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,
Tadge Juechter, known as the “godfather” of the modern Corvette, recently retired from General Motors after nearly 47 years with the company. His career was marked by a relentless pursuit of excellence and innovation, culminating in the introduction of the new 2025 Chevrolet Corvette ZR1, the most powerful and fastest version of the iconic sports
When analyzing the stock picks favored by top Wall Street pros, Alphabet (GOOGL) stands out as a top choice. Despite the recent earnings report revealing a slowdown in YouTube advertising revenue, the overall strength in its Search and Cloud businesses has caught the attention of analysts. BMO Capital analyst Brian Pitz reiterated a buy rating
The rise of influencer culture in recent years has inundated social media platforms with ads and sponsored content promoting an excess of products and lifestyles. Many consumers, like myself, have grown weary of the constant pressure to buy things we may not need or can’t afford. However, a new trend known as “underconsumptioncore” has emerged
Berkshire Hathaway, led by Warren Buffett, has made headlines with its record cash pile of $276.9 billion, a significant increase from the previous record of $189 billion. This surge in cash holdings was attributed to Buffett’s selling spree, which included shedding more than $75 billion in equities in the second quarter alone. The Oracle of