Monthly Archives: August 2022

Elon Musk says he has moved out of his prefab tiny home and lives in a ‘very small’ $45,000 property in South Texas instead

Elon Musk lives in a “very small” $45,000 3-bedroom house. Patrick Pleul/picture alliance via Getty Images Elon Musk says he has moved out of his prefab tiny home into a “very small” 3-bedroom house. The billionaire told the Full Send podcast hosts he uses his previous tiny home as a guesthouse. Both the new property…

Today’s mortgage and refinance rates: August 5, 2022 | Average rates dropped this week

The average weekly 30-year fixed mortgage rate has dropped to 4.99%. This is the first time this rate has dipped below 5% since early April, according to Freddie Mac. Sam Khater, Freddie Mac’s chief economist, referred to the recent volatility in rates as a “tug of war” between inflation and a cooling economy. The Federal…

As crude drops below $90 a barrel, investors should bet on a steep drop in the oil price, Citi strategist says

A busy hurricane season could have a bullish effect on oil prices. Photo by ANGELOS TZORTZINIS/AFP via Getty Images Expect steep drops in oil prices as demand for gasoline falls and supply rises, a Citi strategist said.  “The market is no longer expecting tightness ahead,” Ed Morse told CNBC.  A busy hurricane season however is…

The Democrats have taken aim at the stock market’s safety net by taxing buybacks – potentially creating another headwind for investors

Senator Kyrsten Sinema (second from right) agreed to move forward with Joe Biden’s bill on Thursday. Kevin Dietsch/Getty Images The Democrats plan to put a 1% tax on share buybacks, as part of a deal to rescue Joe Biden’s agenda. Stock buybacks have supported the market in recent years, with companies spending huge amounts on…

NASA develops ingenious solution to fix its troubled ‘Lucy’ asteroid explorer

Last year, NASA launched the Lucy spacecraft designed to explore the Trojan asteroids trapped near Jupiter’s Lagrange points. However, a problem arose just 12 hours after launch — one of the large solar arrays designed to generate power from an increasingly distant Sun had failed to fully deploy and latch. Now, NASA has announced that…

Final Fantasy 14 still keeping Square Enix afloat amid declining financial results

Final Fantasy 14 remains the darling of Square Enix’s output as the publisher announces declining financial results in its latest report. Total net sales from the last financial quarter (April to June) were 74.8bn yen, a drop of almost 16 percent compared to the same period last year, while operating income was 14.4bn yen, a…