The Week in Review
Despite economic data, markets started the week strong on lower treasury yields and news of larger than estimated government infrastructure spending.
While markets were rattled by rising COVID stats, Fed comments around a robust economic outlook shielded cyclical stocks more than tech.
Stocks continued to decline toward the end of the week despite better jobless claims. While good for the economy, this data could buoy rate-rise fears.
For more news and how it affects your money, visit the SoFi app.
This Week’s Top Stories
A US trial found that the COVID-19 vaccine developed by AstraZeneca (AZN) and Oxford University is safe and highly effective. Learn more about what this means for vaccine roll out in the US and around the world.
Coworking space providers have been battered by the pandemic for the past year. Demand for their services tumbled as people across the country shifted to working from home in a matter of weeks. But in the upcoming months, coworking companies may need to deal with the opposite problem they faced a year ago: demand for flexible office space is likely to jump at a time when supply is limited.
Over the past year, a number of food delivery apps including DoorDash and GrubHub have entered the grocery delivery sphere. However, grocery stores can only afford to pay a 15% to 20% fee to delivery companies so profitability remains an issue. Learn more about the unique challenges of this sector of the ecommerce market.
Deep Dives from SoFi Learn
Wondering what to do to prepare to buy a house? Here are 8 steps home buyers can take before purchasing a new home.
Looking for the right debt repayment plan? From the snowball method to consolidation, we’ll guide you toward a debt payoff plan that fits your lifestyle. Learn more about these four strategies for paying down debt, and how to choose the one that’s right for you.
Saving money can bring security, freedom, and fun. Here are easy ways to save money each month.
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