- SoFi Technologies, Inc (NASDAQ:SOFI) stock is down Friday as the Senate cleared the debt ceiling bill with 63 votes in favor of the legislation and 36 against it.
- The CARES Act passed in March of 2020, allowed a pause on student loan repayments. The current debt ceiling deal would terminate this pause, and repayments must resume on August 29, 2023.
- The student loan refinancing firm prosecuted the government to end the pause earlier this year.
- Through student and personal loans, the company aimed to provide a “relationship bank” for individuals battling surging education costs, stagnant wages, and unaffordable housing.
- This week, CEO Anthony Noto flagged challenges individuals face, like surging education costs, stagnant wages, and unaffordable housing in pursuing the American Dream at a JPMorgan investor conference.
- The rising cost of education has left many graduates trapped in a cycle of debt, says Noto.
- Through student and personal loans, the company aimed to provide a “relationship bank” for these individuals to unlock their financial potential.
- Price Action: SOFI shares traded lower by 1.17% at $6.74 on the last check Friday.
Five Point Holdings Q4 EPS $0.15 Down From $0.32 YoY, Sales $17.00M Down From $182.22M YoY
Five Point Holdings (NYSE:FPH) reported quarterly earnings of $0.15 per share. This is a 53.13 percent decrease over earnings of $0.32 per share from the same period last year. The company reported $17.00 million in
