In a recent annual proxy statement filing with the Securities and Exchange Commission, electric vehicle and renewable energy company Tesla unveiled its plans for a 3-for-one stock split. The company also announced that Larry Ellison, a Tesla board member, will resign from his board duties. The company said in the...
Home mortgage applications declined 7 percent this past week, marking a 21 percent fall from the same week in 2021. Demand for refinancing also fell 6 percent during the week, or 75 percent less in a year-to-year comparison. Refinancing demand tends to be the most sensitive to interest rate...
According to mortgage software and analytics firm Black Knight, the collective home mortgage equity available in the U.S. increased by a record $1.2 trillion during the first quarter of 2022. The figure accounted for a 20 percent equity cushion that homeowners could retain in their homes.  The total tappable equity...
According to a report by the National Institute on Retirement Security, tax breaks created to enhance savings for retirement are geared more toward top earners rather than middle-class taxpayers. Unfortunately, an analysis of the tax code shows that more than 50 percent of the tax breaks for Individual Retirement Accounts,...
Pinterest shares were up by more than 6 percent after the company reported it beat expectations for its earnings per share and revenue for the first quarter of 2022. Although, the social media company did overestimate how many monthly users it would have active during the quarter. Instead, its...
The U.S. government announced on Thursday that it plans to release 1 million barrels of oil each day from its Strategic Petroleum Reserve. The White House said, “The scale of this release is unprecedented: the world has never had a release of oil reserves at this 1 million per day...
Google has announced that it plans to acquire Mandiant, a cybersecurity firm founded in 2004, to increase its protection for its cloud customers. If the deal is approved, Google is paying $23 a share, or approximately $5.4 billion, for the publicly-traded firm in a deal expected to close late...
This past week marked the beginning of major 3G "network sunsets" that will affect millions of vehicles across the United States, including Teslas, Audis, Hondas, and Nissans, as AT&T leads the way in shutting down the network to free up capital and infrastructure for more updated networks like 5G....
According to a top industry association, global semiconductor sales have climbed significantly higher due to a worldwide chip shortage, reaching a record half-trillion dollars. Last year, the global semiconductor industry saw sales of an astounding $555.9 billion, the highest amount recorded by the industry and a rise of 26.2 percent...
This month, tensions between Russia and Ukraine caused gas prices to hit record levels. Earlier in the week, Brent crude prices rose briefly to more than $96 on Monday, its highest level in over seven years. Oil prices stood at $78 at the beginning of the year. By the...