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The Week in Review
• Markets were volatile this week during a busy week of major earnings results. Technology earnings weighed heavily on sentiment, but roughly in-line economic data provided some confidence.
• Wall Street is paying close attention to the bond market, which continues to be volatile. The yield on the benchmark 10-Year US Treasury hit its highest level since 2018. Analysts say that has weighed on stocks and led to fears of an economic slowdown.
• Federal Reserve Chair Jerome Powell gave a speech indicating the central bank needs to be more aggressive in its efforts toward combating inflation. He said a 50-basis-point hike is on the table at next month’s meeting. Investors are looking for insight as to how quickly the Fed plans to raise rates.
For more economic news and how it affects your money, visit the SoFi app.
Cannabis is a Budding Industry
The trend toward cannabis legalization has turned the business of growing it and selling it into one of the hottest industries in recent years.
The global legal marijuana market is estimated to reach $70.6 billion by 2028, with the market expected to expand at a compound annual growth rate (CAGR) of 26.7%. Such trends have lured stock investors who are eager to benefit from potential gains. But wild swings in marijuana company shares show how volatile the industry can be.
Hunting for the next big marijuana investment may seem like an exciting endeavor. But investors should keep in mind that the cannabis industry may continue to encounter obstacles even if broader-scale legalization occurs in the near future. And outside the regulatory challenges, cannabis-related businesses tend to be newer, untested, and not yet profitable, posing greater risks for investors.
Cannabis companies are cashing in on the legalization of marijuana. Here are some companies that may benefit from this budding industry.
This Week’s Top Stories
Would you sign on for a cheaper version of Netflix (NFLX) if it included ads? It’s something the streaming platform is considering after reporting a net loss in subscribers during its most recent quarter.
After it reported the loss of subscribers, and predicted the trend will continue, competitors like Disney (DIS), Warner Bros. Discovery (WBD), and Paramount Global (PARA) saw their share prices move lower. Some wonder if Netflix has already hit its peak — but other signs suggest there’s room for growth.
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Where do investors still find growth in an environment where growth stocks are facing pressure? Here are three themes that SoFi’s Head of Investment Strategy thinks can produce growth over the next 2-5 years, and are worth taking a look at while they’re trading at lower levels in a bumpy market.
Liz finds this market just as challenging as anyone, but she also recognizes that there are always things to buy if we can keep our eyes on the 2-5 year prize.
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As the pandemic turned American’s world upside-down, fried food gained favor as the go-to creature comfort.
As the pandemic dragged on people increasingly turned up their noses at salads preferring all things fried. With so many of life’s pleasures out of reach, Americans sought comfort in food and dieting fell from favor.
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Deep Dives from SoFi Learn
Are NFTs bad for the environment? It turns out that NFTs, or non-fungible tokens, require vast amounts of computing power that are adding to greenhouse gas emissions — fueling a debate about how sustainable these digital artworks and collectibles really are.
Although the NFT space is exciting and full of possibility, the revelation that NFT production consumes enormous amounts of energy has raised red flags — and a search for sustainable solutions. Here’s what you need to know.
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It may sound intimidating (or simply futile). But, with a little research and a well-thought-out approach, it may be possible to negotiate your monthly rent and land a better deal.
To increase your chances of sweetening your deal, you may want to try some of these smart negotiating techniques.
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Here are some examples of socially responsible criteria investors may use when picking which assets to purchase (and, perhaps, which ones to divest from).
Examining investments through the lens of environmental, social, and governance factors may help investors create portfolios that boost global progress in these three areas, allowing investors to sync their values with companies that share them, too.
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