Global crude benchmarks climbed more than 4% in afternoon U.S. trade after a Saudi-led coalition in Yemen said Saudi Arabia intercepted six ballistic missiles fired by Iran-backed Houthis on Thursday. The front-month Brent crude contract rose 4.7% to $107.95 a barrel, while West Texas Intermediate futures climbed 4.8% to $96.56 a barrel, according to market … Read more
Howard Buffett assumed the role of chairman of Berkshire Hathaway at age 71 as his father, Warren Buffett, retired from the position. The transition places the billionaire’s son in charge of guarding the unique culture that has kept candy, railroads, and insurance under one $1 trillion conglomerate. Howard Buffett Takes the Reins as Chairman Howard … Read more
Treasury yields and the U.S. dollar surged after a robust August jobs report showed the U.S. economy added 162,000 jobs, according to data reported by Dow Jones and tracked by CNBC. The stronger-than-expected hiring print significantly altered market expectations for monetary policy, elevating the probability of a Federal Reserve interest rate hike at the upcoming … Read more
A custom-built Medina home designed by Olson Kundig Architects has hit the market asking $14.49 million, showcasing a Japanese-inspired material palette and cantilevered architectural planes according to listing agents Tere Foster and Moya Skillman of Compass. Architectural Design and Material Palette of the Medina Property Completed this year, the two-level residence spans 5,000 square feet … Read more
Travel functions as a legitimate tool for improving mental health and cognitive well-being, according to recent research, offering benefits that extend well beyond a simple escape from everyday routines. Away from familiar surroundings, the human brain encounters novel experiences that demand active mental engagement rather than running on autopilot. How Novel Environments Stimulate Brain Function … Read more
Weaker-than-expected jobs data previously led markets to scale back expectations for a September rate hike, according to market reports. Inflation Reports Drive Near-Term Trading Focus Market attention has shifted decisively to upcoming U.S. economic releases. The U.S. consumer price report is scheduled for release on Wednesday, followed by producer price figures on Thursday. “Markets expect … Read more