If you happen to hit the next Powerball jackpot, brace yourself for the life-changing decisions ahead of you. With no one matching all six numbers drawn on Wednesday, the top prize has jumped to $373 million for Saturday night’s drawing. And while winning such a huge amount could open a world of possibility, formulating a
Seth Klarman Getty Images Billionaire hedge fund manager Seth Klarman defended value investing, saying in a letter to clients that several factors, including the proliferation of passive investing, have created market mispricings that will soon lead to a payoff for the long underperforming strategy. Klarman, the CEO of the Baupost Group, said his fund posted
wecolmia | Getty Images Morgan Stanley Wealth Management clients now have a new way to manage their cash, with the launch of the asset manager’s CashPlus account. The new account aims to compete as an alternative to traditional banking. It is directed at the firm’s existing wealth management clients, who can open an account with
An ambulance worker in protective clothing boards an ambulance outside the Infectious Disease Centre at Princess Margaret Hospital in Hong Kong, China, on Wednesday, Jan. 22, 2020. Justin Chin | Bloomberg | Getty Images The World Health Organization postponed making a decision Wednesday on whether the mysterious coronavirus that has killed at least 17 people
Zhang Peng | LightRocket | Getty Images China‘s box office was set to rake in 1.4 billion yuan ($210 million) in two days, until the latest coronavirus outbreak. On Thursday, all seven Chinese films scheduled for release during the upcoming Lunar New Year holiday announced they were pulling screenings in the wake of a new
A new study from the University of Pennsylvania’s Wharton School finds that Sen. Bernie Sanders’ proposed wealth tax on the richest Americans will generate $1 trillion to $1.5 trillion less than what the campaign claims. The results, if accurate, could undercut the critical funding needed to support his plans to develop public health care, education
InterContinental Hotel in Toronto, Ontario, Canada. Roberto Machado Noa | LightRocket | Getty Images If investors want their finger on the pulse of the coronavirus threat, they can look no further than InterContinental Hotels Group. The London-based hotel chain is largely exposed to threats to international travel. InterContinental’s Asia Pacific revenue was down 27% year-over-year
Prince Harry, Duke of Sussex, and Meghan, Duchess of Sussex, leave Canada House on January 7, 2020, in London, England. (Photo by Samir Hussein/WireImage) Samir Hussein | WireImage | Getty Images Prince Harry and Meghan Markle are getting closer to severing financial ties with the Royal Family, but there’s one entity that will always be
Dave Calhoun, Chairman of Boeing. Adam Jeffery | CNBC Boeing‘s new CEO, Dave Calhoun, said Wednesday that he wants the company to resume production of the 737 Max months before regulators sign off on the planes and airlines prepare to return them to service. Boeing suspended production of the planes this month because a worldwide
A worker prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas. Jason Janik | Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Texas Instruments – Texas Instruments’ stock fell 1% in extended trading on Wednesday after