Saudi Aramco, the state oil giant, recently reported a net profit of $29.1 billion for the second quarter of the year. This figure represents a slight decrease of just over 3% compared to the same period last year. The company’s net income for the first half of the financial year also saw a decline, dropping
In recent years, India has emerged as a hotspot for ultra high net worth individuals (UHNWIs) globally. According to consultancy Knight Frank, the country is expected to witness the fastest growth in UHNWIs over the next few years. This surge in wealth has positioned India’s financial center, Mumbai, as Asia’s leading billionaire hub, surpassing Beijing.
Brokerage firm Robinhood made a stunning announcement late Monday night, revealing that they would be discontinuing overnight trading due to a critical problem with their execution venue. The company disclosed on social media that Blue Ocean ATS, the third-party firm responsible for round-the-clock trading on Robinhood, has halted its overnight market operations. This unexpected development
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