Larry Ellison, the iconic chairman of Oracle, has seen his net worth skyrocket by nearly $19 billion as the software giant he founded continues to thrive. With Oracle forecasting double-digit revenue growth for the fiscal year, Ellison’s fortune has reached an impressive $170 billion, placing him among the world’s top five richest individuals. Despite stepping
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The mortgage rates experienced significant fluctuations last week which led to a surge in total mortgage application volume. The average contract interest rate for 30-year fixed-rate mortgages saw a decrease during the week, only to jump back up after a stronger-than-expected monthly employment report on Friday. This increase caused rates to rise by 12 basis
Recently, the U.S. Treasury Department and Internal Revenue Service announced that the federal government has issued over $1 billion in tax credits as an upfront cash incentive to buyers of electric vehicles. Under the Inflation Reduction Act, approved tax credits for new and used Electric Vehicles (EVs) can now be delivered by car dealers at
In a shocking turn of events, Major League Eating has announced that they will be parting ways with 16-time champion Joey “Jaws” Chestnut ahead of this year’s Nathan’s Famous Fourth of July hot dog eating contest. This decision comes after Chestnut chose to represent a rival brand that sells plant-based hot dogs, ultimately leading to
As the 2025 deadline for the expiration of tax breaks enacted by President Trump approaches, both presumptive nominees, President Joe Biden and former President Donald Trump, have vowed to extend these tax breaks. However, the question that remains is how to pay for these extensions. The Tax Foundation has estimated that failing to extend these
Oracle recently announced that their fourth-quarter results fell short of Wall Street expectations. Despite this setback, the company’s shares jumped as much as 9% in extended trading after revealing new cloud deals with Google and OpenAI. Earnings per share came in at $1.63 adjusted, slightly lower than the $1.65 expected by LSEG consensus. Revenue for
Supplemental Security Income (SSI) has been providing financial assistance to individuals with disabilities and older adults for the past 50 years. When the program was first implemented in 1974, the monthly benefit payments were around $140 for individuals and $210 for couples. Fast forward to 2024, the maximum monthly benefit has increased to $943 for
In a groundbreaking announcement, Apple and Affirm revealed that Apple device users will soon have access to buy now, pay later loans through the Affirm platform. This strategic partnership between the tech giant Apple and the fintech company Affirm is set to revolutionize the way consumers make purchases and manage payments. Affirm will be integrated
Many people are aware of the rising costs of buying a home in the U.S., but what often catches buyers off guard are the additional expenses involved in keeping and maintaining a home. According to a recent report by Bankrate.com, the “hidden costs” of homeownership amount to an average of $18,118 annually, or $1,510 a
The United Auto Workers President, Shawn Fain, is currently under investigation by a federal court-appointed watchdog named Neil Barofsky. The monitor is responsible for monitoring the union and eliminating corruption. The investigation revolves around allegations of Fain abusing his power as union president. Moreover, there are accusations that union leaders, including Fain, have obstructed the