Berkshire Hathaway, the conglomerate led by CEO Warren Buffett, is under the microscope as its cash reserves continue to grow. With the cash pile potentially surpassing $200 billion, Buffett’s recent decision to sell off some of his favorite stocks has raised eyebrows. The sale of investments in Apple, Bank of America, and BYD has led
Coterra Energy recently released its second-quarter results, falling short of Wall Street expectations in terms of sales and earnings. Despite this, the company managed to exceed expectations in terms of production volumes and cash generation. Revenue for the three months ending June 30 saw a 7% increase year over year, totaling $1.27 billion. However, this
Mobile betting company DraftKings has recently announced plans to introduce a gaming surcharge on winning bets in certain states with high sports betting tax rates. This move comes as the company aims to increase its profits and navigate the challenges posed by escalating tax rates in the industry. DraftKings CEO and cofounder Jason Robins stated
In today’s economic climate, with record inflation rates, many potential homeowners are questioning whether investing in a home is still a sound financial decision. The increasing disparity between home prices and incomes poses a significant challenge for individuals looking to purchase a home. According to a recent analysis by the U.S. Census Bureau, more than
Delta Air Lines CEO, Ed Bastian, recently extended a gesture of gratitude towards the employees of the airline who had to navigate through the chaos caused by a faulty CrowdStrike software update. This update resulted in significant disruptions that left thousands of customers and crew members stranded. The aftermath of this incident was alarming, with
Recently, the average rate on the 30-year fixed mortgage plummeted to 6.4%, marking the lowest rate observed since April 2023. In addition, the 15-year fixed rate also decreased to 5.89%, reaching its lowest level since early May 2023. This drastic drop in mortgage rates can be attributed to a weaker-than-expected monthly employment report, leading to
Tadge Juechter, known as the “godfather” of the modern Corvette, has left an indelible mark on General Motors with his 47-year tenure at the Detroit automaker. His latest triumph comes in the form of the 2025 Chevrolet Corvette ZR1, which stands as the most powerful and fastest version of the iconic sports car to date.
When it comes to investing in stocks, it’s crucial to consider the recommendations of top Wall Street analysts for long-term growth potential. Google parent company Alphabet (GOOGL) is one such stock that has caught the attention of analysts due to its recent performance. Despite a slight slowdown in YouTube advertising revenue in the second quarter,