The Latest Breaking News from SOFI

First: Don't panic.

Financial service company SOFi’s (SOFI) shares have slumped over the past month and are trading below their 50-day and 200-day moving averages. While fundamental weakness is the key reason for the decline, let’s find out if this is the right time to invest in the stock.

Figure built the Provenance blockchain, which has already supported more than $12 billion in transactions.

A private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing that the moratorium has no legal basis and has cost the bank millions of dollars in profits

Despite the Fed’s best efforts, inflation remains above the comfort zone. Minutes from the Fed’s meeting show that officials are keen on raising interest rates. This could keep the stock market under pressure this year. Therefore, it could be wise for investors to steer clear of Shopify (SHOP), Snap (SNAP),…

Shares of SoFi Technologies (SOFI) have gained more than 35% over the past three months based on positive guidance for fiscal 2023. However, uncertainty still looms over its student loan refinancing business, and the stock is expected to encounter more competition from its peers. Given its stretched valuation, it could…

The higher-than-expected CPI and strong jobs data raised the prospect of aggressive interest rate hikes in the upcoming months. This should benefit financial companies as a rising rate environment allows them to generate higher interest income. Given this backdrop, while struggling financial stock SoFi Technologies (SOFI) is best avoided, it…

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Although the financial industry largely benefitted from a rising interest rate environment last year, the potential slowdown in rate hikes this year might pressure the financial companies’ profit margins. Therefore, it could be wise to avoid fundamentally weak financial stocks SoFi Technologies (SOFI) and Upstart Holdings (UPST) before they tumble…

When a private company goes public there’s potential for big gains, but also many risks to consider.