Wall Street eagerly awaits congressional vote on debt

House Minority Leader Hakeem Jeffries, DN.Y., urged his caucus to support a debt ceiling deal on Wednesday, saying lawmakers “cannot allow the perfect to be the enemy of the GOOD”.Bloomberg News WASHINGTON — Between a hectic day of caucus meetings and press conferences, leaders of both parties raced to win “yes” votes among their membership […]

The surprising cost of technical debt in insurance

Cost concerns are a common culprit when it comes to choosing the status quo over making changes or improvements to outdated technologies and processes. Thinking that the cost of implementing modern solutions will be far greater than the cost of maintaining their current technology, old technology can put insurance companies in technical debt and negatively […]

A debt ceiling agreement would end the freeze on student loan repayments. Sofi Stock jumps.

Text size SoFi Technologies stock has fallen 24% over the past year. Gabby Jones/Bloomberg The debt ceiling deal reached over the weekend would restore government student loan repayments, halted for more than three years. This should benefit the online personal finance company Sofi Technologies (SOFI), which refinances student loans. President Joe Biden and House Speaker […]