News

Rocket Companies Inc. (RKT) is acquiring Redfin Corp. (RDFN) in a $1.75 billion deal, aiming to create a comprehensive online real estate solution for homebuyers, encompassing everything from browsing listings to securing a mortgage. This move is expected to intensify competition for Zillow Group Inc. (ZG) from the combined entity.

Oracle Corp's third-quarter earnings slightly missed estimates, with revenue at $14.13 billion and earnings of $1.47 per share. Despite this shortfall, robust cloud infrastructure growth and substantial AI-related business helped boost investor confidence, driving stocks up 2.16% in after-hours trading.

Robinhood shares experienced a steep decline following anxieties about tariffs and trade tensions, specifically triggered by President Trump's handling of tariffs on Canadian and Mexican imports. Canadian retaliation and continued tariff threats add uncertainty to financial markets, fueling concerns over inflation and volatility.

Joby Aviation, an eVTOL specialist, faces a challenging environment due to President Trump's tariffs and the potential for economic slowdown. The company's valuation is largely based on future potential, making it vulnerable to economic fluctuations and technical indicators suggest a bearish head-and-shoulders pattern, indicating a high risk of further decline.

BlackRock CEO Larry Fink predicts a volatile 2025 but remains optimistic about long-term growth opportunities driven by new technologies and economic adjustments. He sees market dips as buying opportunities and emphasizes the transformative potential of AI, particularly in healthcare, logistics, and finance.