If your New Year’s Day celebration ends up including a $220 million Powerball jackpot win, remember that Uncle Sam tends to be a party crasher. After more than eight weeks with no jackpot winner, the lottery game’s top prize has climbed to $220 million for Wednesday night’s drawing. And while the odds are stacked against
Many Americans hold multiple retirement accounts — and there are many reasons why they should consider combining those nest eggs instead of letting them gather dust. Around 25 million Americans left behind money in a 401(k) account when separating from an old job, according to the Government Accountability Office, which analyzed 10 years’ worth of
Swedish climate activist Greta Thunberg at COP 24, the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change. Katowice, Poland on 5 December, 2018. Photo by Beata Zawrzel/NurPhoto via Getty Images Investing for climate change had been a niche on Wall Street, often generating sub-par returns, but in the coming
A sign displayed on Bruckner Building reads ‘Commercial Space Available’ in the Port Morris neighborhood of the Bronx borough of New York. For a limited time, investors who develop real estate or fund businesses in opportunity zones are able to defer capital gains on profits earned elsewhere and completely eliminate them on new investments in
Tim Cook, chief executive officer of Apple, Inc. Daniel Acker | Bloomberg | Getty Images 2019 is shaping up to be a historic year for the S&P 500, and the benchmark has two stocks to thank. Apple and Microsoft, which surged 85% and 55% this year respectively, together accounted for nearly 15% of the S&P
An employee picks up a Juul Labs device kit for a customer at a store in San Francisco. David Paul Morris | Bloomberg | Getty Images The Trump administration will ban flavored e-cigarette pods, with the exception of menthol and tobacco flavors, and flavored liquid nicotine products commonly sold in vape shops, a senior administration
Kobe Bryant has been one of the most recognizable and top-scoring players in the NBA for 17 years. Even after a devastating Achilles tendon tear in March, he has shattered the timetable for his recovery and is expected back for the upcoming basketball season. The reason that Bryant has managed to stay on top over
►Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Long regarded the inferior model of the fighter jet market, Saab’s Gripen has turned heads by winning two landmark deals with Brazil and Switzerland. Carola Hoyos investigates why the Gripen’s fortunes are improving and what it means for the wider market. ► FT Technology News: http://bit.ly/1LNlR4g ►
Combining elements of Asian and Western culture. 88rising is a young entertainment company hoping to build a lasting, global brand that will outlive singular moments of virality. With influential artists like Rich Chigga and joji generating millions of views for the network, the next question for founder Sean Miyashiro and his team is how to
After Hurricane Sandy’s devastating floods in 2012, homeowners Valari and R.C. Staab wanted their beach-front home designed with rising sea levels in mind.
Getty Images It’s never too early to resolve to save more for retirement and trim your tax bill. The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan at work to the individual income tax brackets that help you determine your tax
Just months after almost everyone on Wall Street worried that a recession was just around the corner, Goldman Sachs said a downturn is unlikely over the next several years. In fact, the firm’s economists stopped just short of saying that the U.S. economy is recession-proof. Investors could be excused for getting a little nervous over
As we get ready to say goodbye to the 2010s, CNBC.com is taking a look back at the key players, events and transformations from Wall Street to Silicon Valley to corporate America to the White House that shaped a “Decade of Disruption.” In the lead-up to New Year’s Day 2020, CNBC’s online journalists will be
Tim Cook, CEO of Apple Inc. Getty Images Apple stock is on pace to close out a year of explosive growth, and another key metric has reached a historic high, too. Apple’s trailing price-to-earnings (P/E) ratio steadily climbed this year alongside its stock price. Apple began the year with a trailing P/E ratio just over
CEO Cussion Kar Shun Pang rings the opening bell at the NYSE. Photo: NYSE Check out the companies making headlines in midday trading: Tencent Music — Shares of Tencent Music rose 1.4% after Universal Music Group sold a 10% stake to a consortium led by the Chinese tech company. The deal values Universal Music at
Hero Images | Getty Images When the clock strikes midnight on Dec. 31, it will not only usher in a new decade. It will also bring in a host of retirement changes. And that could have big implications for your money. The good news is that you will be able to save even more in
What a difference a decade can make. In 2010, batteries powered our phones and computers. By the end of the decade, they are starting to power our cars and houses too. Over the last ten years, a surge in lithium-ion battery production drove down prices to the point that — for the first time in
The need to adjust the federally mandated base pay is moot thanks to the strength and present dynamics of the U.S. economy, staffing expert Tom Gimbel told CNBC on Monday. “The days of a national minimum wage are really over,” Gimbel, founder and CEO of LaSalle Network, said on “The Exchange.” “That’s why the interesting
The amount of mergers and acquisitions in 2020 will trail the previous two years, transactions lawyer Michael Nemeroff told CNBC on Monday. “We still think 2020 will be robust, but not quite as robust as 2019 and 2018,” Nemeroff, the CEO of law firm Vedder Price, said on “Closing Bell.” The value of deals across
Ousted Nissan chairman Carlos Ghosn issued a statement on Tuesday confirming reports that he’s left Japan and is now in Lebanon. “I am now in Lebanon and will no longer be held hostage by a rigged Japanese justice system where guilt is presumed, discrimination is rampant, and basic human rights are denied, in flagrant disregard
The 22.6 per cent slide remains the stock exchange’s biggest ever. The FT asks what has changed in the intervening years ► Subscribe to FT.com here: http://bit.ly/2r8RJzM ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Chipotle was founded in Denver in 1993 and grew to be one of the most successful fast-food companies ever. This video explains how Chipotle founder Steve Ells turned his love of burritos into a chain of about 500 restaurants over the past twenty years. Like this video? Subscribe to Bloomberg Business on YouTube: http://www.youtube.com/Bloomberg
Black hair is big business ? an estimated $2.7 billion industry in hair care alone. In recent years, the dramatic shift away from chemical relaxers in favor of natural hair has sparked a wave of innovation in the industry and created renewed opportunity for black entrepreneurs.
Activists participate in a rally urging the expansion of Social Security benefits in front of the White House July 13, 2015. Getty Images Raising the retirement age is an emotional issue. For evidence, just look at proposals to move up the full retirement age for Social Security. Even the idea upsets advocates who want to
Traders work on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters The S&P 500 has risen nearly 30% this year on the back of stocks like Apple and AMD. The following stocks are Wall Street analysts’ picks to lead the benchmark in 2020. CNBC identified these stocks by
Mekong River cruises are booming, particularly in Cambodia and Vietnam. In 2020, at least 10 river boats — some quite luxurious — will cruise the lush and navigable lower Mekong. Most resemble the river boats of Europe, staffed with chefs who prepare authentic regional fare and local guides who share cultural histories as well as
U.S. stock index futures were slightly higher Monday morning. At around 2:00 a.m. ET, Dow futures climbed 23 points, indicating a slightly higher open of just 2 points. The S&P 500 and Nasdaq indexes were also marginally higher. U.S. equities have enjoyed a strong rally in December, with the main indexes hitting record highs last
An exterior view of the GM Lordstown Plant on November 26, 2018 in Lordstown, Ohio. Jeff Swensen | Getty Images Adults in the U.S. are far more likely to die from opioid overdoses if they live in an area where an automobile assembly plant closed in the past five years, according to new research published
U.S. President Barack Obama signs the Affordable Health Care for America Act during a ceremony with fellow Democrats in the East Room of the White House March 23, 2010 in Washington, DC. Win McNamee | Getty Images Recently, a federal court decided the central provision of the Affordable Care Act requiring all Americans to be
Logo and mascot ‘Ali cattle’ at the headquarters of Alibaba Group in Hangzhou. Zhang Peng | LightRocket | Getty Images Technology and bank stocks in Asia dominated the top picks for analysts in 2019, as shares in the region made strong gains this year. Mainland Chinese stocks also rallied this year, with the Shanghai composite