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.
As we approach this week’s Federal Reserve meeting, discussions are more focused on the future rather than the present. The expectation amongst policymakers is to maintain the current short-term interest rates that have been steady for the past year. However, recent inflation data has provided a basis for the likelihood of interest rate cuts commencing
The personal financial records of Vice President Kamala Harris have recently come under scrutiny as she vies for the presidency of the United States. Despite maintaining a relatively basic approach to their finances, experts have pointed out missed opportunities for tax savings and improved financial strategies in her recent tax filings. According to Craig Hausz,