India is set to experience the most rapid growth in the number of ultra high net worth individuals (UHNWIs) globally in the coming years, according to Knight Frank. The city of Mumbai has emerged as Asia’s premier billionaire hub, surpassing Beijing earlier this year. Globally, Mumbai holds the third position in terms of billionaire count,
Robinhood, a popular brokerage firm, recently made an announcement that they would be suspending overnight trading due to issues with their execution venue. This decision has raised concerns among investors and traders who rely on the accessibility of round-the-clock trading. The company revealed the news through a statement on social media, explaining that their third-party
Warren Buffett made headlines recently by cutting his Apple stake by half, causing a significant upheaval in the investing world. Berkshire Hathaway’s latest earnings filing revealed that the tech giant’s holding had been reduced by more than 49% to $84.2 billion by the end of the second quarter. This unexpected move sent Apple’s stock plummeting
In the second quarter, Coterra Energy fell short of Wall Street expectations for both sales and earnings. Despite this, the company saw an increase in revenue of 7% year over year, reaching $1.27 billion. However, this figure was below the consensus forecast of $1.33 billion. Adjusted diluted earnings per share also declined by 5.1% to
With record inflation rates hitting the market, the question of whether homeownership is truly a wise investment has been brought to the forefront. The rising home prices, outpacing income growth, are causing concerns among potential and existing homeowners. More than a quarter of homeowners who have mortgages are struggling to cover their housing costs, spending
Berkshire Hathaway, the conglomerate led by legendary investor Warren Buffett, is facing scrutiny over its cash reserves, which are expected to surpass $200 billion in the upcoming quarter. This substantial amount exceeds the entire annual GDP of Hungary, emphasizing the magnitude of Berkshire’s cash holdings. This cash hoard is on track to exceed the previous
Vice President Kamala Harris and Second Gentleman Douglas Emhoff’s personal financial records have come under scrutiny as Harris runs for the highest office in the United States. Analysis of their tax filings reveals that they have maintained a fairly basic financial strategy during Harris’ tenure as vice president. While this approach may have simplified their
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
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