SoFi is buying banking-software firm Technisys for about $1.1 billion, the latest in a string of deals designed to turn the lender into a one-stop financial shop.

When the Fed raised interest rates between 2015 and 2018, it did so gradually—and never more than once every quarter. Under the economic outlook they judged most likely last month, most officials last month “suggested that a faster pace of increases…than in the post-2015 period would likely be warranted,” the minutes said.

The average net worth of households headed by someone aged 55 to 64 rose by $180,095 between Jan. 1, 2020 and Sept. 30, 2021, an increase of 15.3%.

U.S. inflation accelerated last month to 7.5%, a new four-decade high.

Spirit Airlines and Frontier Group are merging in a cash-and-stock deal valued at $6.6 billion.

The world’s biggest shipping lines, flush with cash, are buying their own fleets of cargo planes and adding airlifts for big clients willing to pay extra to get around supply-chain snarls at sea resulting from the Covid-19 pandemic. Airfreight accounts for less than 1% of global trade by volume but 35% by value.

The S&P 500 Energy Sector is up almost 19% so far this year while the broader S&P 500 is down about 5%. Over the last 12 months, shares of the largest western oil companies have all risen dramatically.

The VIX hit its highest level in a year on Wednesday, buffeted by concerns about central-bank policy around interest rates, inflation and geopolitical tensions over Russia.

Ninety-five percent of people surveyed want flexible hours with 78% of workers wanting location flexibility.

The technology-heavy Nasdaq shed 1.15% and finished the day 10.5% below its all-time closing high from last November. A decline of greater than 10% is considered a correction for a stock index.