Saudi Aramco, the state oil giant, recently reported a net profit of $29.1 billion for the second quarter of the financial year. This figure represents a slight decrease of just over 3% compared to the same period last year. The company’s net income for the first half of the year was $56.3 billion, down from
Brokerage firm Robinhood recently announced that it would be halting overnight trading due to an issue with its execution venue, Blue Ocean ATS. This decision came after several other brokerage firms, such as Charles Schwab, experienced technical difficulties on Monday that affected user access to their accounts. The timing of these problems could not have
Warren Buffett, the legendary investor, recently made a bold move by cutting his Apple stake in half, leading to a significant drop in the tech giant’s stock value. This decision sent shockwaves through the investing world and caused global stock markets to tremble amidst concerns of an economic slowdown. Berkshire Hathaway, Buffett’s conglomerate, revealed in
The upcoming Federal Reserve meeting holds significant importance not only for the present economic scenario but also for the future course of action by policymakers. While the short-term interest rates are expected to remain steady, there are indications that interest rate cuts may be on the horizon. The key focus will be on how the
Berkshire Hathaway, under the leadership of CEO Warren Buffett, is on the brink of amassing a mammoth cash pile that could cross the $200 billion threshold. This amount is said to surpass the annual gross domestic product of Hungary, signifying the enormity of the conglomerate’s financial reserves. The anticipated announcement of Berkshire’s second-quarter earnings is
Vice President Kamala Harris’ financial decisions are currently receiving attention as she embarks on a campaign for the presidency of the United States. Financial experts have analyzed her recent tax filings and concluded that while her financial approach during her vice presidency years was simple, it may have resulted in missed opportunities for tax savings
Coterra Energy recently reported their second-quarter results, which fell short of Wall Street expectations. While revenue increased by 7% year over year to $1.27 billion, it failed to meet the consensus forecast of $1.33 billion. Additionally, adjusted diluted earnings per share dropped by 5.1% compared to the previous year, missing the expected 37 cents per
In recent years, record inflation has led to a significant increase in home prices across the country, raising concerns about the long-term value of homeownership. As home values continue to climb, so do the costs associated with maintaining a property. According to a 2023 analysis by the Chamber of Commerce, more than 1 in 4
Recently, DraftKings, a mobile betting powerhouse, made an announcement that shocked many customers across the United States. The company revealed its plans to implement a tax on consumers in states with the highest sports betting tax rates. This decision is aimed at boosting the company’s profit margins, but it has raised concerns among players and
After the recent chaos that ensued due to a botched CrowdStrike software update, Delta Air Lines CEO Ed Bastian has taken a step towards showing appreciation to the staff members who bore the brunt of the disruptions. By offering employees two free travel passes, Bastian aims to acknowledge the hardships faced by the team during
