| This email is coming from an unmonitored email account. Please do not respond to this message. | | | | | | | | | Market Recap | | | | | Dow Jones | 36,204.44
(-0.11%) | | S&P 500 | 4,569.78
(-0.54%) | | Nasdaq | 14,185.49
(-0.84%) | | | | | | | | | | | | | Choppy, unreliable data is making the Fed's job harder | | | | The Fed never misses a chance to tell us that its policy is data-driven. But what if the data is spotty? Lower response rates to surveys, and complicated seasonal swings are forcing policymakers to think about the high cost of unreliable data.
Read more>> | | | |  | | | | | | | | MARKET RECAP | | | | US pulled back from five straight weeks of gains Monday as the 10-year Treasury yield rebounded | | | | - Shares of Spotify rose 7.5% after the company announced it will cut 17% of its workforce, equal to about 1,500 jobs. Cloud communications company Twilio also announced a new round of layoffs, cutting 5% of its workforce.
- Uber said it would join the S&P 500 on December 18, leading its shares to rise 2.2%.
- Space tourism company Virgin Galactic shares fell 17.5% after founder Richard Branson ruled out additional investments.
- Shares of Alaska Airlines fell 14.2% after agreeing to buy Hawaiian Airlines in a deal valued at $1.9 billion. Other recent airline mergers have faced regulatory hurdles.
- Gold prices hit an all-time high, rallying to more than $2,135 per ounce before retracing its gains.
- U.S. factory orders fell 3.6% in October, the biggest decline since April 2020.
| | | | What to be on the lookout for today | | | | - October job openings and the November services PMI will be released.
- Dave & Buster's and AutoZone will report earnings.
| | | | | | | | What you need to know about gifting stocks | | | | Instead of giving the typical toys, video games, and clothes this holiday season, have you considered giving shares of the companies that make the products?
While toys might break, and batteries can run out, stocks may help the gift receiver take a first step in getting their money right. Plus, you don't have to brave the crowds during holiday shopping!
For 2023, the annual gift tax exclusion is $17,000 per person ($34,000 per married couple).
The gift that keeps on giving
You can simply buy an actual stock certificate to gift it. Some financial institutions allow you to create a custodial account to transfer or buy stocks into. SoFi does not offer gifting of stock at this time.
Learn more about how to budget better this holiday season with SoFi's Holiday Spending Guide. | | | |  | | | | | | | | Today's top stories | | | | | | | | Discover Financial wants to sell its student loan portfolio | | | | Discover wants to offload its student loan business, and will no longer accept new loan applications after January. Here's what you need to know.
Read more >> | | | | Not all food companies are panicking about weight-loss drugs | | | | It feels like the food conversation in America is really a conversation about Ozempic at the moment. But food companies aren't so worried. Find out why.
Read more >> | | | | How to pay for an engagement ring | | | | Thinking of making it official this winter? If you want to propose with a ring, you're about to spend quite a few dollars. Learn more about how you can pay for it.
Read more >> | | | | | | | | | | Other news that caught our eye | | | | | | | | | | Financial planner tip of the day | | | | "Creating a budget in college means anticipating both estimated expenses, like club dues, tickets to athletic events, and books, as well as "for sure" expenses, things like rent or room and board, utilities, and tuition that are essential in the college experience. From there, it's about determining what money can be allocated to fun things, like nights out and spring break." | | | | – Brian Walsh, CFP® at SoFi | | | | How did you like today's newsletter? | | | | | | | | This email was sent to you at paidmellc@gmail.com by SoFi Wealth LLC. (SoFi) because you're enrolled in the SoFi Daily. If you do not want to receive SoFi Daily emails, click here to unsubscribe.
Please understand that this information provided is general in nature and shouldn't be construed as a recommendation or solicitation of any products offered by SoFi's affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It's important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Adviser
SoFi isn't recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
Third Party Trademarks: Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org).
Automated investing is offered through SoFi Wealth LLC, an SEC-registered investment adviser.
Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. Information related to lending products contained herein should not be construed as an offer to sell, solicitation to buy or a pre-qualification of any loan product offered by SoFi Lending Corp and/or its affiliates.
SoFi doesn't provide tax or legal advice. Individual circumstances are unique. Consult with a qualified tax advisor or attorney about your specific needs.
To manage your SoFi email communication preferences, click here.
Privacy Policy | Legal | SoFi Learn
Apple, the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.
234 1st Street, San Francisco, CA 94105
© 2023 Social Finance, Inc. All rights reserved.
w: 20231205 | | |
No comments: