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Congressional Progressive Caucus Chair Jayapal urges for the cancellation of student loans, stating that 43 million people desperately need it and inaction is not an option.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:09 pm

FRHC

Citron Research has raised concerns about the business practices of Freedom Holdings Corp. (NASDAQ:FRHC), criticizing its IPO model, lack of oversight, and potential violation of sanctions. Citron has called for regulatory intervention and transparency from Freedom Holdings, suspecting that the company might be withholding crucial information from its shareholders. Freedom Holdings' CEO, Timur Turlov, was put on the war sanctions list by Ukraine for financial support of the Russian Federation in October 2022.

Portfolio Pulse from Michael Cohen

June 30, 2023 | 4:08 pm

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SOFI

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Congressional Caucus Chair Jayapal stated that the Supreme Court did not rule against all student debt relief, but only removed a specific statutory pathway. She suggested that the President can use other methods to cancel student debt.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:08 pm

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The U.S. Supreme Court has agreed to decide on the constitutionality of a federal law that prohibits gun possession by individuals under domestic violence restraining orders. This could potentially impact companies in the firearms and security sector.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:03 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are volatile after the U.S. Supreme Court blocked President Joe Biden's plan to cancel $430 billion in student debt. The decision could impact SoFi's student loan refinancing business. Despite this, SoFi shares have risen over 22% since the agreement on the debt ceiling deal and the stock was the top trending ticker on StockTwits.

Portfolio Pulse from Erica Kollmann

June 30, 2023 | 4:02 pm

SPY

The U.S. Supreme Court is set to hear the Biden administration's defense of the Securities and Exchange Commission's (SEC) in-house adjudications. The case could have significant implications for the SEC's enforcement powers.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:01 pm

BXRX

CNVS

CYT

RNLX

ROOT

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U.S. stocks traded higher with the Nasdaq Composite gaining over 1%. The Core Personal Consumption Expenditure (PCE) price index rose 4.6% YoY in May 2023, slightly down from the expected 4.7%. Renalytix Plc, Baudax Bio, Inc., and Cyteir Therapeutics, Inc. saw their shares rise after various positive developments. Unicycive Therapeutics, Inc., Root, Inc., and Cineverse Corp. saw their shares drop due to various negative developments.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 4:01 pm

SOFI

Wedbush has issued a note stating that the Supreme Court's strike down of Biden's debt relief is already reflected in the valuation of SoFi Technologies. The firm maintains an underperform rating and a $3 price target for SoFi.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:00 pm

EWQ

SNAP

Snapchat has announced a zero-tolerance policy towards content that promotes violence or hatred, in response to the recent riots in France.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:58 pm

U.S. Senators have sent a letter to Mark Zuckerberg, the CEO of Meta Platforms Inc., expressing their concerns over Instagram facilitating child sexual abuse material. The senators are demanding an explanation and immediate action to rectify the situation.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:50 pm