Warren Buffett made headlines in the investing world recently with a bold and unexpected decision – slashing his massive stake in Apple by half. This move sent shockwaves through the market, causing the tech giant’s stock to plummet amidst a global sell-off. Buffett’s surprising maneuver comes at a time when global stock markets are facing
With record inflation rates creating financial uncertainty, many people are beginning to question the wisdom of investing in homeownership. One of the key concerns is the disproportionate rise in home prices compared to incomes. This has led to a situation where more than 1 in 4 homeowners with mortgages are considered “cost-burdened,” spending over 30%
The upcoming Federal Reserve meeting is not just focused on the current economic landscape, but also on the future outlook. The general consensus is that policymakers will maintain short-term interest rates at their current levels, which have been stable for the past year. However, with recent inflation data pointing towards a need for action, markets
As Vice President Kamala Harris is running for the highest office in the United States, her personal financial records have come under fresh scrutiny. In reviewing recent tax filings, experts suggest that Harris and her husband, Second Gentleman Douglas Emhoff, have maintained a simple financial strategy during her tenure as vice president. Expert Analysis According
Berkshire Hathaway, under the leadership of Warren Buffett, has been making headlines due to its burgeoning cash pile, which may exceed $200 billion. This massive amount surpasses the entire annual gross domestic product of Hungary. The company is expected to announce this staggering figure when it releases its second-quarter earnings report. This unprecedented cash hoard
Eli Lilly’s highly popular weight loss injection Zepbound and diabetes drug Mounjaro have faced shortages in the U.S. However, according to the U.S. Food and Drug Administration’s drug shortage database update, all doses of these treatments are now available. This comes as a relief after previous reports indicated that some doses were still in short
The aftermath of a botched software update by CrowdStrike left Delta Air Lines in a state of disarray, leading to massive disruptions that lasted for days. Thousands of customers and crew members were left stranded, with the airline forced to cancel over 5,000 flights in a span of just five days. This level of chaos
Exxon Mobil recently announced its second-highest results for the second quarter in the past decade, citing record production in Guyana and the Permian Basin as key drivers of this success. CEO Darren Woods highlighted the milestone, stating that the oil produced in the second quarter reached its highest level since the Exxon and Mobil merger
Coterra Energy, an exploration-and-production company, recently released its second-quarter results, which fell short of Wall Street expectations in terms of sales and earnings. However, the company exceeded expectations in terms of production volumes and cash generation. This article will delve into the key points of Coterra Energy’s second-quarter performance and analyze how the company is
DraftKings, a prominent player in the mobile betting industry, has recently made headlines for its decision to impose a surcharge on winning bets in states with high sports betting tax rates. This move is aimed at boosting the company’s profits and ensuring its sustainability in markets where tax burdens are significant. The announcement of the