Broadcom recently reported its earnings for the second fiscal quarter, surpassing analysts’ estimates. The company posted earnings per share of $10.96 adjusted, compared to the expected $10.84. Additionally, Broadcom’s revenue came in at $12.49 billion, exceeding the expected $12.03 billion. This strong performance led to a spike in the company’s stock price, rising approximately 10%
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The Mortgage Bankers Association reported a significant surge in mortgage application volume as mortgage rates dropped for much of last week. The total volume increased by nearly 16% compared to the previous week. This surge was mainly driven by a decrease in the average contract interest rate for 30-year fixed-rate mortgages, making it an attractive
In a recent announcement, the U.S. Treasury Department and Internal Revenue Service revealed that the federal government has allocated over $1 billion in tax credits to incentivize the purchase of electric vehicles. This new initiative allows buyers of new and used EVs to receive upfront cash incentives ranging from $4,000 to $7,500, depending on the
Oracle recently announced fourth-quarter results that fell short of Wall Street expectations. While the company’s earnings per share were slightly below expectations at $1.63 adjusted versus $1.65 expected, its revenue of $14.29 billion also missed analyst estimates of $14.55 billion. Despite this, Oracle’s revenue still managed to increase by 3% year over year during the
The news of Joey “Jaws” Chestnut parting ways with Major League Eating and Nathan’s Famous ahead of the Fourth of July hot dog eating contest has sent shockwaves through the competitive eating world. The 16-time champion, known for his impressive hot dog consuming skills, was reportedly offered a lucrative contract to continue participating in the
As the 2025 tax cliff looms closer, both President Joe Biden and former President Donald Trump have vowed to extend expiring tax breaks for most Americans. However, the issue at hand is how to finance these extensions. Trillions of dollars in tax breaks introduced by Trump through the Tax Cuts and Jobs Act of 2017
Apple device users will soon have access to buy now, pay later loans through Affirm, as announced by both companies. This collaboration is set to enhance the payment options available to iPhone and iPad users in the U.S. by integrating Affirm into Apple Pay later this year. The introduction of this feature aims to combine
The Supplemental Security Income (SSI) program, designed to support people with disabilities and older adults, has been in place for 50 years. However, the maximum monthly benefit in 2024 is $943 for individuals and $1,415 for couples. This average benefit amount of $698 falls well below the federal poverty level of $1,255 for individuals. With
Buying a home in the U.S. has always been considered a significant financial step, but what many fail to realize is the true cost of keeping and maintaining a home. The hidden costs of homeownership are often overlooked, adding up to an average of $18,118 annually or $1,510 per month, according to a report by
An investigation is currently underway by a federal court-appointed watchdog, Neil Barofsky, to monitor the United Auto Workers (UAW) and eliminate corruption within the organization. The focus of the investigation is on whether UAW President Shawn Fain abused his power and engaged in corrupt practices. Barofsky accuses Fain and other union leaders of obstructing the