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Digital financial services company SoFi Technologies, Inc. (SOFI) reported third-quarter financial results with robust growth in members, products, and cross-buy. The company added 424,000 new members to end the quarter with 4.7 million total members, representing a 61% annual increase. Also, SOFI ended with approximately 7.2 million total products, up 69% year-over-year. Anthony Noto, SOFI’s […]

The healthcare industry seems set to experience tremendous waves of investment and innovation in the foreseeable future. The U.S. government is providing more than $266 million from the American Rescue Plan to expand the community and public health workforce.  Moreover, President Biden is set to sign the Consolidated Appropriations Act of 2023. The omnibus package

Last year, the tech industry incurred huge losses amid inflationary pressures, aggressive interest rate hikes by the Federal Reserve, and layoffs. As reported in November 2022, the tech industry had already lost a massive $7.40 trillion in a year. However, the industry is poised to grow in the foreseeable future. There has been a rising

Veteran investor Warren Buffett is widely known for his long-term value investing strategy. Financial services company Ally Financial Inc. (ALLY) is one of the newest additions to Buffett’s Berkshire Hathaway (BRK.B) portfolio. ALLY was added to Buffett’s portfolio in the first quarter of 2022. As of the fiscal 2022 third quarter, Berkshire Hathaway had approximately

Celsius Holdings, Inc. (CELH) combines nutritional science with mainstream beverages to develop, process, market, distribute, and sell functional drinks and liquid supplements to a more diverse segment of consumers that has remained unserved by legacy energy drinks. The company’s core offerings include pre- and post-workout functional energy drinks, including its flagship brand CELSIUS, a calorie-burning

Despite the recessionary pressures, holiday spending remained robust. According to the Mastercard Spending Pulse, retail sales in the United States increased 7.6% year-over-year from November 1 to December 24. In addition, the 10.6% annual growth in online sales and e-commerce, accounting for 21.6% of all retail sales (up from 20.9% in 2021), indicates that customers

The growing adoption of smart homes makes the prospects bright for smart security systems. Home security devices are also experiencing evolution due to AI and IoT technologies. The home security system market is expected to reach $84.55 billion in the next five years, registering a CAGR of 8.5%. Home improvement company ADT Inc. (ADT) looks

According to the latest CNBC Technology Executive Council survey, 74% of tech executives believe their companies will spend more on new technology in the next 12 months. The global information technology market is expected to grow at a CAGR of 8.8% to reach $13,092.49 billion in 2026. While the slowed demand and rising borrowing costs

Despite concerns regarding the macroeconomic impact of interest rate hikes by the Federal Reserve and other major central banks, prices of iron ore and other minerals have recovered recently. The key driver behind the recovery is the softening stance of the Chinese leadership on its Covid restrictions in the wake of the collateral damage to

The macroeconomic headwinds have kept technology, telecommunication, and media stocks under pressure this year. However, the demand for high-speed data connectivity is fueling the growth of the telecom industry. President Biden’s Bipartisan Infrastructure Law provides a $65 billion investment to expand high-speed internet access across the country. Moreover, the global telecom market is expected to