In October 2018, an anonymous woman in South Carolina won the $1.6 billion Mega Millions jackpot. Lottery prizes have been on the rise since the two major lottery organizations, Mega Millions and Powerball, struck a deal to cross-sell tickets in each others’ member states in 2010. But lotteries go back much further — in colonial
Month: June 2019
I know I don’t have to tell you it’s tough (and very frustrating) trying to get any kind of income stream from your savings these days. The average S&P 500 stock yields just 1.9%. That’s not even enough to cover inflation! Treasuries? The 10-year note yields an almost equally pathetic 2.3%. But there are still
Share to facebook Share to twitter Share to linkedin The Golden State Warriors are privately financing a new, $1.4 billion arena that the NBA team will move into next year. Sinclair Broadcast Group just bought 21 regional sports networks and Fox College Sports network from Walt Disney for $9.6 billion. While the price tags for
Starting a business is hard, and it requires patience, hard work and perseverance. It also requires capital. Unless you have a trust fund, a huge savings account or a wealthy partner, you will need to not only build your business, but also raise money to get it started. Whether you’re starting a time-tested business like
Arnott’s brand crackers at a convenience store. Jeff Greenberg | Universal Images Group | Getty Images Mondelez‘s efforts to buy Campbell Soup‘s iconic Australian Arnott’s biscuit brand have ended, people familiar with the matter told CNBC. The two had been in a stalemate over price, CNBC previously reported. Mondelez had submitted a final offer for Campbell’s
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 30, 2019. Brendan McDermid | Reuters Traders are begging the Federal Reserve for several rate cuts this year to salvage an economy they see set to slow significantly because of worsening trade disputes. The market cheered this week when Fed
Tom Reilly, chief executive officer of Cloudera Inc., stands during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Cloudera stock plummeted more than 30% after the cloud software
Workers assemble cars on the line at Tesla’s factory in Fremont. David Butow (Photo by David Butow/Corbis via Getty Images) David Butow | Corbis News | Getty Images A key metric for Tesla’s sales bounced back in the spring after a disappointing first quarter, but the company will need consistent strong performance to return its
John Wildgoose | Getty Images College degrees can actually widen the gender wage gap. Women with a bachelor’s degree earn 74 cents for every dollar a man with a bachelor degree makes, according to a new analysis by the U.S. Census Bureau. Among workers without a degree, in comparison, women make 78 cents for every
Ask yourself these questions as you prepare for retirement. Getty No matter your age, it’s a good time to think about retirement. Even if you have a retirement plan in place, it doesn’t hurt to review your situation and make any necessary tweaks. One way to get an idea of where you stand — and
Text sign showing Fiduciary Duty. Conceptual photo A legal obligation to act in the best interest of other. Getty An almost decade-long discussion to further consumer protections took a step today, but not necessarily a step forward. The SEC commissioners voted on June 5 to push forward a final rule aimed at expanding and clarifying
When I bought my first home, I had not been in the real estate business for long. It was just before I married my wife, and as a surprise for her, I arranged to have the whole house renovated while we were on our honeymoon. Kate was over the moon, and so was I. That
HP Acthar made by Mallinckrodt Pharmaceuticals is an anti-inflamatory medicine used by multiple sclerosis patients. Source: Mallinckrodt Pharmaceuticals Pharmaceutical company Mallinckrodt said Wednesday it reached a tentative deal with the U.S. Justice Department to settle a drug bribery probe into Questcor Pharmaceuticals, which it acquired in 2014. This story is developing. Check back for updates.
The logo for Campbell’s Soup appears above a trading post on the floor of the New York Stock Exchange. Richard Drew | AP Campbell Soup raised its profit forecast for the year on Wednesday after its quarterly earnings beat estimates on stronger sales of its growing range of snacks, sending its shares up nearly 10%.
Campbell’s Soup products stand on a store shelf David McNew | Getty Images Check out the companies making headlines midday Wednesday: Salesforce — Shares of cloud software company Salesforce rose 3.7% on first-quarter that beat analysts’ expectations. Revenue came in at $3.74 billion, topping a Refinitiv estimate of $3.68 billion. Earnings per share totaled 93 cents,
The Mega Millions jackpot has climbed higher yet again. With no ticket matching all six numbers in Tuesday night’s drawing, the top prize is now $530 million. It marks the seventh-largest jackpot in the game’s history. Meanwhile, a North Carolina man came forward on Tuesday to claim the $344.6 million Powerball jackpot that he won
Apple CEO Tim Cook speaks during the Time 100 Summit event on April 23, 2019, in New York. Don Emmert | AFP | Getty Images Apple is facing two major threats to its bottom line in the form of tariffs and antitrust regulations and Morgan Stanley on Wednesday broke down what the government-created pressures may cost
The Securities and Exchange Commission on Wednesday adopted a new regulation that calls for brokers to act in the best interest of their clients when making investment recommendations. In a 3-to-1 vote, commissioners approved the Regulation Best Interest, along with other regulatory actions intended to enhance disclosures and clarify certain advisors’ existing responsibility to put
Andy Barr, R-Ky., right, speaks at a rally at Alumni Coliseum in Richmond, Ky. In listening to the leveraged lending hearing yesterday led by Gregory Meeks, Chair on the Subcommittee on Consumer Protection and Financial Institutions, I could not help but focus on Congressman Andy Barr’s comments and questions. He appeared to be incredibly passionate
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column examines spousal benefit rates if the other spouse filed for early reduced retirement benefits, who can still file restricted applications and when, spousal benefits before retirement benefits, widow(er)’s benefits after
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