Personal Finance

Paribus. The Fragility of Finance.

Despite a lot of turbulence in the markets this week the Federal Open Market Committee (FOMC) did exactly what was predicted. Jerome Powell carefully adjusted his language and reframed the narrative around his 25 basis point rate hike to try and calm the markets he had helped to damage. His forward guidance was only to expect further rate increases if inflation spirals out of control. He avoided taking any responsibility for the recent bank failures, claiming instead that the sector was stable and robust. In reality, the global financial system

Misfits Gaming and SoFi Renew Partnership

Florida-based esports organization Misfits Gaming Group has renewed its partnership with SoFi. SoFi will continue its presence in the esports space expanding its investment to “help its members achieve financial independence.” Financial details of the partnership were not released. SoFi entered into the esports space in 2019 with the MGG partnership. According to SoFi, the company has witnessed a 56% increase in brand trust since partnering with MGG.  The partnership will see the Florida Mutineers don an in-game jersey patch during Call of Duty League broadcasts. This is considered top-tier