In today’s housing market, buying a home is becoming increasingly less affordable for many individuals. The combination of higher mortgage rates and a shortage of houses on the market has led to elevated prices, creating a financial crunch for potential buyers. The median sales price for homes has continued to rise, reaching $422,600 in July,
Warren Buffett, now 94 years old, has managed to lead Berkshire Hathaway to new heights, even at his advanced age, according to his friend and fellow investor Howard Marks. Marks attributes Buffett’s success to a well-thought-out strategy that has been consistently and diligently carried out over seven decades. However, simply having discipline and consistency is
General Motors recently made the decision to integrate its all-electric BrightDrop commercial vans into the Chevrolet brand, aiming to enhance sales, accessibility, and recognition of these vehicles. By incorporating BrightDrop vans into Chevrolet’s vast network of North American dealers, which includes over 500 commercial-focused stores in the U.S., GM is looking to leverage the strength
When it comes to investing, many people focus on asset allocation to balance risk and return. However, where these assets are held, known as asset location, is equally important. For wealthier investors, strategic asset location can have a significant impact on after-tax returns. But unfortunately, many investors are not paying enough attention to this crucial
Salesforce, the business software maker, has seen a significant rise in its shares by 4% in extended trading following the announcement of its robust fiscal second-quarter results. This increase in share price can be attributed to the fact that the company reported earnings per share of $2.56, which surpassed the expected $2.36. Additionally, Salesforce posted
The stock market experienced some significant fluctuations on Wednesday, with Nvidia shares causing a decline in the S&P 500. The highlights for Thursday sessions include Nvidia down by about 7% after hours due to their quarterly report. Salesforce, on the other hand, saw a positive uptick with a 4% increase after exceeding expectations. CrowdStrike reported
The recent announcement of an upcoming phone call between U.S. President Joe Biden and Chinese President Xi Jinping marks a crucial step in diplomatic relations between the two global powers. This comes in the midst of U.S. national security adviser Jake Sullivan’s visit to Beijing, where he met with China’s top diplomat, Wang Yi, to
Chinese electric car companies like Nio and Xpeng are stepping up their game by developing their own in-house designed auto chips for production. This move signals a shift away from relying on traditional chip suppliers like Nvidia and Qualcomm. The decision to design their own chips is driven by a desire to differentiate their products
The U.S. Department of Education recently unveiled the details of the rollout of the 2025-26 Free Application for Federal Student Aid (FAFSA) with the hope of addressing the issues that marred the previous year’s college aid application cycle. The upcoming FAFSA will be introduced to select groups of students in a beta testing phase beginning
Last week, mortgage rates saw a decline for the fourth consecutive week. However, the reaction from both existing homeowners and potential homebuyers was rather subdued. The Mortgage Bankers Association reported that overall mortgage application volume only rose by a marginal 0.5% compared to the previous week. This tepid response is indicative of a lack of