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☆ Stock market set-up looks stronger than expected, says SoFi's Liz Young
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market set-up looks stronger than expected, says SoFi's Liz YoungStephanie Link, Jim Lebenthal, and Liz Young join 'Halftime Report' to discuss the first trading day in August, economic acceleration led by consumer spending, and a broadening in the market.

Persons: SoFi's Liz Young Stephanie Link, Jim Lebenthal, Liz Young Organizations: Email

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Amazon, Gap, Target, PayPal, Coinbase & more
▼ + stars: | 2023-08-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Tesla as equal weight Morgan Stanley said in its annual ask the interns survey that Tesla favorability fell. " Morgan Stanley reiterates PayPal as overweight Morgan Stanley said it's bullish heading into PayPal earnings on Wednesday. " Oppenheimer reiterates Target as outperform Oppenheimer said investors should buy the dip ahead of Target earnings later this month. Bank of America reiterates DraftKings as buy Bank of America is bullish heading into earnings later this week. Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating, but that the company needs an electric vehicle strategy change soon.

Persons: Baird, it's, Cantor Fitzgerald downgrades Rivian, Cantor, Morgan Stanley, Tesla, Read, RMD, PYPL, Oppenheimer, Canaccord, Estee Lauder, DraftKings, DoorDash, comps, Bernstein, Goldman Sachs, Goldman, Ford Organizations: Apple, Mercedes, Barclays, 2H23, RBC, PayPal, Citi, EL, Amazon, Bank of America, Anheuser, Busch InBev, Goldman, Meta Locations: US

☆ Take profits on SoFi after recent rally, KBW says
▼ + stars: | 2023-08-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should sell their SoFi holdings after the stock has more than doubled in just a few months, KBW said. Analyst Michael Perito downgraded the financial technology stock to underperform from market perform while simultaneously hiking his price target for shares by $2 to $7.50. Still, Perito's new price target implies shares could tumble 34.5% from where they finished Monday. "We believe valuation has overshot the fundamental earnings outlook," Perito said in a note to clients Monday. SoFi posted a loss of 6 cents per share when accounting for GAAP, while analysts polled by FactSet forecasted 7 cents lost per share.

Persons: KBW, Michael Perito, Perito, SoFi, — CNBC's Michael Bloom Organizations: FactSet Locations: 2Q23

☆ Stocks making the biggest moves premarket: Uber, Gap, Caterpillar & more
▼ + stars: | 2023-08-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Gap — The retail stock climbed nearly 4% after Barclays upgraded Gap to overweight from equal weight. Incyte — Shares rose 2% after Incyte beat analysts' expectations in its latest results. The pharmaceutical company reported second-quarter revenue of $954.6 million, exceeding the FactSet consensus estimate of $909.7 million. ZoomInfo Technologies — Shares sank by nearly 20% in premarket trading after the data company reported a weak outlook for third-quarter revenue. Arista Networks — Shares advanced 13.6% in premarket trading after the company reported after the bell Monday that its quarterly earnings topped analysts' expectations.

Persons: Michael Perito, Perito, Estee Lauder, Adrienne Yih, Incyte, Herve Hoppenot, Dara Khosrowshahi, Merck, Monday's, Macheel, Alex Harring, Yun Li, Sarah Min, Michelle Fox Theobald Organizations: SoFi Technologies, Barclays, Body, Caterpillar —, Caterpillar, Merck —, Pfizer, Toyota, Refinitiv, Arista Networks —, Arista, Revenue Locations: China, Monday's, Jakafi, Refinitiv

Second-quarter earnings for S&P 500 companies are estimated to have fallen 6.4% year-over-year, Refinitiv data through Friday showed. Citigroup raised its 2023-end and mid-2024 S&P 500 targets to 4,600 and 5,000, respectively, to reflect a higher possibility of a soft landing. According to preliminary data, the S&P 500 (.SPX) gained 7.64 points, or 0.17%, to end at 4,589.15 points, while the Nasdaq Composite (.IXIC) gained 29.37 points, or 0.21%, to 14,348.50. Nearly half of the top 11 S&P 500 sectors posted gains, led by a rise in energy stocks (.SPNY). Adobe (ADBE.O) stocks rose, outperforming tech peers, after Morgan Stanley raised its rating to "overweight" on the photoshop maker.

Persons: Dow, Ross Mayfield, Austan Goolsbee, Jay Hatfield, Johnson, Morgan Stanley, Echo Wang, Johann M Cherian, Vinay Dwivedi, Richard Chang Organizations: Citigroup, Nasdaq, Amazon.com, Apple, Baird, Intel, Lam Research, Chicago Fed, Dow Jones, Infrastructure Capital Advisors, SoFi Technologies, ON Semiconductor, Dow, Johnson, Adobe, Thomson, & & ' Locations: Louisville , Kentucky, New York, U.S, Bengaluru

☆ SoFi CEO Anthony Noto: Growing deposit customers have fueled growth in lending business
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto: Growing deposit customers have fueled growth in lending businessSoFi CEO Anthony Noto joins 'Squawk on the Street' to discuss the company's margin improvements in Q2, the company's added deposits, the stock's recent rally, and more.

Persons: Anthony Noto

☆ Stocks making the biggest moves midday: SoFi, ON Semiconductor, Disney, Sweetgreen and more
▼ + stars: | 2023-07-31 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

SoFi Technologies – Shares of the fintech company popped more than 18% after it reported second-quarter results and lifted its full-year guidance. ON Semiconductor — The chipmaker's shares jumped 3.2% after it posted an earnings and revenue beat for the second quarter. New Relic — Shares jumped 13.4% after a private equity consortium announced it would take the software company private. Sweetgreen — The salad chain's shares jumped 11% Monday after an upgrade from Piper Sandler. Adobe — The software stock jumped 3.9% after Morgan Stanley upgraded the shares to overweight from equal weight.

Persons: FactSet, Disney, Kevin Mayer, Tom Staggs, Bob Iger, Spero, Sweetgreen, Piper Sandler, XPeng, Cowen, Morgan Stanley, Morgan Stanley's, Goldman Sachs, Wayfair, Salesforce's, — CNBC's Hakyung Kim, Yun Li, Sarah Min, Tanaya Macheel, Samantha Subin Organizations: SoFi Technologies, Disney, Financial Times, Food and Drug Administration, UBS, Hasbro, of, Bank of America, CVS, Adobe, Chevron, New York Community Bancorp, Deutsche Bank, CSX, RBC Locations: Bob Iger .

Second-quarter earnings for S&P 500 companies are now estimated to have fallen 6.4% year-over-year, according to Refinitiv data. Citigroup raised its 2023-end and mid-2024 S&P 500 targets to 4,600 and 5,000, respectively, to reflect a higher possibility of a soft landing. Seven of the top 11 S&P 500 sectors gained, led by a 2.0% rise in energy stocks (.SPNY). The S&P index recorded 25 new 52-week highs and no new low, while the Nasdaq recorded 71 new highs and 37 new lows. Reporting by Johann M Cherian and Bansari Mayur Kamdar in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Zaccarelli, Austan Goolsbee, Johnson, Morgan Stanley, Johann M Cherian, Vinay Dwivedi Organizations: Citigroup, Dow, Nasdaq, Apple, AMD, Independent, Alliance, Microsoft, Intel, Lam Research, Chicago Fed, Dow Jones, Financial, SoFi Technologies, ON Semiconductor, Johnson, UBS, Adobe, NYSE, Thomson, & & ' Locations: U.S, Xpeng, Bengaluru

Second-quarter earnings for S&P 500 companies are estimated to have fallen 6.4% year-over-year, Refinitiv data through Friday showed. The tech-heavy Nasdaq led Wall Street higher last week as megacap growth companies such as Alphabet (GOOGL.O), Meta Platforms (META.O) as well as chipmakers Intel (INTC.O) and Lam Research (LRCX.O) posted strong quarterly earnings. Citigroup raised its 2023-end and mid-2024 S&P 500 targets to 4,600 and 5,000, respectively, to reflect a higher possibility of a soft landing. Eight of the top 11 S&P 500 sectors posted gains, led by a 2% rise in energy stocks (.SPNY). The S&P 500 posted 27 new 52-week highs and one new low; the Nasdaq Composite recorded 95 new highs and 57 new lows.

Persons: Ross Mayfield, Austan Goolsbee, Jay Hatfield, Johnson, Morgan Stanley, decliners, Echo Wang, Johann M Cherian, Vinay Dwivedi, Richard Chang Organizations: Citigroup, Dow, Nasdaq, Amazon.com, Apple, Baird, Intel, Lam Research, Chicago Fed, Dow Jones, Infrastructure Capital Advisors, Financial, SoFi Technologies, ON Semiconductor, Johnson, Adobe, NYSE, Thomson, & & ' Locations: Louisville , Kentucky, New York, U.S, Bengaluru

☆ SoFi shares jump after lending company posts strong earnings and revenue forecasts
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi shares jump after lending company posts strong earnings and revenue forecastsCNBC's Kate Rooney joins 'The Exchange' to discuss SoFi's strong quarter on the lending side, SoF's executive raising full year guidance, and SoFi initiatives aimed at diversifying revenue.

Persons: Kate Rooney

NEW YORK, July 31 (Reuters) - Shares of SoFi Technologies Inc (SOFI.O) rose by more than 22% on Monday, hitting highest level in more than a year, after the financial services provider reported second quarter results that beat analyst expectations. That result exceeded the average analyst estimate of $476.2 million and $261.3 million for SoFi's revenue and NII, according to Refinitiv data. SoFi's shares rose as high as $11.70, the highest level since March last year, before closing at $11.45 on Monday - a nearly 20% gain from the previous session. "(Second quarter) results beat expectations and were largely positive with continued rapid member and deposit growth," Jefferies analysts, led by John Hecht, said in an investor note. "We highlight that results were more from net interest income and less from fair value marks relative to our forecast, which represents recurring revenues," the analysts added.

Persons: John Hecht, Jefferies, Chibuike Oguh, Medha Singh, Nick Zieminski, Susan Heavey Organizations: YORK, SoFi Technologies, JPMorgan, Jefferies, Wall, Thomson Locations: San Francisco, New York, Bangalore

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho

☆ I don't think there's much effect of another 25 basis point rate hike, says SoFi's Liz Young
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't think there's much effect of another 25 basis point rate hike, says SoFi's Liz YoungLiz Young, SoFi head of investment strategy, and Kari Firestone, Aureus Asset Management chairman and CEO, join 'Squawk Box' to discuss the Fed's rate hike campaign, earnings season, market outlook, and more.

Persons: SoFi's Liz Young Liz Young, Kari Firestone Organizations: Aureus Asset Management

☆ July jobs report and more Big Tech earnings are in the week ahead after markets notch historic run for Dow
▼ + stars: | 2023-07-28 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

More Big Tech earnings and the jobs report are in the week ahead as investors wrap up a strong week that included a historic run for the Dow Jones Industrial Average . Jobs report out Friday Investors will digest the latest data from the July jobs report due out next Friday. "I don't expect any huge surprise from this jobs report next week," said Liz Young, head of investment strategy at SoFi. Earnings will continue to pour in next week, with key results from Big Tech companies Apple and Amazon on Thursday. Still, cooling inflation, strong jobs market and a resilient economy could spell a happy path for Wall Street.

Persons: Dow, Queen Victoria, Kim Forrest, Jerome Powell, Forrest, Nonfarm, Dow Jones, Liz Young, Bokeh's Forrest, they're, She'd, we've, SoFi's Young, Young, she'd, Stanley Black, Decker, The Kraft Heinz Organizations: Big Tech, Dow Jones, Dow, Cotton Oil, Bokeh Capital Partners, Meta, Federal Reserve, Pew Research, Apple, Semiconductor, Bank of Japan, Chicago PMI SA, Dallas Fed, Arista Networks, Western, Systems, PMI Manufacturing SA, ISM Manufacturing SA, Merck, Co, Caterpillar, Marriott International, Altria, Cruise Line Holdings, Pfizer, Marathon Petroleum, Molson Coors Beverage, SolarEdge Technologies, Devices, Caesars Entertainment, Electronic Arts, Starbucks, ADP Employment Survey SA, CVS Health, Fidelity National Information Services, Generac Holdings, Humana, The Kraft, Brands, MetLife, Marathon Oil, Occidental Petroleum, PayPal Holdings, Qualcomm, Etsy, Costco Wholesale, MGM Resorts, SA, PMI, Factory, PMI SA, News Corp, Constellation Energy, Moderna, Warner Bros, Discovery, Hasbro, ConocoPhillips, Kellogg, Booking Holdings, Expedia, Motorola Solutions, Monster Beverage, Manufacturing Payrolls SA, Nonfarm Payrolls SA, Dominion Energy Locations: United Kingdom, U.S

How to fill out a money orderTo take advantage of the various benefits of money orders, you'll need to know how to fill out a money order correctly. Where to buy a money orderOne of the most inexpensive places to buy a money order is Walmart. Here's a quick overview of how much it costs to buy a money order:Places to buy a money order Price to buy a money order Walmart maximum fee of $1 USPS $2 for money orders under $500; $2.90 for money orders of $500.01 to $1,000; $0.65 for postal military money ordersMany grocery stores and convenience stores that you already frequent each week also may sell money orders. Filling out money order FAQsDo money orders expire? You'll need the money order number and precise dollar amount to see if a money order was cashed.

Persons: you've, You'll, you'll, refunding, it's, Here's, Price Organizations: Service, Walmart, United States Postal Service, Western Union Locations: Wall, Silicon, Chevron

☆ I'm 26 years old, making $90,000 a year. Here's how I budget my money to afford to live in San Francisco and enjoy monthly manicures and $22 kebab orders.
▼ + stars: | 2023-07-24 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Alexis is a 26-year-old living in San Francisco earning $90,000 a year as an account supervisor. We asked Alexis, a 26-year-old San Francisco resident, about her biggest spending categories, biggest money mistakes, and financial goals. Childhood dreams brought me here to San Francisco. But I moved to San Francisco at the same time as that raise — and taxes are much higher here — so my post-promotion paychecks only increased by $50. I know I'm going to have to be more conscious about eating out to make room for those payments.

Persons: Alexis, Gen Zers, It's, I've, I'm Organizations: Service, Trader Joes, Safeway Locations: San Francisco, Wall, Silicon, Iowa, Phoenix, Francisco, Europe

☆ 'Risk appetite is back', says SoFi's Liz Young on Carvana's stock jump
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Risk appetite is back', says SoFi's Liz Young on Carvana's stock jumpLiz Young, SoFi head of investment strategy, joins 'Last Call' to talk Carvana's massive stock gains, meme stocks making a comeback and more.

Persons: SoFi's Liz Young, Liz Young

☆ Grab a 4.9% yield for parking money at this bank
▼ + stars: | 2023-07-18 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Bread Financial recently boosted its savings account annual percentage yield to 4.9%, an increase of 15 basis points. An analysis by Stephens showed that a handful of institutions boosted yields on savings products this week. Synchrony Financial hiked its savings account yield 20 basis points to 4.5%. SLM , known as Sallie Mae, lifted its yield to 4.25%, up 15 basis points, and SoFi Technologies raised the rate on its savings account to 4.4%, an increase of 10 basis points. When it comes to shopping for online savings accounts, investors shouldn't just look for the highest yields, especially because banks can adjust what they're willing to pay.

Persons: Stephens, Sallie Mae, Vincent Caintic, —, shouldn't, — CNBC's Michael Bloom Organizations: Bread Financial, Synchrony, Technologies Locations: Columbus , Ohio, Treasurys

☆ Stock futures inch lower ahead of busy earnings day: Live updates
▼ + stars: | 2023-07-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Stock futures were little changed in overnight trading as Wall Street looked ahead to a busy earnings day. Futures tied to the Dow Jones Industrial Average dipped 21 points, or 0.06%, while S&P 500 futures and Nasdaq-100 futures slipped 0.1% and 0.13%, respectively. The action followed a downgrade from Citi on the heels of an investigation by The Wall Street Journal that linked the telecom company to toxic lead cable use. Wall Street awaits a packed earnings day Tuesday, with results on deck from Bank of America , Morgan Stanley , Bank of New York Mellon and PNC Financial . "You wouldn't have those negative leading indicators, and even some of the concurrent indicators, if we were in a sweet spot."

Persons: Stocks, Morgan Stanley, Lockheed Martin, J.B, Hunt, SoFi's Liz Young Organizations: Dow Jones, Nasdaq, Citi, Wall Street, Bank of America, Bank of New York Mellon, PNC Financial, Lockheed Locations: Bank

☆ Israel's Oddity seeks higher valuation in US IPO
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +1 min

July 17 (Reuters) - Oddity Tech said on Monday it was targeting a valuation of $1.92 billion in its U.S. initial public offering (IPO), more than 13% higher than what it was previously seeking. Over 10.5 million shares priced between $32 and $34 each will be offered, Oddity said. At the top end of the new range, the IPO would fetch around $358 million for Oddity and its existing investors who are cashing out some of their stake. It was previously expected to rake in around $316 million. Up to 2% of the shares being sold will be offered to retail investors via brokerage firm SoFi Technologies (SOFI.O), Oddity said.

Persons: Tech, Oddity's, Johnson, Niket, Shinjini Organizations: Federal Reserve, SoFi Technologies, Thomson Locations: Bengaluru

[1/5] Jul 16, 2023; Inglewood, California, USA; Mexico forward Henry Martin (20) and forward Uriel Antuna (15) celebrate in the first half against Panama during the CONCACAF Gold Cup Final at SoFi Stadium. Mandatory Credit: Kirby Lee-USA TODAY SportsLOS ANGELES, July 16 (Reuters) - Second-half substitute Santiago Gimenez scored with two minutes left to give Mexico a 1-0 win over Panama in the CONCACAF Gold Cup final on Sunday and secure a record-extending ninth title for 'El Tri'. God, my family and the people who came today, 75,000 people. The victory was a welcome one for Mexico, who had failed to make it beyond the group stage at last year's World Cup. It also denied underdogs Panama, who upset the United States in the semi-finals, their first Gold Cup title.

Persons: Henry Martin, Uriel Antuna, Kirby Lee, Santiago Gimenez, Edson Alvarez, Gimenez, Henry Martin's, Orlando Mosquera, Panama’s Harold Cummings, Panama's, Edgar Barcenas, Jaime Lozano, Diego Cocca, Rory Carroll, Peter Rutherford Organizations: Panama, CONCACAF, SoFi, USA, LOS ANGELES, El, U.S, Nations League, Thomson Locations: Inglewood , California, USA, Mexico, El Tri, Argentina, United States, Canada, Panama, Los Angeles

☆ SoFi's Liz Young doesn't believe markets are in a sweet spot
▼ + stars: | 2023-07-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi's Liz Young doesn't believe markets are in a sweet spotLiz Young, SoFi head of investment strategy, joins 'Closing Bell' to discuss the economy, markets, and more.

Persons: Liz Young

Pros Check mark icon A check mark. Competitive APY Check mark icon A check mark. High interest rate Check mark icon A check mark. High interest rate Check mark icon A check mark. Earn a higher interest rate if you set up direct deposit Check mark icon A check mark.

Persons: you've Organizations: Milli, FDIC, Bank of, Federal Reserve, Federal, Chevron, Reading Chevron, Western Alliance, Mint, Mobile, National Bank of, Synchrony Bank, SoFi Bank, Green Locations: Bank of Omaha, National Bank of Omaha

☆ Bulls and bears are locked in a battle for Wall Street
▼ + stars: | 2023-07-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Bulls and bears have always engaged in battle on Wall Street. Before the Bell: Why is there a growing division between bulls and bears? If a rally continues, the bulls will say that the bears missed it. If it moves in the other direction, in a swift fashion, then the bears will say that the bulls were overly optimistic. “I don’t know if it’s going to lead to a soft landing, a mild recession or a hard recession,” Dimon said during the call.

Persons: Liz Young, Bell, Young, we’re, Jamie Dimon, I’ve, Matt Egan, Dimon, JPMorgan Chase, “ tailwinds, ” Dimon, ” Jeremy Barnum, ” Barnum, Coco Chanel ’, Ellie Stevens, Shein, “, Coco Chanel, Yves Saint Laurent, Xu Yangtian, Chris Xu, “ SHEIN, ” Organizations: CNN Business, Bell, New York CNN — Bulls, Big Tech, JPMorgan, CNN, JPMorgan Chase, First Locations: New York, Ukraine, First Republic, California

☆ Watch CNBC’s full interview with SoFi's Liz Young, Crossmark’s Victoria Fernandez and Invesco Global's Brian Levitt
▼ + stars: | 2023-07-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with SoFi's Liz Young, Crossmark’s Victoria Fernandez and Invesco Global's Brian LevittSoFi's Liz Young, Crossmark’s Victoria Fernandez and Invesco Global's Brian Levitt, join 'Closing Bell' to discuss the economy, markets, and more.

Persons: SoFi's Liz Young, Crossmark’s Victoria Fernandez, Invesco, Brian Levitt, Liz Young

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