In recent years, record inflation has caused many individuals to question the once widely-held belief that homeownership is a good investment. The escalating prices of homes have outpaced the growth of incomes, leading to concerns among homeowners. According to a 2023 analysis of U.S. Census data by the Chamber of Commerce, more than 1 in
DraftKings, a leading mobile betting platform, has recently announced its plans to implement a gaming surcharge on winning bets in states with high sports betting tax rates. This move is intended to boost the company’s profits and align itself with industry standards. However, the decision has sparked discussions and criticisms within the gambling community. The
Delta Air Lines CEO Ed Bastian recently took a bold step to acknowledge the challenges faced by the company’s employees in the wake of massive disruptions caused by a botched CrowdStrike software update. These disruptions led to thousands of customers and crew members being stranded, resulting in the cancellation of over 5,000 flights from July
The recent update on the U.S. Food and Drug Administration’s drug shortage database has brought some relief to users of Eli Lilly’s weight loss injection Zepbound and diabetes drug Mounjaro. However, the fact that these drugs faced shortages for some time raises questions about the challenges in the pharmaceutical supply chain. The scarcity of these
Exxon Mobil has recently reported its second-highest results for the second quarter in the past decade. The company attributes this success to achieving record production in Guyana and the Permian Basin. CEO Darren Woods mentioned that it is the highest level of oil production since Exxon and Mobil merged in 1999. During the second quarter,
The current Federal Reserve meeting is highlighted by the speculation surrounding potential future interest rate cuts. Despite the expectation that policymakers will maintain short-term interest rates at their current levels, there is a strong belief in the market that a rate cut will be announced in September. The key question that remains is the extent
Recent data indicates a significant drop in mortgage rates, with the 30-year fixed rate falling to 6.4%, the lowest since April 2023. The 15-year fixed rate also saw a decrease to 5.89%, the lowest level since early May 2023. This decline followed a weaker-than-expected monthly employment report, causing bond yields to plummet. Mortgage rates typically
Vice President Kamala Harris and Second Gentleman Douglas Emhoff have been relatively conservative with their finances, according to recent tax filings analyzed by experts. While their approach may seem simple and straightforward, it has led to missed opportunities for tax savings and optimization. As a public figure, the couple’s financial decisions have not raised many
Coterra Energy recently released its second quarter results, which fell short of Wall Street expectations for sales and earnings. Despite this, the company reported strong production volumes and cash generation that exceeded initial projections. While revenue in the quarter saw a 7% year-over-year increase to $1.27 billion, it was below the expected $1.33 billion. Additionally,
Berkshire Hathaway, the conglomerate led by legendary investor Warren Buffett, is set to reveal a record-breaking cash pile topping $200 billion in its second-quarter earnings report. This massive amount of cash is more than the entire GDP of countries like Hungary, raising eyebrows in the investing world. The CEO’s decision to trim some of his