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ServisFirst Bancshares and Rocket Companies Shares Plummet, What You Need To Know
StockStory17d agoneutral
ServisFirst Bancshares and Rocket Companies Shares Plummet, What You Need To Know

A number of stocks fell in the afternoon session after benchmark Treasury yields and surging crude oil prices stoked renewed concerns over inflation and balance sheet stability. The 10-year U.S. Treasury yield rose to about 4.79%, a 20-month high, as U.S.-Iran hostilities lifted energy prices, according to CNBC. Bloomberg noted that elevated oil prices are fanning inflation concerns and weighing on bonds and risk assets on fears the Fed may need to tighten. A steeper long end can deepen mark-to-

How Redfin’s Renewed Rental Ad Freedom and Zillow Pact at Rocket (RKT) Has Changed Its Investment Story
Simply Wall St.24d agoneutral
How Redfin’s Renewed Rental Ad Freedom and Zillow Pact at Rocket (RKT) Has Changed Its Investment Story

Earlier this month, Rocket Companies’ Redfin resolved a Federal Trade Commission and multi-state investigation into its multifamily rental-listing agreement with Zillow, preserving the partnership through at least 2030 and lifting prior competitive restrictions. The settlement allows Redfin to restart its own rental advertising business while still receiving listings and payments from Zillow, reshaping Rocket’s rentals-focused revenue opportunities. We’ll now examine how Redfin’s renewed...

Zillow settles FTC claims it paid Redfin to stop competing on apartment listings
Reuters26d agoneutral
Zillow settles FTC claims it paid Redfin to stop competing on apartment listings

The U.S. Federal Trade Commission and a group of states announced a settlement with Zillow, ending claims the online real ‌estate platform illegally paid Rocket Companies' Redfin $100 million to stop competing in apartment ‌rental listings. The settlement ends the agreement for Redfin to stop competing. Redfin agreed to rebuild its rental advertising business within six months, according to the FTC.