Federal Reserve Chair Kevin Warsh.Bloomberg News Processing Content Key insight: The labor market remains at or near full employment — as it has for roughly the past five years — but the negative reading bolsters the argument of a softening labor market as the Federal Open Market Committee weighs a rate hike in September. Expert […]
Hiring shortfall leaves all options open for Fed Read More »
Rocket Companies reported high second-quarter earnings on Thursday, driven by increased mortgage origination volume, servicing income and record market share gains in both purchase and refinance lending, even as the broader housing market remained challenging. The Detroit-based lender reported Q2 2026 net revenue of $2.78 billion, nearly double its $1.45 billion figure from the same
Rocket weathers spring housing slowdown, gaining purchase and refi share in Q2 Read More »
Blend Labs on Thursday reported higher second-quarter revenue and a narrower operating loss, driven by growth in its software platform business as the digital mortgage technology provider expanded customer relationships and rolled out its new AI-powered Autopilot product. The San Francisco-based company posted second-quarter revenue of $33.8 million, up 7% from a year earlier and
Blend reports stronger Q2 results on software growth Read More »