Berkshire Hathaway’s recent actions have raised eyebrows as the conglomerate has been on a selling streak with their Bank of America stake for nine consecutive days. This prolonged divestment indicates that Warren Buffett may be more than just trimming the company’s long-standing holding in the bank. Over the past nine trading sessions, Berkshire has offloaded
admin
British petroleum company, BP, has reported a stronger-than-expected net profit for the second quarter. The oil and gas giant exceeded analyst expectations by posting an underlying replacement cost profit of $2.8 billion. This performance is particularly impressive considering the challenges faced, such as weak refining margins and lower oil trading results. Despite warning of lower
The United Arab Emirates is on track to maintain its position as the world’s leading destination for high-net-worth individuals seeking to relocate. The recent Henley Private Wealth Migration Report indicates that the UAE is attracting a record number of millionaires, with a projected net inflow of 6,700 millionaires by the end of 2024. This trend
As the Federal Reserve is poised to make the first interest rate cut in years this fall, the anticipation is high amongst those in the market for a new home. While there is a less than 6% chance of a rate cut in the upcoming Federal Open Market Committee meeting, experts predict a much greater
Vanguard, a well-known asset management giant, has been facing criticism regarding its customer service in recent years. The new CEO, Salim Ramji, has acknowledged this issue and expressed a strong intention to improve the customer experience. Ramji has highlighted the potential benefits of artificial intelligence in enhancing customer service at Vanguard. He mentioned that applications
Bitcoin has seen its price soar to new heights, reaching levels around $70,000. This surge, coupled with the volatile nature of the cryptocurrency market, has led experts to provide tax advice for both new and seasoned crypto investors. While the price of bitcoin has experienced fluctuations, it is essential for investors to stay informed about
McDonald’s executives recently discussed their struggle with recapturing consumers with deals after facing a challenging second quarter. U.S. President Joe Erlinger emphasized the importance of affordability, noting that the company had difficulty selling diners on this aspect. He also mentioned that industry and competitive challenges are likely to persist throughout the year. Despite this, he
In a stark reminder of the challenges faced by automakers, Ford Motor experienced a significant drop in its shares last week, plunging more than 18% in a single day. While the company managed to steer clear of bankruptcy during the Great Recession, the recent freefall in shares has raised concerns about the formidable road ahead
As consumers gear up to renew their homeowners insurance policies, they are met with a significant increase in prices. Between May 2022 and May 2023, home insurance prices surged by an average of 21% during renewal. This spike can be attributed to a rise in catastrophic severe weather events, leading experts to predict that the
The traditional nine-to-five work aesthetic, known as “corpcore,” has been experiencing a revival among young professionals. However, despite this renewed interest in work-appropriate attire, new research shows that the standard 40-hour workweek is no longer the norm, at least when it comes to commuting. According to the 2023 Global Traffic Scorecard released by INRIX Inc.,