SunPower, once a leader in the rooftop solar installation industry, has recently filed for bankruptcy. This news comes after months of struggling with high interest rates and allegations of misconduct in reporting practices. The company’s stock plummeted by 32% to a mere 55 cents per share, marking a staggering 90% collapse over the course of
admin
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 represented a slight dip of just over 3% from the same period last year. The company’s net income for the first half of the financial year also decreased, dropping from $62
India’s ultra high net worth individuals (UHNWIs) are poised to experience unprecedented growth in the coming years, with consultancy Knight Frank predicting a surge of 50.1% by 2028. The financial center of Mumbai has already overtaken Beijing as Asia’s leading billionaire hub, signaling a significant shift in wealth distribution. With a rising population of ultra-wealthy
Brokerage firm Robinhood made an announcement on Monday evening regarding the suspension of its overnight trading feature due to an issue with its execution venue, Blue Ocean ATS. This third-party firm, responsible for round-the-clock trading, notified Robinhood that it has temporarily suspended overnight market operations. As a result, 24 Hour Market orders that were open
Over the weekend, Warren Buffett made a surprising decision that caused Apple’s stock to plummet. Berkshire Hathaway revealed in its earnings filing that it had decreased its Apple holding by a significant 49%, leaving many investors bewildered. This move comes at a time when global stock markets are facing uncertainty due to fears of an
Eli Lilly has made significant progress in addressing the shortage of their weight loss injection, Zepbound, and diabetes drug, Mounjaro. The U.S. Food and Drug Administration recently updated their drug shortage database to confirm that all doses of these medications are now available in the United States. This news comes after months of limited availability
As Vice President Kamala Harris runs for the highest office in the United States, her personal financial records have come under scrutiny. The recent tax filings of Harris and her husband, Second Gentleman Douglas Emhoff, reveal a relatively simplistic approach to managing their finances during her tenure as vice president. However, experts suggest that this
Exxon Mobil recently reported its second-highest results for the second quarter in the past decade, driven by record production in Guyana and the Permian Basin. CEO Darren Woods highlighted that the oil produced during the second quarter reached its highest level since the Exxon and Mobil merger in 1999. This impressive production level contributed to