Research shows 56% of Gen Z do not have enough savings to cover one month of expenses if income stops. Experts recommend targeting an emergency fund covering 3-6 months of essential expenses like rent and groceries. Automating transfers to a high-yield savings account, such as SoFi Checking and Savings, can help build funds efficiently with added interest and bonuses. Avoid keeping emergency funds in checking accounts or cash at home to ensure stability and accessibility during emergencies.
SoFi Technologies shares have dropped nearly 30% year-to-date but are showing signs of recovery with an 8.3% gain in the past month. The company reported better-than-expected Q2 earnings and record loan originations, prompting an increase in full-yea...
Fintech stocks rallied Friday, driven by Bitcoin's breakout which boosted retail brokerages and crypto-linked fintech firms. Robinhood Markets led with a 13% gain due to its direct crypto transaction revenue, followed by SoFi Technologies up 5% with ...
For those building retirement savings, investing through 401(k)s, IRAs, or brokerage accounts is best for long-term growth due to tax advantages and compounding. Fidelity, Charles Schwab, and SoFi are top brokers offering low fees and strong investme...
Jim Cramer criticized analysts' overenthusiasm for a few fintech stocks—SoFi, Klarna, and PayPal—calling for patience until these stocks drop before recommending them. Despite strong earnings, these fintech names have struggled with price declines du...
Fintech stocks like SoFi Technologies, Upstart Holdings, and Affirm Holdings rose sharply midday Wednesday following a decline in long-term Treasury yields. The U.S. Treasury announced it would double buybacks of long-dated government debt, causing 1...
