As the Federal Reserve gets ready for its upcoming meeting, market expectations are focused on the future rather than the present. It is widely anticipated that the central bank will maintain short-term interest rates at their current levels, with the possibility of interest rate cuts starting in September. The key question on everyone’s mind is
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Exxon Mobil recently announced its results for the second quarter, which were the second-highest in the past decade. The company achieved record production in Guyana and the Permian Basin, contributing to its success. CEO Darren Woods stated that the oil produced in the second quarter was the highest level since the merger of Exxon and
In a recent incident that shook Delta Air Lines to its core, the airline giant found itself in the midst of chaos due to a botched CrowdStrike software update. This disruption led to the cancellation of more than 5,000 flights over a span of five days, leaving thousands of customers and crew stranded. The fallout
The recent drop in mortgage rates has had a significant impact on the affordability of homes for potential buyers. With the average rate on the 30-year fixed mortgage falling to 6.4%, the lowest since April 2023, monthly payments have decreased for those looking to purchase a home. In just a few months, the difference in
Recently, DraftKings, a prominent mobile betting company, disclosed plans to impose a tax on consumers in specific states with the highest sports betting tax rates. This strategic move is primarily intended to increase the organization’s profitability. As the sports betting sector evolves, companies operating within this domain are confronted with various challenges, including stringent tax
Eli Lilly’s weight loss injection Zepbound and diabetes drug Mounjaro are now fully available in the U.S., as stated in an update on the U.S. Food and Drug Administration’s drug shortage database. This update marks a significant development in the availability of these popular medications. Previously, there were shortages reported for some doses of these
In today’s digital age, social media has become a powerful tool for influencing consumer behavior. The constant barrage of products and services advertised by influencers on platforms like Instagram and TikTok can be overwhelming. As a consumer, it’s easy to get caught up in the allure of these promotions and end up spending more than
Google parent Alphabet (GOOGL) recently reported its second-quarter results, showcasing the strength of its Search and Cloud businesses. While the growth in YouTube advertising revenue slowed down, BMO Capital analyst Brian Pitz maintained a buy rating on GOOGL stock with a price target of $222. Pitz emphasized the positive impact of artificial intelligence on Alphabet’s
Tadge Juechter is a name synonymous with innovation and excellence in the world of Corvettes. His journey began almost 40 years ago when he first delved into the demographics of potential buyers for the ZR1 model. Fast forward to 2025, and the latest Chevrolet Corvette ZR1 stands as a testament to his dedication and passion
In the last quarter, Berkshire Hathaway’s cash pile reached an all-time high of $276.9 billion, breaking the previous record of $189 billion set earlier in 2024. This increase was fueled by Warren Buffett’s decision to sell off a substantial portion of his stock holdings, including a significant chunk of Apple, one of his key investments.