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
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