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For SoFi CEO Anthony Noto, the topic of excessive student loan debt is personal and runs far deeper than him being CEO of a fintech company that refinances student loans. “My younger brother Tommy died in 2018, and it was a very traumatic experience for us as a family. My older brother and I were going through his belongings in his apartment a couple days after he passed away. On his desk was a letter from Mohela. I opened up that letter [from] a 47-year-old man who had been incredibly… Source link

Warren Buffett is channeling one of his long-held investing philosophies in his recent flurry of buzzy deals, says one fellow value-focused investor. That is to be greedy when others in the market are fearful. “I think he is reminding us that when the tide goes out, we see who has been swimming,” remarked Research Affiliates CEO Chris Brightman on Yahoo Finance Live. The 91-year-old billionaire investor revealed Monday that his Berkshire Hathaway will spend $11.6 billion to buy insurance… Source link

Affirm founder and CEO Max Levchin has a few things flowing in his veins. One, an admirable work ethic that sees him pushing his own physical boundaries each day. Think working to near exhaustion (yes, for real, as the stories on Levchin are told). And two, financial services — which perhaps harkens back to Levchin arriving to the United States in 1991 from Ukraine as a teenager in search of the American Dream, with little money at first. “I came to the U.S. as a teenager, I had no credit… Source link

AMC (AMC) raised ticket prices for “The Batman” — an experiment that the company publicly declared it was testing in the U.S. as the theatrical experience gravitates toward a more premium one. But did elevated ticketing work, and could we see more higher prices as a result? According to box office analytics platform EntTelligence, AMC charged about $1 more than its average ticket price to see “The Batman” during the film’s opening weekend on March 4 ($14.50 vs. $13.66) with price increases… Source link

Robinhood (HOOD) is launching a Cash Card and banking on consumer spending trends to unlock its next growth opportunity. For each transaction, Robinhood Cash Card customers can decide whether to round up their change to the nearest dollar when they make purchases and they can then choose an investment asset to direct their spare change to. “The next generation has a high interest in investing, but it is out of reach for many because they’re caught up in the cycle of spending” Robinhood… Source link

Panera on Wednesday officially entered the chicken sandwich competition. On March 30th, “Chef’s Chicken Sandwiches” will be available at Panera locations nationwide and via the company’s app. Diners will have two options: the “Signature Take” and the “Spicy Take.” Both include a quarter pound of all-white meat chicken breast filet, marinated and seasoned with the chain’s spice blend. Each filet is topped with a crunchy topping. The Signature version includes parmesan crisps and topped… Source link

Tesla’s (TSLA) Berlin Gigafactory is now live, and it will be super important to the EV giant’s future, analysts say. On Tuesday, the factory received CEO Elon Musk, who presented customers with the first Model Ys made at the facility. Tesla’s new factory is 20 or so miles southeast of the German capital and houses roughly 10,000 employees. The factory cost north of $5.5 billion to construct. “We view the opening of Giga Berlin as one of the biggest strategic endeavors for Tesla over the last… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 22, 2022 Today’s newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter When it comes to sparking a move higher in stocks, news doesn’t necessarily have to go from bad to good, or from good to great. “Very bad” to “slightly less bad” can be enough. And that reasoning offers one explanation for… Source link

By Lisa Pauline Mattackal and Bansari Mayur Kamdar (Reuters) – Bitcoin just isn’t anonymous enough for a growing cohort of crypto users who are seeking greater seclusion. A volatile class of crypto known as privacy coins, created with the primary aim of masking the identity of users and details of transactions, has quietly been gaining ground this month as maturing bitcoin inches towards mainstream finance. Monero and Zcash, among the most popular, have respectively gained 7.6% and 46% since… Source link

(Bloomberg) — The U.S. bond market reeled further on Tuesday, extending Monday’s declines after Federal Reserve Chair Jerome Powell’s aggressive rate hike comments drove yields on short-dated Treasuries to one of their biggest daily jumps of the past decade. Most Read from Bloomberg The central bank chief’s hawkish tone led traders to rapidly ratchet up estimates for how aggressively the Fed will tighten monetary policy this year as rising commodity prices threaten to add fuel to the… Source link