Justin Sullivan / Getty If you’re holding the winning ticket for Powerball’s $366.7 million jackpot, don’t forget about your silent partner: Uncle Sam. After rolling higher for about two months of three weekly drawings with no winner, the lottery game’s top prize was nabbed in Wednesday night’s drawing. The ticket was purchased in Vermont, which

The Supreme Court’s recent 5-4 decision to overturn Roe v. Wade and allow states to outlaw abortion could have long-lasting financial effects on those seeking the procedure, researchers have found. Those who are unable to get an abortion and later go on to give birth are more likely to experience “an increase in household poverty

Eakgrunge | Istock | Getty Images There’s been record demand for federal Series I savings bonds, an inflation-protected and nearly risk-free asset, offering an eye-popping 9.62% annual return through October. However, it’s not easy to buy I bonds through TreasuryDirect, a 20-year-old platform run by the U.S. Department of the Treasury, financial advisors say.  “It’s

In this article MC-FR A winemaker samples a glass of Joseph Phelps Insignia at the Culinary Institute of America, in St. Helena, Calif. Eric Risberg | AP LVMH’s Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards, as the French luxury goods giant continues to broaden its drinks portfolio. The

Diane Hendricks didn’t grow up on the inheritance of celebrities or political leaders. Instead, she spent her childhood on a dairy farm in Wisconsin — training a work ethic that eventually helped her create a business empire. Last week, Hendricks – who has a net worth of $11.6 billion – topped Forbes’ list of America’s

Getty Images Over the past couple of years, the effects of Covid-19, social activism and economic uncertainty have profoundly impacted women’s attitudes about their finances, according to a UBS survey. Nearly 9 in 10 women believe money is a tool to achieve their personal “purpose,” the report uncovered, polling 1,400 women investors in January and

In this article SCHW JPM BLK MS Getty Images As demand grows for specialized portfolios, a trend known as direct indexing is quickly becoming an option for more investors.   Rather than owning a mutual or exchange-traded fund, direct indexing is buying the stocks of an index to achieve goals like tax efficiency, diversification or values-based

Nearly 60% of Americans said they were worried about hidden cameras in Airbnb homes in 2019. And 11% of vacation home renters said they had discovered a hidden camera during a stay, according to a survey by the real estate investment company IPX1031. Spy cameras are not a new problem. In South Korea, more than

Abortion rights activists hoist their signs near the U.S. Supreme Court in Washington on June 24, 2022. Olivier Douliery | AFP | Getty Images The Supreme Court’s decision to overturn Roe v. Wade may cause financial hardship for many women, especially those already facing economic instability, research shows. The ruling Friday ends almost 50 years

Mint Images | Mint Images Rf | Getty Images Women prefer investing in a way that helps the environment and does social good, some studies have found. Such values-based investing could help raise women’s general enthusiasm for investing and boost long-term wealth, according to financial experts.   About 52% of women would rather invest in

IRS Commissioner Chuck Rettig testifies before the Senate Finance Committee on April 7, 2022. Kevin Dietsch | Getty Images News | Getty Images The IRS backlog of tax returns has swelled over the past year, despite efforts to clear the pileup, according to an agency watchdog. There were 21.3 million unprocessed paper returns as of

“You can tell every young investor that’s never seen a bear market or never used margin … but until they experience the fear, the darkness and the getting completely wiped down of their account, that’s how you learn,” said celebrity investor Kevin O’Leary. Christopher Willard | Disney General Entertainment Content | Getty Images There is

Michael Rubin attends Fanatics Super Bowl Party on February 12, 2022 in Culver City, California. Shareif Ziyadat | Filmmagic | Getty Images Billionaire Fanatics CEO Michael Rubin announced Wednesday that he is selling his 10% stake in the parent company that owns the Philadelphia 76ers and New Jersey Devils, citing a conflict of interest with

Former Theranos COO Ramesh “Sunny” Balwaniarrives at the Robert F. Peckham U.S. Federal Court with his legal team on March 16, 2022 in San Jose, California. Justin Sullivan | Getty Images SAN JOSE, Calif. — In a harshly worded closing argument, prosecutors on Tuesday said former Theranos COO Ramesh “Sunny” Balwani “wasn’t a victim, he

Westend61 | Westend61 | Getty Images If you get a tax bill and want help from the IRS to set up a payment plan, newly expanded voice bots may make for faster phone service, according to the agency. But some tax professionals are doubtful about the new plan to reduce wait times.  Artificial intelligence-driven IRS

Apple CEO Tim Cook says there’s at least one question your iPhone can’t answer: How do you build a life that provides both meaning and fulfillment? Luckily, Cook himself has some advice on that front. At Gallaudet University’s commencement ceremony in Washington D.C. last month, Cook advised the new graduates to make decisions based more

Jodi Jacobson | Getty Images You don’t have to be older and rich to do some estate planning. In fact, regardless of age and wealth, experts say virtually everyone should consider how they want their assets distributed upon their death and what decisions will be made by whom if they are unable to make those

Elena Kurkutova | Istock | Getty Images Older Americans may have a number of different goals with their retirement savings. But usually their main goal is the same: to make it last. Unfortunately, many younger baby boomers and members of subsequent generations who don’t have access to a traditional pension could outlive the funds in

Most kids between 8- and 13-years-old spend their days riding bikes, playing video games and avoiding homework. Ray Dalio, Bill Gates and Jack Dorsey weren’t most kids. The trio of billionaires each found their professional calling before turning 15. And while their early exposure to finance, tech and business was somewhat serendipitous, Dalio says he

Valentyn Semenov / Eyeem | Eyeem | Getty Images While many filers dread tax season, Americans living abroad face even bigger yearly burdens — and those are frustrating enough that some want to ditch their U.S. citizenship. Roughly 1 in 4 American expatriates is “seriously considering” or “planning” to renounce their U.S. citizenship, according to

Calling all brainiacs: Bill Gates wants people with high IQs to work for climate-friendly businesses instead of flocking to Wall Street. At a recent TechCrunch event, Gates spoke about how his climate-focused fund, Breakthrough Energy, has attempted to lure the types of high-IQ employees who’d otherwise be seeking lucrative gigs in fields like investment banking.

There’s a lot of misinformation surrounding new IRS cash app rules that went into effect January 1, 2022, and many users worry their transactions on apps like PayPal, Zelle, Cash App, or Venmo will be taxed. Social media posts, like this tweet that was published on September 15, have claimed that starting January 2022, if

In this article WTY-FF South_agency | E+ | Getty Images More than a third of high-earning American workers feel strapped for cash — a share that has risen dramatically in recent years. Thirty-six percent of U.S. employees with salaries of $100,000 or more are living paycheck to paycheck — twice as many who said they

A waterfront mansion on Star Island, Florida. Jeff Greenberg | UIG | Getty Images Millennial millionaires are temporarily shelving major purchases as interest rates and inflation rise, according to CNBC’s Millionaire Survey. Nearly half of millennial millionaires say higher borrowing costs are causing them to delay buying a car, and 44% say higher interest rates

amriphoto Most millennial millionaires feel optimistic about the U.S. economy, with nearly three-quarters expecting improvements by the end of 2022, according to the latest CNBC Millionaire Survey. Inflation concerns are a theme throughout the survey, with 37% of millionaires saying it’s the biggest risk to the economy over the next 12 months, the findings show. 

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 9, 2022.  Brendan Mcdermid | Reuters American millionaires are raising cash in response to lingering inflation fears, according to CNBC’s Millionaire Survey. Millionaires surveyed by CNBC ranked inflation as the top risk to both the economy and

Shanghai has been dubbed the most expensive place in the world to be rich, according to a new report, which shows that even the uber-wealthy aren’t immune to inflationary pressures on their most prized luxury goods. The Chinese megacity took the title for the second year running after recording major price increases across 16 out

Rbkomar | Moment | Getty Images You may not want to check your 401(k) statement for a while. If you do, you may see a drop in your balance, as a recent market rout has sent the S&P 500 Index into bear market territory as of Monday. A “bear market” happens when equity markets are

Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station on June 9, 2022 in Houston. Brandon Bell | Getty Images If you’re self-employed or own a small business, you may soon be eligible for a little relief from soaring gas prices. Starting on July 1,

Chief executives at 228 American companies co-signed a letter on Thursday urging members of the U.S. Senate to take “bold, urgent action” to pass legislation aimed at reducing gun violence in America. The CEOs who signed the letter represent companies both large and small across a wide range of industries, including some highly recognizable names: