Fintech

SoFi Big Business Banking will allow enterprise customers to hold deposits, transfer funds, and settle transactions within SoFi’s nationally chartered bank.

It’s the latest escalation of the legal battle over the future of sports prediction markets.

The company is gaining market share and expanding its involvement with all things mortgages.

Intel stock jumps after the company agrees to repurchase Apollo Global Management’s 49% stake in a joint venture related to its Ireland chip factory.

Palo Alto CEO Nikesh Arora purchased $10 million of stock after shares fell on concerns tied to Anthropic’s new artificial-intelligence model.

The crypto exchange’s chief legal officer says prediction markets aren’t subject to state gambling regulations. He’s nearly certain the Supreme Court will eventually agree.

“The impact has been mostly positive,” Kalshi CEO Tarek Mansour said of lawsuits challenging the firm’s prediction contracts.

Arm Holdings stock jumps after the semiconductor company says it will make its own data-center CPU.

Kalshi says a new partnership with Fidelity Information Services will help institutional traders trade on the firm’s prediction markets.

Muddy Waters says SoFi refused to answer questions about its account practices for weeks ahead of last week’s short report.

Affirm stock dropped after concerns about private-credit liquidity tied to LENDX. Analysts say funding demand and loan performance remain strong.

Anthony Noto bought nearly 30,000 shares on Tuesday, a securities filing shows.

The investment builds on a growing relationship between the bank and the technology and asset-management services provider.

Powell’s Fed press conference brought the unexpected, Micron smashes expectations, Trump temporarily waives the Jones Act, and more news to start your day.

Nvidia’s Huang predicts $1 trillion in hardware sales, government bonds will keep selling off, Nebius strikes a second big AI deal, and more news to start your day.

Strategy, Robinhood and Coinbase all rose early Monday, amid renewed interest in cryptocurrencies since the Iran war started.

The buy now, pay later lender has seen its stock plummet on worries about credit losses.

Luana Lopes Lara is co-founder and chief operating officer of Kalshi.

Jessica Tan is head of Americas for global product solutions at BlackRock.

Some borrowers are making interest payments with IOUs called Paid in Kind, or PIK, rather than cash.

The company’s business is sensitive to the direction of interest rates as Wealthfront relies on its cash management offering for a large portion of its revenue.

An advisory letter is the regulator’s first comprehensive guidance to prediction markets on sports-related trades.

Monthly trading volume on Kalshi hit $10.4 billion in February, a record for the company, and the firm is set to outperform that number this month.

The conflict in the Middle East has turned the market on its head, with investors piling back into beaten-down software stocks.

Big consumer banks and small fintechs were have been taking hits over concerns about inflation, interest rates, and macroeconomic uncertainty.