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Financial News Around the World

Powerball jackpot grows to $650 million. Here’s the tax bill if there’s a winner

If you beat the odds and win the Powerball jackpot, your winnings shrink significantly after the IRS takes its share.

Published 10 July 2023
Categorised as Finance News

Bearer of rare ‘One Ring’ card from ‘Lord of the Rings’ lore could fetch $2 million and face hefty tax bill

An ultra-rare “One Ring” serialized “Magic: The Gathering” card was reportedly found by an individual in Canada. If sold, they’d likely owe a big tax on profits.

Published 10 July 2023
Categorised as Finance News

Trying to choose Pretax vs. Roth 401(k)? Why it’s trickier than you think, experts say

If you’re trying to pick between pretax and Roth 401(k) contributions, here are some factors you need to consider.

Published 10 July 2023
Categorised as Finance News

Self-made millionaire: ‘A.I. will be the biggest wealth creator in history’—2 ways to use it to make money right now

If you start learning artificial intelligence skills now, you’ll be ahead of the curve when it becomes ubiquitous, says self-made millionaire Matt Higgins.

Published 10 July 2023
Categorised as Finance News

Stocks making the biggest premarket moves: Advance Auto Parts, Icahn Enterprises, Meta, Fisker and more

These are the stocks posting the largest moves in the premarket.

Published 10 July 2023
Categorised as Finance News

This is ‘the end of the beginning’ of the battle against inflation, economist says

Top Societe Generale economist Kokou Agbo-Bloua said: “The central banks need to trigger a recession … but we’re not there yet.”

Published 10 July 2023
Categorised as Finance News

Biden advisor defends stimulus and inflation surge: ‘The real cause was the global pandemic’

Heather Boushey is a member of President Joe Biden’s Council of Economic Advisers.

Published 10 July 2023
Categorised as Finance News

The American banking landscape is on the cusp of a seismic shift. Expect more pain to come

What is coming will likely be the most significant shift in the American banking landscape since the 2008 financial crisis. Bank earnings kick off Friday.

Published 10 July 2023
Categorised as Finance News

From Taylor Swift to the World Cup, travelers are paying big bucks to catch overseas games and shows

Fueled by a YOLO mentality following years of pandemic-era lockdowns, more are traveling to attend music, sports and other major events.

Published 9 July 2023
Categorised as Finance News

The chip wars are heating up. This Chinese stock rose 30% in five days

China is starting to show what sway it has in the semiconductor supply chain, and stocks are only starting to react.

Published 9 July 2023
Categorised as Finance News

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