Scalise: Biden policies driving US economy toward recession
Democrats are "going to pay a heavy price in November" for their handling of the economy, predicts House Minority Whip Steve Scalise (R-La.).
Source: justthenews.com
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Goldman Sachs economist sees 'a slowdown in consumer spending'
Consumer spending is about to come under pressure, warns Goldman Sachs.
United States Patrick Brown Jay Farner Rocket Companies University Of Michigan Consumer Discretionary Select Sector
Source: aol.com
Rocket CEO Predicts A Recession
Coming off an earnings report two days ago that showed his company with $2.3 billion in cash, Rocket Companies CEO Jay Farner predicted in an interview that the country is heading for a recession.
United States Jay Farner Rocket Companies Market Committee Federal Open Market Committee Federal Funds
Source: nationalmortgageprofessional.com
Is SoFi Stock A Buy, Sell, Or Hold After Recent Earnings? (NASDAQ:SOFI)
SoFi raised its revenue outlook for FY22, as it didn't assume a recession. But we believe management is overly optimistic. See if SOFI stock is a buy or sell.
Jay Farner Anthony Noto Justin Sullivan Getty Sofi Technologies Inc Rocket Companies Sofi Technologies Acquires Technisys
Source: seekingalpha.com
Rocket Cos. profit falls 63% year-over-year to $1 billion
Still, the Detroit-based parent company of mortgage lending giant Rocket Mortgage said it had its best Q1 volume in purchase and cash out refinances.
Jay Farner Jordyn Grzelewski Rocket Companies United Wholesale Mortgage Holdings Corp Federal Reserve Rocket Mortgage
Source: detroitnews.com
Profits fall for Gilbert's Rocket Companies as mortgage industry slows
The Detroit-based company saw $1 billion in profits last quarter even as mortgage rates continued to rise.
Freddie Mac Jay Farner Rocket Companies Jc Reindl Detroit Free Dan Gilbert Rocket Companies Mortgage Bankers Association
Source: freep.com
Despite rising rates, Rocket delivers $1B profit in Q1
Rocket Companies, the parent of Rocket Mortgage, generated a whopping $1 billion profit in the first quarter, up from $865 million in Q4.
Jay Farner Rocket Companies Detroit Based Rocket Companies Rocket Mortgage United Wholesale Mortgage Julie Booth
Source: housingwire.com
Rocket Companies, Inc. (RKT) Q1 2022 Earnings Call Transcript
RKT earnings call for the period ending March 31, 2022.
Source: fool.com
Rocket expects lower volume during buying season
Its outlook is about $20 billion less than what the analyst consensus forecast had called for.
Source: nationalmortgagenews.com
Rocket Reports $1 Billion Profit Over Q4, but Revenue Losses Year-Over-Year
Rocket Companies Inc. announced it will attempt to buy out around 1,000 employees after disappointing first quarter earnings and stock value decline.
Source: rismedia.com