The state of Oregon has been hit hard by wildfires in recent days, prompting Governor Tina Kotek to invoke the Emergency Conflagration Act on multiple occasions. The widespread fires were sparked by thousands of lightning storms, resulting in the formation of 100 new blazes in the state. In a press briefing, Kotek expressed concern over
McDonald’s decision to extend its $5 value meal deal beyond the initial four-week window in most U.S. markets has proven to be a success. According to a memo obtained by CNBC, nearly every business unit, encompassing 93% of its restaurants, has voted to extend the promotion past its original end date late this month. The
Tejon Ranch, the largest privately owned piece of land in California, is looking to expand its commercial center by tapping into the municipal bond market for $61.6 million. The mixed-use property, spanning approximately 270,000 acres, has been a focal point of discussions regarding wildfires and urban sprawl in the region. The new financing aims to
Berkshire Hathaway, the conglomerate led by Warren Buffett, made headlines recently for selling a portion of its Bank of America shares. This move marked the first time in four and a half years that the company had decided to reduce its stake in the bank. The decision to sell 33.9 million shares for almost $1.5
When analyzing stocks during earnings season, it is crucial to pay attention to how they respond to their reports. One of the key factors to consider is the support and resistance levels, as they can indicate potential breakouts or breakdowns. In the case of health care services stock IQVIA Holdings (IQV), the recent earnings report
General Motors (GM) is expected to be the star performer among traditional Detroit automakers as they prepare to announce their second-quarter results. Wall Street analysts are projecting a stable sales performance and steady vehicle prices for America’s largest carmaker. GM is forecasted to report an impressive adjusted profit of $2.75 per share, representing a 44.2%
The recent decision by U.S. President Joe Biden to end his re-election campaign has sent ripples through the currency markets. The dollar, which had been relatively stable, saw a slight easing against a basket of currencies as investors scrambled to assess the implications of this political development. The sharp drop in the dollar versus the
In the ever-evolving landscape of social networking, there is a new player on the scene – SoMon. This decentralized Web3 forum has set out with a bold vision to create a space for user-owned content and connections, and it has quickly made its mark. Since its recent launch on Base, SoMon has already surpassed 300,000
The cryptocurrency market experienced a slight rise in Bitcoin price on Monday, following a sharp rally over the weekend. The stability came amidst news of President Joe Biden dropping his reelection bid, leading to increased uncertainty over the U.S. political outlook. Bitcoin, the world’s largest cryptocurrency, saw a 0.9% increase in the past 24 hours,
The recent announcement of an unexpected interest rate cut in China and President Biden’s decision not to seek reelection have created a ripple effect in Asian currency markets. Despite these events, most Asian currencies remained stagnant as uncertainty looms over the upcoming U.S. presidential elections. President Biden’s endorsement of Vice President Kamala Harris has raised