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
Tadge Juechter, a legendary figure in the automotive industry, recently retired from General Motors after a distinguished career spanning nearly five decades. His impact on the Chevrolet Corvette, particularly with the unveiling of the new 2025 Corvette ZR1, has solidified his position as the “godfather” of the modern Corvette. This article delves into Juechter’s journey,
Alphabet, the parent company of Google, is a well-known tech giant that recently reported its second-quarter results, emphasizing the strength of its Search and Cloud businesses. While YouTube advertising revenue experienced slower growth than expected, analysts like BMO Capital’s Brian Pitz are optimistic about Alphabet’s future prospects. Pitz highlighted the benefits of artificial intelligence in
In today’s society, the constant bombardment of influencer marketing on social media platforms has become overwhelming for many people. The pressure to buy everything from protein shakes to luxury vacation villas can be exhausting and often does not align with individual lifestyle aspirations or budgets. As a result, the rise of “underconsumptioncore” has provided a
When it comes to planning a wedding, one of the biggest factors that can impact your overall costs is the number of guests on your list. According to The Knot 2023 Real Weddings Study, the average cost of a wedding ceremony and reception in 2023 was $35,000, showing a $5,000 increase from the previous year.