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.
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.
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.
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.
Source: detroitnews.com