Dani Romero

1 month ago | finance.yahoo.com | Dani Romero

The latest Consumer Price Index (CPI) showed that housing cost increases eased in February to the slowest pace in over three years. Data from the Bureau of Labor Statistics showed that shelter costs rose 4.2% from a year earlier in February, slower than the 4.4% increase seen in January and the smallest 12-month increase since December 2021. On a monthly basis, housing costs ticked up 0.3% compared to February and down from January’s 0.4% monthly increase.

1 month ago | ca.finance.yahoo.com | Dani Romero

Small business owners were feeling uncertain about the future in February as they continue to deal with lingering inflation and labor challenges. The National Federation of Independent Business' optimism index fell by 2.1 points in February to 100.7, just below economist forecasts for a reading of 101, according to Bloomberg data. This reading did mark the fourth-straight month the index held above its 51-year average of 98, but is a drop from a post-election high of 105.1 reached in December.

1 month ago | sg.finance.yahoo.com | Dani Romero

Mortgage giant Rocket Companies (RKT) announced Monday it struck a deal to purchase digital real estate brokerage Redfin (RDFN) in an all-stock deal valued at $1.75 billion. Redfin stock rose as much as 76% on the news. Rocket stock fell as much as 10%. In 2024, Rocket's revenues were $5.1 billion; Redfin reported revenue of $1.04 billion in 2024. "Rocket and Redfin have a unified vision of a better way to buy and sell homes," Varun Krishna, CEO of Rocket Companies, said in the release.

1 month ago | businessandamerica.com | Dani Romero

A new wave of consumer activism is sweeping the nation, with protests and boycotts targeting companies in a fraught political environment. Is Wall Street bracing for the impact, if any? For more than a month now, for example, Michael Galvez, a leading figure in the Latino Freeze Movement, has been calling on consumers to boycott brands going along with President Donald Trump’s anti-diversity, equity, and inclusion (DEI) initiatives.

1 month ago | ca.finance.yahoo.com | Dani Romero

A new wave of consumer activism is sweeping the nation, with protests and boycotts targeting companies in a fraught political environment. Is Wall Street bracing for the impact, if any? For more than a month now, for example, Michael Galvez, a leading figure in the Latino Freeze Movement, has been calling on consumers to boycott brands going along with President Donald Trump's anti-diversity, equity, and inclusion (DEI) initiatives.