Shares of SoFi Technologies fell 4.44% following a bearish report by short seller Muddy Waters, which questioned SoFi's accounting practices. SoFi denied the allegations, affirming compliance with U.S. accounting standards and regulatory oversight, and threatened legal action against Muddy Waters. Company executives also bought shares, signaling confidence in the stock's value despite the controversy. This situation creates potential trading opportunities for the Direxion Daily SOFI Bull 2X ETF (SOFA), which aims to deliver twice the daily performance of SoFi's stock.
SoFi Technologies has declined about 30% year-to-date after two disappointing earnings reports in 2026, underperforming both the fintech sector and the broader market. Investors are looking to the Q2 earnings announcement on July 29 for signs of reco...
With the Federal Reserve expected to keep interest rates steady, high-yield savings accounts are offering attractive returns up to 4.50% APY in mid-2026. Online banks continue to compete aggressively, keeping rates well above the national average of ...
In 2026, high-yield savings accounts (HYSAs) are offering attractive interest rates up to 4.50% APY, far above the national average of around 0.38%. Despite recent Federal Reserve rate cuts and holds, many online banks maintain competitive rates to a...
