultra-low-cost carrier Spirit Airlines (SAVE) in a cash-and-stock deal. The merger would leave Frontier as a majority shareholder of the new company. Industry observers note the resulting airline would be a behemoth in the relatively new [...]
Starting today, SoFi Invest, SoFi’s investing platform, will offer margin trading to members, the next step in our efforts to meet the needs of both new and experienced investors alike with our suite of tools. SoFi’s interest rates will be among the most competitive on the street, with a base [...]
Prices, They Are A-Changin’ Shoppers are encountering rapidly changing prices on a number of items these days, including everyday purchases such as groceries or hardware. Retailers explain this is tied into rising costs as well as product shortages due to the pandemic, with analysts pointing to effects felt both online [...]
Economic Data Today, the Federal Reserve reports December’s consumer credit figure, which totals all loans Americans took on including credit card debt. The November figure increased by $40 billion, more than double expectations. Analysts say this shows US households are using debt more freely now that COVID-19 stimulus funds are [...]
Chargebee Picks Up $250 million, Doubles in Value Indian startup Chargebee is announcing another $250 million in funding, bringing its valuation to $3.5 billion. Chargebee’s value has now doubled over the past year. Both Tiger Global and Sequoia Global led this fundraising round. A subscription management service, Chargebee services startups [...]
Property Owners Pivot Amid Rise of Online Shopping Property owners across the country are facing an ongoing problem. Department stores are increasingly closing, leaving large amounts of space vacant in shopping malls. The general rise of online shopping and its accelerated growth amid the pandemic only serve to exacerbate the [...]
Show Me the Flows We managed to get out of January bruised, but alive. It’s tempting to call bottoms in a rough market, assume the worst is behind us, and proceed forward in hopes that things will only get better from here. I think things will get smoother, but not [...]
The rumors are true – SoFi has received regulatory approval to become a national bank, which means existing SoFi Money members can soon start earning up to 1.00% APY on checking and savings balances with direct deposit. If you’re an existing member, we’ll be emailing you in the coming weeks [...]
