Warren Buffett’s Berkshire Hathaway has been steadily reducing its stake in Bank of America over the past six straight trading days. The conglomerate sold an additional 18.9 million shares over a period of Monday, Tuesday, and Wednesday, at an average price of $42.46, generating $802.5 million in proceeds. This recent sell-off follows the sale of
With Vice President Kamala Harris on track to become the Democratic nominee for president, there is much speculation on how her policies will align with those of President Joe Biden, particularly in the realm of affordable housing. Harris has been a vocal advocate for affordable housing throughout her career, aiming to ensure that every American
American Airlines recently announced a significant cut to its profit forecast for the year, attributing the reduction to a failed sales strategy and an oversupply of flights in the industry. The airline now expects to earn between 70 cents to $1.30 per share, a substantial decrease from the initial forecast of $2.25 to $3.25 per
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter due to an oversupplied U.S. market, resulting in discounted ticket prices during a typically lucrative time of the year. The airline projected a decrease in unit revenue of up to 2% compared to the previous year, along with a potential rise
The National Institute on Retirement Security conducted a survey that revealed a concerning statistic – only 11% of non-retirees know exactly how much Social Security benefits they are set to receive. The research showed that 24% are unsure, while 22% have no idea at all. This lack of awareness raises red flags among the population
Unilever’s shares experienced a significant increase on Thursday morning, following the company’s announcement of raising its full-year margin guidance and confirming the progress of the spinoff of its ice cream business. The share price surged by nearly 8% initially, but later stabilized around a 5.45% gain by mid-morning in London. In the first-half results published
The concept of “Buy Now, Pay Later” (BNPL) has become increasingly popular in recent years, allowing consumers to purchase items and defer payment to a later date. While this may seem convenient at first glance, there are growing concerns about the potential risks associated with this industry. This has prompted the British government to take
Chipotle Mexican Grill recently reported its quarterly earnings and revenue, exceeding analysts’ expectations. The company experienced higher traffic at its restaurants, which helped drive its strong performance. Despite concerns about the health of the restaurant industry and a recent stock split, Chipotle’s stock rose about 13% in extended trading before settling around 3% higher. In
With the U.S. presidential election on the horizon, many investors are experiencing increased anxiety about the potential effects on the stock market. According to a survey conducted by the American Psychiatric Association, 73% of individuals are feeling anxious about the upcoming election. This heightened sense of uncertainty can lead to impulsive decisions that may disrupt
Recent data from ZipRecruiter shows that job seeker confidence hit a new low in Q2 of 2024. This decline suggests that workers are becoming more pessimistic about their prospects of finding their desired jobs. The job market, which was once booming with record-high job openings and historically low unemployment rates, now seems to be cooling
