SoFi Blog

Our co-founder and CEO Mike Cagney sent the following message to SoFi employees this evening:

Figuring out what to do with your life: It’s the conundrum that keeps on going. Even if you’re among those who graduated and knew exactly what they wanted to do right out of college or grad school, you’re probably still plagued with some lingering questions around how to translate your passions into your career, how to take your career to the next level, and whether you should stick to the career you chose in your 20’s for the rest of your life.

That’s where Accelerate comes in. As SoFi’s first-ever career retreat for upwardly mobile professionals, we’re looking to help those that want more out of their work life.

SoFi Co-founder and CEO Mike Cagney sent the following note to employees today:

TO: SoFi team
FROM: Mike
SUBJECT: Litigation and our culture

Team — SoFi is based on the values of speed, transparency and alignment. To that end, I have some thoughts to share with you related to the two lawsuits filed earlier this month.

Good Data, Bad Geopolitics, and Exchange Rates
Asset prices remained relatively flat over the past month, caught between the push of positive economic data on equities and the pull of geopolitical tensions. While North Korea’s nuclear threats sent equities and interest rates down, we see these events subsiding without major implications for global markets. In determining where the markets will go over the next few months, it’s important to take a look at the interaction between economic data, central bank policy, exchange rates, and equity prices.

In recent posts, we’ve talked about the difficult situation currently facing central bankers. Their mandates essentially require them to begin raising interest rates just when the market’s starting to take off in order to curb inflation. It’s like the host taking away the punch bowl just when the party’s really getting started.

Good news, America. After nearly a decade, credit scores have hit record highs, according to new data from Fair, Isaac, as reported in the Wall Street Journal (paywall). The average score in the U.S. hit 700 this past April, and haven’t been at that level since 2005.