SoFi Technologies Inc.'sSOFI shares jumped almost 10% on Wednesday after CEO Anthony Noto registered an insider purchase of $5 million in 1.1 million company shares. The personal finance and online bank had been experiencing headwinds as the Biden administration once again extended the payment pause on federal student loans, which according to a Bank of
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The current real estate industry is rife with inefficiencies and inequality. On December 7th, Celligence and Sun West Mortgage President and CEO Pavan Agarwal, spoke at the Benzinga Future of Crypto Conference to explore how blockchain is democratizing real estate and how Celligence is disrupting the industry status quo by putting the power into the
George Parthimos, founder and CEO of Wolfpack Financials LLC, shared the motivation behind his company at Benzingas Fintech Deal Day. Parthimos has several sons who were interested in building a portfolio but were daunted by the complexity of investing in the stock market. Parthimos had the tools to educate his family but knew that many
Melissa Watras of Trillium Labs moderated the panel Regulation: The Problems, Solutions, And Ensuring A Balance at Benzingas Fintech Deal Day. Fintech is innovating at a pace that is difficult for regulators to keep up with. Much of the fintech space exists in a regulatory grey area that is dangerous to the government, consumers, and
On the eighth day of Christmas — Up close and personal: Dolphin POV caught on camera while hunting for tasty fish Accompanying audio recorded dolphins squealing in victory when they captured prey. Jennifer Ouellette – Jan 1, 2023 11:41 pm UTC Enlarge / “I spy with my dolphin eye… something that looks like prey!”Ridgway et
Growing numbers of retail investors are being drawn into commodity trading after two consecutive years of bumper returns, despite concerns that they could suffer huge losses or disrupt the complex and volatile markets. Retail trading volumes in commodity futures and the largest commodity-focused investment funds surged in 2022. But while activity has been spurred by
Pension funds should be “extremely careful” when investing in illiquid assets, as rising interest rates and falling stock markets increase the likelihood of their having to access cash quickly, the OECD has warned. In the recent era of low interest rates, pension funds poured money into alternative investments, such as infrastructure projects and private equity,
Global stocks and bonds lost more than $30tn for 2022 after inflation, interest rate rises and the war in Ukraine triggered the heaviest losses in asset markets since the global financial crisis. The broad MSCI All-World index of developed and emerging market equities has shed a fifth of its value this year, the biggest decline
Melissa Watras of Trillium Labs moderated the panel Regulation: The Problems, Solutions, And Ensuring A Balance at Benzingas Fintech Deal Day. Fintech is innovating at a pace that is difficult for regulators to keep up with. Much of the fintech space exists in a regulatory grey area that is dangerous to the government, consumers, and
Mark Water, Head of Sales at Barchart, shared insights into his company at Benzingas Fintech Deal Day. Barchart is a technology company that specializes in financial market data. Mark shares that, unlike competitors, being a technology company first enables them to leverage the latest and best technology to deliver financial data efficiently and accurately. The
Brian Cox, CEO of SurgePays, Inc. SURG was recently interviewed by Benzinga. SurgePays brings critical technology and financial services to the underbanked and underserved. The company is dedicated to serving these communities that lack access to traditional banking and financial services. The company is currently in growth mode and has removed its self-imposed throttle. Watch
George Parthimos, founder and CEO of Wolfpack Financials LLC, shared the motivation behind his company at Benzingas Fintech Deal Day. Parthimos has several sons who were interested in building a portfolio but were daunted by the complexity of investing in the stock market. Parthimos had the tools to educate his family but knew that many
2020 and 2021 saw a massive expansion of digital offerings across nearly every industry. Many organizations implemented new partnerships to offer digital commerce and payment tools, or even invested in creating their own tools to address the abrupt and urgent need created by the pandemic. This trend was particularly evident in the digital health market,
Its been a bad month for many in the crypto world, including Gemini Exchange and its owners and founders, billionaire twin brothers Tyler Winklevoss and Cameron Winklevoss. On November 16, 2022, Gemini announced on its blog: Genesis Global Capital, LLC (Genesis) the lending partner of the (Gemini) Earn program has paused withdrawals and will not
Throughout 2022, the cryptocurrency sector sent out shockwaves that hitinvestors and those interested in entering into the market particularly Wall Street and fintech with themost recentcollapse of FTXhurting the development oftrust between Wall Street, fintech and cryptocurrencies. ButWall Street is still committed to entering the crypto industry, saidAdam Levine, vice president of corporate strategy at
Pro-Bitcoin politician Sitiveni Rabuka recently took office as the new Prime Minister of the Pacific Islands of Fiji. Now, it seems the new PM is actively considering the adoption of bitcoin as legal tender there. While Rabuka himself hasn’t been very public about his opinions on Bitcoin thus far, Lord Fusitu'a, a noble and former
Blockchain, the technology that underpins cryptocurrencies such as Bitcoin BTC/USD , can propel a traditional financial services firm into the next frontier of fintech. And yet, it's highly complicated and extremely scrutinized thanks to the current drama surrounding certain bad actors (i.e., Luna and FTX). "The scrutiny of the contagion of what has gone wrong
Copping a COPPA violation — Suit accusing YouTube of tracking children is back on after appeal DreamWorks, Cartoon Network, and others accused of illegally luring kids to YouTube. Eric Bangeman – Dec 29, 2022 5:35 pm UTC EnlargeUte Grabowsky/Getty Images reader comments 51 with 0 posters participating Share this story Share on Facebook Share on
As Tesla shares continued to rally for the second day, Cathie Wood-led ARK Investment Management bought 22,514 shares of the EV-maker at an estimated valuation of over $2.74 million. What Happened: Shares of Tesla ended 8.08% higher on Thursday. The rally is in continuation to Wednesdays rebound following Elon Musks call to employees asking them
On the fifth day of Christmas — Bees like to roll little wooden balls as a form of play, study finds It’s a strong indication that insect minds are far more sophisticated than we might imagine.” Jennifer Ouellette – Dec 29, 2022 9:45 pm UTC Enlarge / This bee seems to be having a grand