On Monday evening, brokerage firm Robinhood made the announcement that it would be halting overnight trading due to complications with its execution venue. The third-party firm, Blue Ocean ATS, that Robinhood partners with for round-the-clock trading, has decided to suspend overnight trading. This move has left many Robinhood users without the ability to engage in
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Warren Buffett, the revered investor, shook up the financial markets with a surprising move over the weekend. He drastically reduced his stake in tech giant Apple by a staggering 49%, causing panic among investors. This unexpected decision sent Apple’s stock plunging by more than 7% in premarket trading on Monday. Buffett’s company, Berkshire Hathaway, revealed
The U.S. Food and Drug Administration recently announced that all doses of Eli Lilly’s popular weight loss injection Zepbound and diabetes drug Mounjaro are now available in the country. This update comes after a period of time where these medications faced shortages. In fact, some doses of Mounjaro have been in short supply since as
Last month, Delta Air Lines found itself in the midst of chaos due to a botched CrowdStrike software update that led to massive disruptions. As a result, thousands of customers and crew members were left stranded, causing the airline to cancel more than 5,000 flights. This incident, which lasted from July 19 to July 24,
DraftKings, a well-known mobile betting platform, recently made headlines by announcing a tax on consumers in states with high sports betting tax rates. The company revealed its plans to implement a gaming surcharge on winning bets in states where the tax rate is above 20%. This decision is aimed at boosting the profitability of DraftKings
In the wake of record inflation rates, homeowners are facing significant challenges that have many questioning the value of homeownership as an investment. The steady increase in home prices, outpacing income growth, has become a major concern for homeowners. A startling statistic from a 2023 analysis by the Chamber of Commerce reveals that more than
The recent decrease in mortgage rates has been significant, with the average rate on the 30-year fixed mortgage dropping to 6.4%, the lowest it has been since April 2023. This drop was in response to a weaker-than-expected monthly employment report, which caused bond yields to fall rapidly. The 15-year fixed rate also fell to 5.89%,
Coterra Energy fell short of Wall Street expectations for both sales and earnings in the second quarter. However, it is worth noting that production volumes and cash generation exceeded expectations during this period. Revenue for the three months ending on June 30 witnessed a 7% year-over-year increase, amounting to $1.27 billion. Despite this growth, the
Berkshire Hathaway’s impressive cash reserve is expected to surpass a staggering $200 billion soon, a sum larger than the annual GDP of Hungary. This increase in cash reserve comes as a result of Warren Buffet’s unusual move of selling off some of his preferred stocks. Among the stocks that Buffet has been parting ways with
Exxon Mobil recently announced their second-highest results for the second quarter in the past decade. The company attributed this success to achieving record production levels in Guyana and the Permian Basin. CEO Darren Woods highlighted that the oil production in the second quarter was the highest level since the Exxon and Mobil merger in 1999.