Stocks climbed as investors looked past the political unrest to focus instead on prospects for higher government spending.
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Inspectors general offices at the Treasury, FDIC and the Federal Reserve, as well as banking regulators at the OCC, are investigating the company’s business-card sales practices.
The digital currency’s price has doubled in less than a month.
The transaction is expected to provide up to $2.4 billion in cash proceeds. Anthony Noto, a former Twitter executive, will continue leading SoFi as CEO after the deal closes.