2 days ago
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If you're looking to supercharge your savings, a high-yield savings account can provide a competitive interest rate to help your balance grow faster.
However, not all banks offer high savings account rates, which is why it's important to shop around and find the most competitive savings interest rates available.
Read on to learn more about where to find the best savings interest rates today.
The average interest rate on a traditional savings account is only 0.38%, according to the FDIC. However, today's best high-yield savings accounts pay around 3%-4%.
#high #however
If you're looking to supercharge your savings, a high-yield savings account can provide a competitive interest rate to help your balance grow faster.
However, not all banks offer high savings account rates, which is why it's important to shop around and find the most competitive savings interest rates available.
Read on to learn more about where to find the best savings interest rates today.
The average interest rate on a traditional savings account is only 0.38%, according to the FDIC. However, today's best high-yield savings accounts pay around 3%-4%.
#high #however
11 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Accidents can happen anywhere and at any time. Someone could slip on ice on your front walkway and break several bones. Or perhaps your tires lose traction on a rainy day, causing you to rear-end the vehicle in front of you, totaling the car, and injuring the other driver. Your home or auto insurance can help cover the costs of accidents like these if you're found liable. However, if the damages exceed your policy's liability limits, you could be responsible for paying the remaining costs out of pocket.
"That's where an umbrella policy would come into place," said Kim Bowser, vice president of national product and experience development at Grange Insurance. "Your auto or home insurance would typically cover the loss first. Umbrella kicks in as an extra layer on top of that coverage protection."
Umbrella insurance is a safety net protecting you from financial disaster. It pays to know what an umbrella policy is, how it works, and what it covers.
Learn more: How does car insurance work? The basics explained.
#accidents #cover #policy
Accidents can happen anywhere and at any time. Someone could slip on ice on your front walkway and break several bones. Or perhaps your tires lose traction on a rainy day, causing you to rear-end the vehicle in front of you, totaling the car, and injuring the other driver. Your home or auto insurance can help cover the costs of accidents like these if you're found liable. However, if the damages exceed your policy's liability limits, you could be responsible for paying the remaining costs out of pocket.
"That's where an umbrella policy would come into place," said Kim Bowser, vice president of national product and experience development at Grange Insurance. "Your auto or home insurance would typically cover the loss first. Umbrella kicks in as an extra layer on top of that coverage protection."
Umbrella insurance is a safety net protecting you from financial disaster. It pays to know what an umbrella policy is, how it works, and what it covers.
Learn more: How does car insurance work? The basics explained.
#accidents #cover #policy
12 days ago
In the latest Bitcoin news, Strategy (MSTR) sold 1,638 BTC for approximately $105 million last week, disclosed via an SEC filing dated August 3, 2026, marking the firm's third discrete Bitcoin disposal of 2026 and its sixth consecutive week without a purchase.
The proceeds, combined with $290.6 million raised through common stock issuance, funded $81.2 million in STRC preferred stock repurchases and added $250 million to Strategy's USD reserve, pushing that figure to $4 billion.
The average sale price for the latest tranche was roughly $64,000 per BTC, meaningfully below Strategy's overall average acquisition cost of $75,419.
With 842,138 BTC on the books at a total cost of $63.51 billion, the company is sitting on a paper loss of approximately $10.9 billion at current prices, according to Arkham Research.
MSTR slipped 1.9% in pre-market trading following the disclosure, with Bitcoin near $63,500.
#mstr
The proceeds, combined with $290.6 million raised through common stock issuance, funded $81.2 million in STRC preferred stock repurchases and added $250 million to Strategy's USD reserve, pushing that figure to $4 billion.
The average sale price for the latest tranche was roughly $64,000 per BTC, meaningfully below Strategy's overall average acquisition cost of $75,419.
With 842,138 BTC on the books at a total cost of $63.51 billion, the company is sitting on a paper loss of approximately $10.9 billion at current prices, according to Arkham Research.
MSTR slipped 1.9% in pre-market trading following the disclosure, with Bitcoin near $63,500.
#mstr
16 days ago
Interested in Castle Biosciences, Inc.? Here are five stocks we like better.
Castle Biosciences reported strong Q2 growth, with revenue rising 20% year over year to $103.5 million. The company raised its 2026 revenue outlook to $365 million–$375 million, up from $345 million–$355 million previously.
TissueCypher was the primary growth driver, generating 14,988 reports, up 63% year over year. Castle now expects TissueCypher report volume to increase approximately 50%–52% in 2026, while AdvanceAD-Tx exceeded 1,000 orders in the quarter.
Despite higher revenue, gross margins declined and Castle posted a $2.1 million net loss, although adjusted EBITDA rose to $12.4 million. Management expects positive adjusted EBITDA in Q3, Q4 and for full-year 2026, supported by $266.8 million in cash and investments at quarter-end.
Castle Biosciences (NASDAQ:CSTL) reported second-quarter 2026 revenue of $103.5 million, up 20% from the prior-year period, as growth in its TissueCypher test and other core offerings supported results. The company raised its full-year revenue outlook to $365 million to $375 million, from a previous range of $345 million to $355 million.
#year #quarter
Castle Biosciences reported strong Q2 growth, with revenue rising 20% year over year to $103.5 million. The company raised its 2026 revenue outlook to $365 million–$375 million, up from $345 million–$355 million previously.
TissueCypher was the primary growth driver, generating 14,988 reports, up 63% year over year. Castle now expects TissueCypher report volume to increase approximately 50%–52% in 2026, while AdvanceAD-Tx exceeded 1,000 orders in the quarter.
Despite higher revenue, gross margins declined and Castle posted a $2.1 million net loss, although adjusted EBITDA rose to $12.4 million. Management expects positive adjusted EBITDA in Q3, Q4 and for full-year 2026, supported by $266.8 million in cash and investments at quarter-end.
Castle Biosciences (NASDAQ:CSTL) reported second-quarter 2026 revenue of $103.5 million, up 20% from the prior-year period, as growth in its TissueCypher test and other core offerings supported results. The company raised its full-year revenue outlook to $365 million to $375 million, from a previous range of $345 million to $355 million.
#year #quarter
20 days ago
Wall Street usually spends earnings season talking down the next quarter. This time it's doing the opposite.
More S&P 500 (^GSPC) companies are raising their profit outlooks than cutting them, and the gap is the widest in the Bloomberg Intelligence data that starts in 2011.
Analysts are lifting 2026 and 2027 estimates instead of trimming them, a reversal from the usual midyear markdown.
The beats are loud too.
Through July 22, roughly 93% of the companies that had reported topped estimates, per Fundstrat, against a 78% five-year average — what financial writer Mike Zaccardi called "a whopping 15.5% surprise."
#intelligence
More S&P 500 (^GSPC) companies are raising their profit outlooks than cutting them, and the gap is the widest in the Bloomberg Intelligence data that starts in 2011.
Analysts are lifting 2026 and 2027 estimates instead of trimming them, a reversal from the usual midyear markdown.
The beats are loud too.
Through July 22, roughly 93% of the companies that had reported topped estimates, per Fundstrat, against a 78% five-year average — what financial writer Mike Zaccardi called "a whopping 15.5% surprise."
#intelligence
25 days ago
28 days ago
Magnolia Oil & Gas has agreed to acquire privately held WildFire Energy in a transaction valued at approximately $4.06 billion, a move that more than doubles its acreage in the Giddings area of South Texas and creates one of the region's largest Eagle Ford and Austin Chalk positions.
The acquisition adds approximately 810,000 net acres to Magnolia's existing holdings, bringing its total Giddings position to more than 1.25 million net acres. The combined portfolio provides exposure to multiple productive formations, including the Austin Chalk, Eagle Ford and Woodbine, while strengthening the company's presence near premium Gulf Coast markets.
Magnolia said the acquired **** ets currently produce around 53,000 barrels of oil equivalent per day, with roughly 70% of output consisting of oil. The company expects the transaction to immediately increase cash flow, free cash flow and earnings per share while lowering its corporate reinvestment rate.
The company also expects to generate more than $100 million in annual synergies through operational efficiencies, infrastructure integration and lower corporate costs. Included in the acquisition are a sand mine that supplies most of Magnolia's completion sand needs and more than 500 miles of gas gathering pipelines in Giddings.
Reflecting confidence in the combined business, Magnolia announced a 9% increase in its quarterly dividend to $0.18 per share, payable in the third quarter of 2026, while maintaining its existing share repurchase program.
The acquisition adds approximately 810,000 net acres to Magnolia's existing holdings, bringing its total Giddings position to more than 1.25 million net acres. The combined portfolio provides exposure to multiple productive formations, including the Austin Chalk, Eagle Ford and Woodbine, while strengthening the company's presence near premium Gulf Coast markets.
Magnolia said the acquired **** ets currently produce around 53,000 barrels of oil equivalent per day, with roughly 70% of output consisting of oil. The company expects the transaction to immediately increase cash flow, free cash flow and earnings per share while lowering its corporate reinvestment rate.
The company also expects to generate more than $100 million in annual synergies through operational efficiencies, infrastructure integration and lower corporate costs. Included in the acquisition are a sand mine that supplies most of Magnolia's completion sand needs and more than 500 miles of gas gathering pipelines in Giddings.
Reflecting confidence in the combined business, Magnolia announced a 9% increase in its quarterly dividend to $0.18 per share, payable in the third quarter of 2026, while maintaining its existing share repurchase program.
1 month ago
July 17 (Reuters) - Global equity funds attracted inflows for an eighth consecutive week through July 15, as investor risk appetite was lifted by a strong start to the earnings season and cooler U.S. inflation data that eased expectations of Federal Reserve rate hikes.
Investors made net purchases of $12.46 billion in global equity funds during the week, following a hefty $48.35 billion in net buying the previous week, LSEG Lipper data showed.
Leading Wall Street banks including Bank of America, JPMorgan Chase and Morgan Stanley reported robust earnings earlier this week, alongside ASML, a dominant supplier of AI chipmaking equipment.
By region, Europe led equity fund inflows with net purchases of $9.49 billion during the week. Asian funds also drew $5.4 billion in inflows, while investors divested roughly $4.8 billion from U.S. funds.
Among sector funds, technology attracted $3.37 billion, though that was the smallest inflow in three weeks. Financials and healthcare funds also posted weekly inflows of $567 million and $558 million, respectively.
Investors made net purchases of $12.46 billion in global equity funds during the week, following a hefty $48.35 billion in net buying the previous week, LSEG Lipper data showed.
Leading Wall Street banks including Bank of America, JPMorgan Chase and Morgan Stanley reported robust earnings earlier this week, alongside ASML, a dominant supplier of AI chipmaking equipment.
By region, Europe led equity fund inflows with net purchases of $9.49 billion during the week. Asian funds also drew $5.4 billion in inflows, while investors divested roughly $4.8 billion from U.S. funds.
Among sector funds, technology attracted $3.37 billion, though that was the smallest inflow in three weeks. Financials and healthcare funds also posted weekly inflows of $567 million and $558 million, respectively.
1 month ago
Our ***** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Bloomsbury Publishing is sticking with its full-year guidance, helped by ongoing AI licensing revenue and growth in its Academic & Professional division. The publisher expects adjusted profit of about £49.9 million (about $67.3 million) this year, up from £44.9 million last year, despite a consumer division that is still waiting for big fantasy releases and fresh Harry Potter momentum. The lesson is simple. Magic wands are nice, but licensing your back catalogue to AI companies may be the new enchanted object.
Bloomsbury said it remains confident of meeting full-year market expectations after the first four months of its financial year.
The London-listed publisher, best known as the UK home of Harry Potter and the publisher of Sarah J. Maas, said consensus expectations stand at revenue of £354.2 million and adjusted profit of £49.9 million for the year to February 2027.
That would compare with revenue of £325.9 million and adjusted profit of £44.9 million in the previous financial year.
Bloomsbury Publishing is sticking with its full-year guidance, helped by ongoing AI licensing revenue and growth in its Academic & Professional division. The publisher expects adjusted profit of about £49.9 million (about $67.3 million) this year, up from £44.9 million last year, despite a consumer division that is still waiting for big fantasy releases and fresh Harry Potter momentum. The lesson is simple. Magic wands are nice, but licensing your back catalogue to AI companies may be the new enchanted object.
Bloomsbury said it remains confident of meeting full-year market expectations after the first four months of its financial year.
The London-listed publisher, best known as the UK home of Harry Potter and the publisher of Sarah J. Maas, said consensus expectations stand at revenue of £354.2 million and adjusted profit of £49.9 million for the year to February 2027.
That would compare with revenue of £325.9 million and adjusted profit of £44.9 million in the previous financial year.
1 month ago
This article was originally published on ETFTrends.com.
In my former career as a stock research ******* yst, a unique dynamic always signaled a high-conviction idea. While I sat there building out earnings models and reworking valuation ******* umptions, the technical ******* ysts would look for relative strength or weakness. The chartists would regularly poke holes in my fundamental ******* ysis recommendations. However, occasionally, my research would independently flag an undervalued stock that the technical ******* ysis supported as a breakout. The recently launched Defiance KSM TipRanks ******* yst ETF (RANK) brings these two investment approaches together nicely. The new index ETF can act as a bridge that blends fundamental research and momentum investing.
The newly launched RANK ETF blends fundamental ******* ysis and technical trends in one TipRanks index approach.
Risk management constraints keep individual stock weights capped at 6% and Walmart (WMT) was a recent top position.
RANK's underlying TipRanks index outpaced standalone strategies over a trailing three-year stretch, achieving a 37% annualized return as of June 2026.
In my former career as a stock research ******* yst, a unique dynamic always signaled a high-conviction idea. While I sat there building out earnings models and reworking valuation ******* umptions, the technical ******* ysts would look for relative strength or weakness. The chartists would regularly poke holes in my fundamental ******* ysis recommendations. However, occasionally, my research would independently flag an undervalued stock that the technical ******* ysis supported as a breakout. The recently launched Defiance KSM TipRanks ******* yst ETF (RANK) brings these two investment approaches together nicely. The new index ETF can act as a bridge that blends fundamental research and momentum investing.
The newly launched RANK ETF blends fundamental ******* ysis and technical trends in one TipRanks index approach.
Risk management constraints keep individual stock weights capped at 6% and Walmart (WMT) was a recent top position.
RANK's underlying TipRanks index outpaced standalone strategies over a trailing three-year stretch, achieving a 37% annualized return as of June 2026.
1 month ago
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1 month ago
This article was originally published on ETFTrends.com.
At first glance, broad-market funds seemingly offer similar exposure to the exact same underlying stocks. Various **** et managers offer several heavyweight funds that claim to capture the broader market. However, subtle differences in how these products are built, priced, and managed mean they are far from interchangeable.
Many funds track the same indexes.Structural and management differences such as fee structures and composition make products far from interchangeable.
Investors can potentially optimize their portfolios by choosing between different funds for the same index. For example, selecting SPY for high liquidity and active trading or SPYM for cost-efficient, long-term holding.
State Street is the first firm to offer distinct ETFs tracking all three major U.S. benchmarks—the S&P 500, the Dow Jones Industrial Average, and the Nasdaq-100—providing a complete suite of index-based strategies for investors.
At first glance, broad-market funds seemingly offer similar exposure to the exact same underlying stocks. Various **** et managers offer several heavyweight funds that claim to capture the broader market. However, subtle differences in how these products are built, priced, and managed mean they are far from interchangeable.
Many funds track the same indexes.Structural and management differences such as fee structures and composition make products far from interchangeable.
Investors can potentially optimize their portfolios by choosing between different funds for the same index. For example, selecting SPY for high liquidity and active trading or SPYM for cost-efficient, long-term holding.
State Street is the first firm to offer distinct ETFs tracking all three major U.S. benchmarks—the S&P 500, the Dow Jones Industrial Average, and the Nasdaq-100—providing a complete suite of index-based strategies for investors.
1 month ago
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) on Monday agreed to acquire Crinetics Pharmaceuticals Inc. (NASDAQ:CRNX) for $85 per share in cash, a total equity value of approximately $10 billion ($8.8 billion net of cash).
Vertex expects to finance the acquisition using a combination of cash on hand and debt, supported by $4.5 billion of fully committed bridge financing.
Vertex's cash, cash equivalents, and total marketable securities as of March 31, 2026, were $13.0 billion.
Read Also:Vertex Says Casgevy Label Expansion Opens Treatment to 5,500 More US Children
The transaction was approved by both the Vertex and Crinetics Boards of Directors and is anticipated to close in the third quarter of 2026.
Vertex expects to finance the acquisition using a combination of cash on hand and debt, supported by $4.5 billion of fully committed bridge financing.
Vertex's cash, cash equivalents, and total marketable securities as of March 31, 2026, were $13.0 billion.
Read Also:Vertex Says Casgevy Label Expansion Opens Treatment to 5,500 More US Children
The transaction was approved by both the Vertex and Crinetics Boards of Directors and is anticipated to close in the third quarter of 2026.
1 month ago
Artisan Partners, an investment management firm, issued its first-quarter 2026 investor letter for the "Artisan Mid Cap Value Fund". A copy of this letter is available for download here. In Q1 2026, the portfolio underperformed the benchmark Russell Midcap Value Index as the market favored momentum-driven stocks over quality factors. Some holdings faced company-specific setbacks and negative sentiment. The Fund's Investor Class: ARTQX returned -4.93%, Advisor Class: APDQX declined by -4.90%, and Institutional Class: APHQX fell by -4.97%, all trailing the Index's 3.68% gain. The equity market in the quarter was mixed, with mid- and small-cap indices showing resilience despite lagging large-cap growth stocks. Volatility increased, initially fueled by interest in AI and private credit, but escalated after the outbreak of war in Iran, leading to rising oil prices. Sector performance varied, with energy leading the gains. The Fund continues to seek companies capable of value growth during market dislocations at attractive entry points. Also, review the Fund's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted Brown & Brown, Inc. (NYSE:BRO) as a newly added position. Brown & Brown, Inc. (NYSE:BRO) is a leading insurance brokerage firm that operates through Retail and Specialty Distribution segments. On July 7, 2026, Brown & Brown, Inc. (NYSE:BRO) closed at $69.27 per share, reflecting a market capitalization of $23.48 billion. Brown & Brown, Inc. (NYSE:BRO) posted a one-month return of 15.10%, while its shares lost 35.94% over the past 52 weeks.
Artisan Mid Cap Value Fund stated the following regarding Brown & Brown, Inc. (NYSE:BRO) in its Q1 2026 investor letter:
"We initiated six new positions in Q1, representing an above-average rate of new purchase activity. Increased market volatility and greater dispersion in US equities during the quarter created more opportunities to add new names that meet our three margin-of-safety criteria: attractive business economics, sound financial condition and attractive valuation. Additionally, we sought to use recent volatility to upgrade the portfolio's quality. Our three largest new buys by position size were Brown & Brown, Inc. (NYSE:BRO), Veralto and IQVIA Holdings.
Brown & Brown is a leading US insurance broker focused on the middle market. The shares have come under pressure alongside the broader broker group, as investors recalibrated expectations following a period of elevated growth driven by a hard insurance market. As pricing and growth have begun to normalize, valuations have compressed, creating what we believe is a more attractive entry point. From a business economics perspective, insurance brokerage is a compelling model. Brokers act as intermediaries without taking underwriting risk, resulting in high margins, low capital intensity and strong free cash flow conversion, supported by high customer retention. Brown & B
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted Brown & Brown, Inc. (NYSE:BRO) as a newly added position. Brown & Brown, Inc. (NYSE:BRO) is a leading insurance brokerage firm that operates through Retail and Specialty Distribution segments. On July 7, 2026, Brown & Brown, Inc. (NYSE:BRO) closed at $69.27 per share, reflecting a market capitalization of $23.48 billion. Brown & Brown, Inc. (NYSE:BRO) posted a one-month return of 15.10%, while its shares lost 35.94% over the past 52 weeks.
Artisan Mid Cap Value Fund stated the following regarding Brown & Brown, Inc. (NYSE:BRO) in its Q1 2026 investor letter:
"We initiated six new positions in Q1, representing an above-average rate of new purchase activity. Increased market volatility and greater dispersion in US equities during the quarter created more opportunities to add new names that meet our three margin-of-safety criteria: attractive business economics, sound financial condition and attractive valuation. Additionally, we sought to use recent volatility to upgrade the portfolio's quality. Our three largest new buys by position size were Brown & Brown, Inc. (NYSE:BRO), Veralto and IQVIA Holdings.
Brown & Brown is a leading US insurance broker focused on the middle market. The shares have come under pressure alongside the broader broker group, as investors recalibrated expectations following a period of elevated growth driven by a hard insurance market. As pricing and growth have begun to normalize, valuations have compressed, creating what we believe is a more attractive entry point. From a business economics perspective, insurance brokerage is a compelling model. Brokers act as intermediaries without taking underwriting risk, resulting in high margins, low capital intensity and strong free cash flow conversion, supported by high customer retention. Brown & B
1 month ago
Is NVR a good stock to buy? We came across a bullish thesis on NVR, Inc. on StockCompass's Substack. In this article, we will summarize the bulls' thesis on NVR. NVR, Inc.'s share was trading at $6,643.73 as of July 1st. NVR's trailing and forward P/E were 16.64 and 16.29 respectively according to Yahoo Finance.
yuttana Contributor Studio/Shutterstock.com
NVR, Inc. (NVR) is one of the highest-quality homebuilders in the U.S., distinguished by its ***** et-light business model, exceptional capital efficiency, and disciplined capital allocation strategy. The company has come under pressure alongside the broader housing sector as elevated mortgage rates and declining affordability have weighed on demand, leaving the stock approximately 34.6% below its all-time high of $9,924.40.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
yuttana Contributor Studio/Shutterstock.com
NVR, Inc. (NVR) is one of the highest-quality homebuilders in the U.S., distinguished by its ***** et-light business model, exceptional capital efficiency, and disciplined capital allocation strategy. The company has come under pressure alongside the broader housing sector as elevated mortgage rates and declining affordability have weighed on demand, leaving the stock approximately 34.6% below its all-time high of $9,924.40.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
2 months ago
Soybeans are trading with 12 to 15 cent gains early on Wednesday morning. Futures bought the fact after on Tuesday, as contracts closed with 4 ¾ to 12 ½ cent gains. Open interest was up 4,137 contracts mainly in the new crop months, as the front months through September were down a combined 4,650. There were another 31 delivery notices against July futures overnight. The cmdtyView national average Cash Bean price was up 7 3/4 cents at $10.70. Soymeal futures were steady to $2.10 higher, with Soy Oil futures down 33 to 233 points led by the front months. There were no delivery notices against July soybean meal overnight, with 661 deliveries against July bean oil.
NASS reported 85.36 million soybean acres planted this spring in their June Acreage report, coming in slightly above estimates and 665,000 acres higher than in the March Prospective Plantings report. Double crop acres ticked up to 7%, from 6% last year and 4% in each of the prior 4 years.
Coffee Prices Soar on Brazil Crop Concerns
Coffee Prices Surge on Brazil Harvest Delays and Tight Supplies
Cocoa Prices Climb on Global Supply Risks
NASS reported 85.36 million soybean acres planted this spring in their June Acreage report, coming in slightly above estimates and 665,000 acres higher than in the March Prospective Plantings report. Double crop acres ticked up to 7%, from 6% last year and 4% in each of the prior 4 years.
Coffee Prices Soar on Brazil Crop Concerns
Coffee Prices Surge on Brazil Harvest Delays and Tight Supplies
Cocoa Prices Climb on Global Supply Risks
2 months ago
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President Donald Trump is accusing major oil companies of keeping gasoline prices artificially high despite a sharp drop in crude oil prices, saying American drivers are being "gouged" and calling on the Department of Justice (DOJ) to investigate.
"The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil," Trump wrote Wednesday on Truth Social (1). "Those prices are dropping like a rock! In other words, customers are being 'gouged.'"
Trump said he had instructed the DOJ to "immediately start looking into this," adding, "Gasoline prices better start going down a lot faster than what I'm seeing!"
The comments come as wholesale oil prices have largely retreated to where they traded before the recent conflict with Iran, while prices at the pump have remained comparatively elevated.
President Donald Trump is accusing major oil companies of keeping gasoline prices artificially high despite a sharp drop in crude oil prices, saying American drivers are being "gouged" and calling on the Department of Justice (DOJ) to investigate.
"The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil," Trump wrote Wednesday on Truth Social (1). "Those prices are dropping like a rock! In other words, customers are being 'gouged.'"
Trump said he had instructed the DOJ to "immediately start looking into this," adding, "Gasoline prices better start going down a lot faster than what I'm seeing!"
The comments come as wholesale oil prices have largely retreated to where they traded before the recent conflict with Iran, while prices at the pump have remained comparatively elevated.
2 months ago
Markets are facing an early summer swoon, and it's not even the July 4 weekend.
The insight: Amid a week of heightened volatility, especially for tech stocks, the S&P 500 (^GSPC) closed below its 50-day moving average for the first time in more than two months on Friday, according to Yahoo Finance AlphaSpace ****** ysis. The index appears set to start the week under this level based on premarket trading action on Monday.
The 50-day moving average is one of the most widely watched technical indicators on Wall Street, calculated simply by averaging a stock or market's closing price over the past 50 trading days and plotting it as a continuously updated line on a chart. It gives investors a real-time snapshot of a stock or market's medium-term price trend.
Read more: How to protect your money during turmoil, stock market volatility
When a stock or market is trading above the 50-day moving average, it is generally considered to be in a healthy uptrend, signaling that buying momentum is stronger than selling pressure. A stock or market trading below that line is often viewed as technically weak and vulnerable to further downside.
The insight: Amid a week of heightened volatility, especially for tech stocks, the S&P 500 (^GSPC) closed below its 50-day moving average for the first time in more than two months on Friday, according to Yahoo Finance AlphaSpace ****** ysis. The index appears set to start the week under this level based on premarket trading action on Monday.
The 50-day moving average is one of the most widely watched technical indicators on Wall Street, calculated simply by averaging a stock or market's closing price over the past 50 trading days and plotting it as a continuously updated line on a chart. It gives investors a real-time snapshot of a stock or market's medium-term price trend.
Read more: How to protect your money during turmoil, stock market volatility
When a stock or market is trading above the 50-day moving average, it is generally considered to be in a healthy uptrend, signaling that buying momentum is stronger than selling pressure. A stock or market trading below that line is often viewed as technically weak and vulnerable to further downside.
2 months ago
Potential homebuyers tend to agonize over two things: mortgage rates and home prices. But that's not where the burden of homeownership ends. It's really just the beginning.
Buyers will lock in a rate, sign at closing, and ****** ume the hard part of buying a house is over, but many things can go wrong, and there are many hidden homeownership costs that not everyone stops to consider.
For example, a recent survey of 2,500 U.S. homeowners from Ownwell, a property tax appeal service, found 76% say their property taxes in recent years have run higher than they budgeted for—up 10 percentage points from just a year earlier. Nearly two-thirds said they were surprised or shocked by their most recent tax bill, and 9 in 10 said they're concerned about the long-term financial hit of rising property taxes. And even more startling is 40% said they had considered moving specifically because of them.
"Taxes have quietly joined insurance as one of the biggest affordability shocks after closing, especially in states with high property taxes like New York, Massachusetts, and Texas," Ownwell CEO Colton Pace told Fortune.
These new stats point to an affordability problem the usual housing conversation misses. While it's more accessible (albeit sometimes painful) to monitor mortgage rates and home prices, recurring expenses like taxes, insurance, maintenance, and other line items that ****** ody mentions at the closing table are quietly reshaping what it actually costs to keep a home.
Buyers will lock in a rate, sign at closing, and ****** ume the hard part of buying a house is over, but many things can go wrong, and there are many hidden homeownership costs that not everyone stops to consider.
For example, a recent survey of 2,500 U.S. homeowners from Ownwell, a property tax appeal service, found 76% say their property taxes in recent years have run higher than they budgeted for—up 10 percentage points from just a year earlier. Nearly two-thirds said they were surprised or shocked by their most recent tax bill, and 9 in 10 said they're concerned about the long-term financial hit of rising property taxes. And even more startling is 40% said they had considered moving specifically because of them.
"Taxes have quietly joined insurance as one of the biggest affordability shocks after closing, especially in states with high property taxes like New York, Massachusetts, and Texas," Ownwell CEO Colton Pace told Fortune.
These new stats point to an affordability problem the usual housing conversation misses. While it's more accessible (albeit sometimes painful) to monitor mortgage rates and home prices, recurring expenses like taxes, insurance, maintenance, and other line items that ****** ody mentions at the closing table are quietly reshaping what it actually costs to keep a home.
