Coterra Energy recently reported its second-quarter results, falling short of Wall Street expectations for both sales and earnings. Revenue for the quarter came in at $1.27 billion, representing a 7% increase year over year. However, this figure fell short of the consensus forecast of $1.33 billion. Adjusted diluted earnings per share also missed expectations, coming
Exxon Mobil recently announced its second-highest results for the second quarter in the last decade. The company achieved record production in Guyana and the Permian Basin, driving its success. CEO Darren Woods highlighted that the oil production in the second quarter was the highest level since the merger of Exxon and Mobil in 1999. In
The recent decrease in mortgage rates has caught the attention of many home buyers and industry experts alike. According to Mortgage News Daily, the average rate on a 30-year fixed mortgage dropped significantly to 6.4%, marking the lowest rate since April 2023. This abrupt decline was fueled by a weaker-than-expected monthly employment report, causing bond
Berkshire Hathaway, under the leadership of CEO Warren Buffett, is set to announce a record cash pile exceeding $200 billion, highlighting Buffett’s recent sale of some of his favorite stocks like Apple and Bank of America. This drastic move has raised concerns among investors and analysts, who believe that Buffett may be trying to de-risk
DraftKings, a leading mobile betting platform, recently made headlines by announcing a gaming surcharge on winning bets in states with high sports betting tax rates. This move is aimed at boosting the company’s profitability and comes at a time when the industry is facing increasing scrutiny and regulation. The decision to implement a tax on
The personal financial records of Vice President Kamala Harris have recently come under scrutiny, as she is now a candidate for the highest office in the United States. Financial experts have closely examined her recent tax filings, revealing a relatively simplistic approach to managing her finances throughout her tenure as vice president. While her tax
Eli Lilly’s highly popular weight loss injection Zepbound and diabetes drug Mounjaro are now fully available in the U.S., as per the recent update on the U.S. Food and Drug Administration’s drug shortage database. The previous update indicated that certain doses of these treatments were facing shortages. The scarcity of Mounjaro dates back to as
The upcoming Federal Reserve meeting is stirring up a lot of anticipation for potential changes in interest rates. It is expected that policymakers will keep short-term interest rates steady, but the groundwork for interest rate cuts in September is likely to be laid out. The big question on everyone’s minds is how aggressive the Fed
In a recent turn of events, Delta Air Line CEO Ed Bastian found himself in a tough situation, having to deal with the aftermath of a botched CrowdStrike software update that wreaked havoc for the airline. Thousands of customers and crew members were left stranded due to the disruptions caused by the faulty update. Delta
Tadge Juechter’s career at General Motors began with a pivotal research project in 1985 to determine the market potential for a high-performance model of the iconic Corvette. Fast forward nearly four decades, and Juechter has left an indelible mark on the Corvette legacy, culminating in the unveiling of the 2025 Chevrolet Corvette ZR1, the most