What's Going On With SoFi Tech Stock Friday
Portfolio Pulse from Anusuya Lahiri
SoFi Technologies stock is down as the Senate clears the debt ceiling bill, which terminates the pause on student loan repayments. CEO Anthony Noto highlighted challenges individuals face, such as surging education costs, stagnant wages, and unaffordable housing.
June 02, 2023 | 2:14 pm
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SoFi Technologies stock is down due to the Senate clearing the debt ceiling bill, which ends the pause on student loan repayments. This may affect the company's business as a student loan refinancing firm.
The Senate's decision to clear the debt ceiling bill and end the pause on student loan repayments directly affects SoFi Technologies, a student loan refinancing firm. This may lead to a negative impact on the company's business, causing the stock price to go down in the short term.
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