Business ModelWith the quick launch of a variety of goods and services, SoFi has amassed over $25 billion in just three years. Its growing balance sheet has, however, made it more vulnerable to consumer credit risk. The purchase of Galileo, whose platform has seen a sharp rise in accounts, might have been a big victory.
» Read more about: SoFi: Cathie Wood's next big discovery? »
» Read more about: 'Welcome relief' as interest rates cut, RBA's 'trade war' forecast revealed »
The Social Security system pays more than just retirement benefits; it is a social insurance policy that gives workers who pay into the system access to disability benefits for themselves and their dependents, as well as survivors’ benefits. Any errors in a beneficiary’s earnings record could reduce this important financial lifeline when it’s needed the most.
» Read more about: Is Your Social Security Earnings Record Wrong? Here's How to Fix It »
The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the “Greed” zone on Monday.
U.S. stocks settled mostly higher on Monday, with the Dow Jones index gaining more than 100 points during the session.
This company is a standout performer with a long track record of growth.
The S&P 500 is widely regarded as the best overall gauge of the U.S. stock market, as it comprises the 500 largest publicly traded companies in the country. Given the breadth of businesses that make up the index,
WASHINGTON: US authorities have charged Singaporean Malone Lam with heading up a 13-member crime ring that allegedly stole hundreds of millions of dollars of cryptocurrency.
The 20-year-old has already been charged with stealing cryptocurrency worth US$230 million from one victim in Washington DC.
In a new indictment,
WASHINGTON — The Senate advanced a major cryptocurrency regulation bill Monday on a bipartisan vote two weeks after every Senate Democrat united to block it.
The procedural vote on the GENIUS Act — which would establish the first regulatory framework for issuers of stablecoins, digital tokens pegged to fiat currencies like the U.S.
» Read more about: Senate advances a major crypto regulation bill on a bipartisan vote »
WASHINGTON (AP) — The Senate has voted to move forward with legislation to regulate a form of cryptocurrency called stablecoins, two weeks after Democrats blocked the measure.
Monday’s 66-32 procedural vote keeps one of President Donald Trump’s top legislative priorities on track for passage and highlights the growing political strength of the cryptocurrency industry,
» Read more about: Senate advances legislation to regulate stablecoins, a form of cryptocurrency »
The Reserve Bank’s Statement of Monetary Policy, released as the RBA cut rates by 0.25 per cent to 3.85 per cent, the lowest level since May 2023, contains the word “uncertain” 134 times.
At her post-decision press conference on Tuesday afternoon, governor Michele Bullock went further, explaining that the environment was not just uncertain but also unpredictable;
» Read more about: Bullish ASX investors shouldn’t ignore RBA warning »
Gordon Johnson of GLJ Research has sharply criticized Wall Street for overlooking what he describes as Tesla’s (NASDAQ: TSLA) “decade-long lie” about its autonomous driving capabilities.
Johnson argued that Tesla’s claims regarding its Full Self-Driving (FSD) technology are misleading, emphasizing that the company does not operate a single robotaxi today,
» Read more about: Analyst blasts Wall Street for ignoring Tesla’s ‘decade-long lie’ »