As the mortgage industry struggles with persistently high mortgage rates, Rocket is spending more than $9 billion to buy mortgage servicing giant Mr. Cooper and cement its position as the biggest player in the space.
Why it matters: Rocket's vision is of a one-stop shop where homeowners use its services when they're buying a home (it announced its acquisition of Redfin just three weeks ago), when they take out a purchase mortgage, when they pay that mortgage every month, and when they refinance.
Fashion technology company CaaStle is almost broke and is accusing its founder and former CEO Christine Hunsicker of financial misconduct, Axios has learned from multiple sources.
Why it matters: CaaStle had raised over $530 million in venture capital, and its investors appear to be wiped out, in what would be one of the biggest startup frauds ever.
Canadians' desire to visit the U.S. is absolutely tanking, new data suggests.
Why it matters: President Trump's tariffs and insistence that Canada should become the 51st American state is fueling a remarkable rally-round-the-flag effect. Canadian patriotism is skyrocketing alongside disdain for all things American throughout the Great White North.
Two of President Trump's sons are investing in a new bitcoin mining venture.
Why it matters: The deal further expands the first family's business interests in the crypto industry, even as President Trump continues to push favorable digital currency policies.
President Trump on Friday granted clemency to startup founders convicted of investor fraud and three crypto exchange co-founders who had plead guilty to violating anti-money laundering laws.
Why it matters: There's never been a better time to be a white-collar crook.
Growth is slowing, inflation is creeping up, fears of a crippling 1970s-style stagflation are rising — and against that tough national backdrop, local communities are starting to feel the economic fallout from President Trump's trade policy.
Why it matters: It might be too granular to sway large national data sets, but border cities across North America are already feeling the trade war pain that could strain their budgets and threaten the broader U.S. economy.
Tesla's Q1 delivery total is landing this week and will bring fresh signs that CEO Elon Musk's politics and job in Trump 2.0 are turning off more buyers than they attract.
Why it matters: Even Tesla optimists say the pioneering EV brand has an image problem.
At the heart of President Trump's latest round of tariffs is expected to be a double-digit tax on European imports, ostensibly justified by the existence of Europe's value-added tax (VAT), the continent's version of a sales tax.
Why it matters: By claiming a VAT is a kind of tariff — or even, in Trump's words, "far more punitive than a Tariff" — the U.S. is taking a maximalist and highly aggressive stance, one that's very hard to negotiate with.
BlackRock CEO Larry Fink reassures investors that this moment of economic anxiety will pass in his annual letter out Monday morning.
Why it matters: Fink runs the world's biggest asset manager and is hugely influential — his widely read letter typically reflects the business trends of the current moment.
For the next three days, one man holds the global economy in the palm of his hands, literally and figuratively — and almost no one but him knows what will happen.
Why it matters: Every Wall Street trader and economist has "April 2" circled on their calendars. The consensus is that tariffs are coming, but the fear is in the unknown: how aggressive the measures will be.
Elon Musk's self-deal for his AI company xAI to acquire X, formerly Twitter, is the strongest sign yet that the AI business is devouring the social media world.
Between the lines: Musk's move is a maneuver to spruce up his overall financial picture — leveraging the AI industry's fizzy valuation arithmetic to shore up X's stagnant revenue and debt-loaded capital structure.
President Trump said Sunday his reciprocal tariffs that launch this week will affect "all countries."
Why it matters: Trump is expected to announce wide-ranging levies on Wednesday, which he is calling "Liberation Day," but the administration has yet to reveal many key details of this plan or when levies will be implemented.
Elon Musk gave $1 million checks to two people at a Wisconsin event on Sunday night after the state's Supreme Court declined to intervene in the drive.
The big picture: Tuesday's election for a single state Supreme Court seat in Wisconsin has fueled big donations from Tesla and SpaceX CEO Musk and other billionaires, as Republicans aim to overturn a liberal majority on the bench.
