Daily Digest: Data reveals S.F. job losses; Benioff to close Salesforce offices for election day
Good morning, Bay Area. On Wall Street, San Francisco-based SoFi on Tuesday reported record adjusted net revenue of $689 million for the third quarter, fueled by a 64% jump in its financial services and tech platform segments. However, the financial services company has dealt with slow loan growth in the high-interest-rate environment, leading to investor skepticism about its short-term prospects, according to industry analysts, and its stock remains 62% below its all-time high price in 2021. Shares…