SoFi Slides After Extra Shares Issued

5 articles I'm watching carefully

Tyler Dupont
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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

SoFi Slides After Extra Shares Issued

SoFi shares fell nearly 10% after underwriters bought additional shares tied to its recent public offering. The move increased the total shares sold, which pressured the stock as investors reacted to the added supply.

Micron Jumps as Memory Chip Prices Surge

Micron shares jumped after reports that memory chip prices are rising fast due to strong AI demand. The company posted sharp profit growth and expects even stronger results ahead, leaving the stock looking relatively cheap compared to its earnings growth.

Big Tech Pushes Wall Street to New Records

U.S. stocks hit fresh highs as major tech companies led gains. The S&P 500 set another record, with help from Amazon and other AI-focused firms. Investors are now watching upcoming jobs and economic data for clues on interest rates.

🪙 Crypto

Morgan Stanley Moves Into Bitcoin and Solana ETFs

Morgan Stanley filed for spot Bitcoin and Solana ETFs, signaling growing Wall Street support for crypto. The bank also suggested small crypto allocations for investors, while firms like Goldman Sachs and Citigroup expand crypto services.

🌎 Global Economy

Global Economy Slows in 2026 as Risks Weigh on Ukraine

The global economy is expected to grow modestly in 2026 amid war, trade tensions, and geopolitical risks. Europe will remain weak, limiting demand for Ukrainian exports, while steadier growth in the US, China, and Turkey may offer limited support.

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