New Law First things first: Yes, you can still use TikTok. But its future is murky. Last week, we explained how House Republicans attached TikTok legislation to an aid package for Ukraine and Israel. That helped it move through the Senate. On Wednesday, it was signed into law by President Joe Biden. So, what happens…Read more
SoFi Hong Kong Blog - Headlines
Millennial Money Millennials have faced their fair share of financial turmoil in their lifetimes. Even so, their wealth is growing at a historic pace. Millennials have weathered multiple market bubbles and recessions, and are presently faced with a housing and childcare affordability crisis, as well as the highest debt level of any age group in…Read more
Back to Basics Last week was a bit of a wake-up call. GDP growth came in below all estimates, while core PCE inflation (aka the Federal Reserve’s preferred measure of inflation) came in hotter than expected. Weaker growth, but hotter inflation… ouch. Naturally, Treasury yields rose as investor expectations shifted to even fewer interest rate…Read more