SoFi Technologies Inc (SOFI) shares are trading higher on Monday following the announcement of a $2 billion loan platform business agreement with Fortress Investment Group. The deal is expected to boost SoFi’s loan platform capabilities and diversify its revenue streams.
Red Lobster, the world’s largest seafood restaurant chain, is nearing an exit from Chapter 11 bankruptcy, with Fortress Investment Group acquiring the company. The acquisition is expected to close by the end of September, bringing new investment and a fresh start for the iconic brand.
