Lotteries are a big business. Hopeful individuals dreaming of huge and potentially life-changing cash prizes spend a significant amount of cash every month. Lottery proceeds help fund public sector programs, including education, park services,...
The bitcoin futures ETF from ProShares will begin trading next week, an amended filing from the company indicated late Friday, marking a milestone moment in the development of the crypto industry in the United...
Michael Sonnenshein, chief executive officer of Grayscale Investments LLC, speaks virtually during a Crypto Summit Feb. 25, 2021. Daniel Acker | Bloomberg | Getty Images Grayscale Investments plans on filing an application to convert...
In the latest example of its stepped-up enforcement activities, the Consumer Financial Protection Bureau (CFPB) has filed a complaint and proposed settlement alleging deceptive marketing by the nation’s largest reverse mortgage lender. Key Takeaways...
Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. year. Patrick Pleul | picture alliance | picture alliance | Getty Images Elon Musk on Thursday touted SpaceX’s...
Carrier aircraft VMS Eve takes off from Spaceport America in New Mexico, carrying spacecraft VSS Unity on July 11, 2021. Virgin Galactic Virgin Galactic is delaying the beginning of its commercial space tourism service...
Liz Shuler, acting president of the AFL-CIO, the largest labor federation in the U.S., has stated that workers “are not going back to how it was before” COVID-19. She notes that the climate crisis...
The shrinking U.S. workforce during the Covid pandemic is “going to cripple” the economic recovery, billionaire investor and businessman Barry Sternlicht warned Wednesday. The founder of Starwood Capital Group, which operates hotels as part...
Global investor Barry Sternlicht told CNBC on Wednesday he continues to hold a cautious view on investing in China. “We’re not investors directly in China,” the chairman and CEO of Starwood Capital Group said in an interview...
If you’re going to view a life insurance policy as an income vehicle during retirement, you need to consider the value of that policy when it comes time for it to begin paying you. Permanent life...
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images JPMorgan...
Spacecraft commander Jared Isaacman speaks into a microphone as he peers out the cupola window. Inspiration4 The historic Inspiration4 mission, launched and operated by Elon Musk’s SpaceX, returned safely from orbit last month. CNBC...
Choosing a financial advisory firm can be a difficult task, as there are thousands to wade through. Many have specific strengths and offer different ways to invest one’s hard-earned money. It’s always worth doing...
Few episodes in the world of finance offer as much high drama as the Getty Oil takeover. It was the largest takeover in history, and it involved major players like American financier T. Boone...
In this article GOOGL FB PTON Shannon Stapleton | Reuters Rising oil prices, the prospect of the Federal Reserve dialing back its easy-money policy and tension among lawmakers in Washington are just a few...
The largest industries driving New Jersey’s economy include pharmaceuticals and life sciences, financial services, advanced manufacturing, information technology, and transportation and logistics. There are 16 Fortune 500 companies based in New Jersey. Key Takeaways New Jersey’s...
In this article ELAN Marko Geber | DigitalVision | Getty Images Company: Elanco (ELAN) Business: Elanco is one of the largest global animal health pharmaceutical companies, developing and marketing products for both pet health...
The amount of workers’ earnings subject to Social Security taxes is capped each year (called maximum taxable earnings). The federal government increased the Social Security cap significantly for 2021. In 2021, the maximum earnings...
SpaceX’s Starship rocket production facility in Boca Chica, Texas, as CEO Elon Musk (third from the right) and President Gwynne Shotwell (third from the left) tour. Steve Jurvetson on flickr The valuation of Elon...
What Is a Monopolistic Market? A monopolistic market is a market structure with the characteristics of a pure monopoly. A monopoly exists when one supplier provides a particular good or service to many consumers. In a monopolistic...
In this article SPWR Construction workers install SunPower tiles on homes in San Ramon, Calif. Robert Nickelsberg | Getty Images SunPower said Tuesday that it’s restructuring its operations in a bid to focus exclusively...
Located far away from the hustle and bustle of many of the busiest cities of the world, the Caribbean region is known as one of the world’s top vacation destinations. With as many as...
U.S. Bancorp George Frey | Bloomberg | Getty Images The race to cater to institutional investors who want to wager on cryptocurrency is heating up. U.S. Bank, the fifth biggest retail bank in the...
Boeing’s Starliner capsule sits on to an Atlas V rocket on the launchpad before the launch of the OFT-2 mission. United Launch Alliance NASA moved a pair of astronauts off Boeing’s first two crewed...
If you’re looking for a lucrative career, you may want to consider going into the financial services industry. You can find a variety of opportunities here—one that fits your skill set and future goals....
David McDonough, founder and CEO of Commonstock Commonstock A new social network is betting that enthusiastic retail traders are here to stay and that they want more transparency than what’s offered on Reddit. Commonstock...
In this article SWX Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn on Tuesday announced a sizeable stake in Southwest Gas, and...
Benchmarking is an important tool in the financial world. Companies, hedge funds, mutual funds, investors, and other financial bodies pick a specific benchmark in the industry and seek to replicate its returns or to...
William Shatner Anjali Sundaram | CNBC Science fiction will soon become reality, as William Shatner is scheduled to launch on the next crewed spaceflight of Jeff Bezos’ Blue Origin. Blue Origin plans to fly...
Engine No. 1, the firm that rose to prominence after waging a successful campaign against Exxon, on Monday announced an investment in General Motors. This time, the upstart activist’s stake signals support for the...
The “three-legged stool” is an old phrase that many financial planners once used to describe the three most common sources of retirement income: Social Security, employee pensions, and personal savings. It was expected that...
In this article ATVI DELL OTMO Dell CEO Michael Dell speaks during an interview with CNBC on the floor of the New York Stock Exchange, July 2, 2018 Brendan McDermid | Reuters The fourth...
We hear it all the time: The middle class is shrinking. Wages seem to have been stagnant for decades and American families are struggling with financial insecurity. However, what exactly is the middle class?...
Jeff Bezos, left, and Elon Musk Getty Images; Reuters Elon Musk repeated prior criticisms of fellow billionaire space mogul Jeff Bezos, as their respective companies continue to battle in federal court and in front...
Monty Rakusen | Image Source | Getty Images Company: Huntsman Corp. (HUN) Business: Huntsman Corp. is a global manufacturer of differentiated organic chemical products. The company operates in four segments: Polyurethanes, Performance Products, Advanced...
To hear American carmakers and the United Auto Workers tell it, government assistance is non-negotiable. Cash infusions courtesy of the taxpayer are necessary to protect a vital industry, keep people employed, and maintain Detroit’s...
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