Why do share prices fall after an interest rate cut? This is what the experts think
The Federal Reserve gave investors exactly what they said They wanted to cut interest rates by a whopping 50 basis points on Wednesday – but that was still not enough. After a brief rise after the initial announcement, stock prices…
This is how much a Mega Millions winning ticket could bring in if the jackpot reaches $800 million
Top line The Mega Millions jackpot is now at $800 million after lottery players across the U.S. failed to produce a winning ticket. The winner will receive hundreds of millions of dollars after taxes – although less than half of…
Experts say retiring abroad could reduce your living costs
Mario Martinez | Moment | For seniors looking to reduce their expenses while improving their quality of life, the idea of settling abroad could be attractive, financial experts say. So far, nearly a third of retirees have moved either domestically…
L’Oreal heiress loses title as richest woman in the world to Alice Walton from the Walmart family
Françoise Bettencourt Meyers surprised the world late last year when she became the first woman to amass a fortune of $100 billion through her ownership of cosmetics giant L’Oréal. She held the title of richest woman for several months, even…
PPD stock sell-off costs founder $14 billion
Colin Huang’s reign as China’s richest man lasted only about two weeks. A plunge in shares of PDD Holdings Inc., the parent company of e-commerce giant Temu, on Monday saw Huang’s wealth plunge by $14.1 billion, his biggest single-day loss…
How to make 0% capital gains on the latest stock market rally
In a strong stock market year, a lesser-known strategy could help rebalance your portfolio and save taxes in the future. This tactic, known as tax-gain harvesting, involves strategically selling the assets in your profitable brokerage account during lower-income years, such…
This required minimum distribution strategy helps avoid tax penalties
Aire Pictures | Moment | Retirees may have income from Social Security, a pension, a retirement plan or other sources – and they typically must either have taxes withheld or make quarterly payments to avoid IRS penalties. For 2024, the…
Harris calls for child tax credit of up to $6,000 for newborns
U.S. Vice President Kamala Harris speaks at an event with U.S. President Joe Biden (not pictured) in Prince George’s County, Maryland, U.S., August 15, 2024. Elizabeth Frantz | Reuters Vice President Kamala Harris unveiled an economic plan on Friday that…
City leaders consider founding a youth sports association | Sports
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Meet 3 of the richest women in Chinese history, including one of the richest women of all time
Given China’s wealth at the time, which accounted for 23 percent of global GDP, she has a good chance of being remembered as the richest woman in history; some estimates put her fortune at $16 trillion. In its 5,000-year history,…
