The stockmarket is fuelling America’s economy
The stockmarket is not the economy, as the old investing cliché goes. That is obvious enough to anyone paying attention in America this year. President Donald Trump’s tariff fervour has dented growth,...
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Detroit, Michigan
Rocket is a technology-based consumer lending platform based in Detroit, Michigan, founded in 1985. Rocket offers a suite of consumer finance products, including Rocket Mortgage, Rocket Loans, Rocket Card, Rocket Money, and Rocket Pro.
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Consumer Finance
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Rocket - Recent News & Articles
First Brands Bankruptcy Damage Spreads to Jefferies, UBS
Auto-parts supplier First Brands crashed into bankruptcy last month. Now, banks are sifting through their exposure to the company and its chain of customers and suppliers. Jefferies Financial on Wedne...
First Brands bankruptcy: the losers — and winners
The speed at which US car parts maker First Brands Group unravelled has shocked Wall Street. The privately held group’s longtime bankers at Jefferies were marketing a $6bn loan deal to investment fund...
Collapse of Subprime Lender Tricolor Kicks Off Scramble for 100,000 Car Loans
Tricolor’s bankruptcy trustee is designating a servicing company to search for vehicles and unfreeze payment systems following the auto lender’s sudden collapse. Dallas-based Tricolor Holdings offered...
First Brands debt plunges as worries mount over US car parts group
Loans raised by a privately held US car parts maker plunged on Friday, inflicting more than $1bn of paper losses on lenders as they ready for what is expected to be a messy debt restructuring. Senior ...
Coinbase CEO sets sights on replacing banks with crypto super app
Coinbase CEO Brian Armstrong has outlined plans to build a crypto super app, offering credit cards, payments and Bitcoin rewards to rival traditional banks. Speaking during a recent interview with Fox...
Google unveils Agent Payments Protocol to power AI commerce
Google has unveiled an open protocol designed to serve as the foundation needed to enable AI agents to transact payments on behalf of users and merchants. The tech giant has lined up more than 60 part...
Figure Takes in $787 Million After Pricing IPO at $25 Per Share
Blockchain-based lender Figure Technology Solutions has increased the pricing of its initial public offering (IPO) to $25 per share. That new figure, announced late Wednesday (Sept 10), is above an ea...
The canary in the coal mine is singing as global bond selloff raises national debt concerns
Global long-term bond yields are surging, with U.S. 30-year Treasuries near 5% and U.K. gilts above 5.7%, as investors grow wary of mounting debt and political pressure on central banks. Safe-haven go...
Has #Revolut sparked a revolution?
This is a company that, ten years ago, was just two guys sitting in a Canary Wharf office coding. Those two guys are Nik Storonsky and Vlad Yatsenko who, interestingly, are Russian and Ukrainian by ba...