Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
But a look at state-by-state data clarifies the scale of Trump's challenge. As the president tries to rally supporters at a 2020 kickoff rally in Orlando on Tuesday, he is...Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.Marketsread more
The order for 200 737 Max jets from British Airways parent IAG was a vote of confidence for Boeing's beleaguered aircraft following two fatal crashes.Airlinesread more
Adobe expects fiscal third-quarter earnings and revenue that are below what analysts were looking for.Technologyread more
Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
The Powerball winner nabbed a $758.7 million jackpot, the second-largest lottery prize in U.S. history and the largest payout ever awarded to a single ticket.
While the identity of whoever bought the ticket for Wednesday night's drawing at a store in Chicopee, Massachusetts, is still unknown, a few things should top his or her to-do list:
Make sure to sign the winning ticket and make several copies. If you are somehow separated from the ticket, your signature should help ensure you still get the prize. To avoid that separation in the first place, put the original in a protected place, like a safe deposit box.
Typically, lottery winners have three months to present their ticket. Before you decide to prove you've won, however, it's best to first enlist the help of a team of pros: an attorney (this should be your first call), a financial planner and an accountant. It's not uncommon for winners to face legal claims, sometimes from co-workers who either went in on a ticket or declined to — but now want a piece of the action.
It's best not to announce to the world that you've won. An attorney can help create a legal entity — i.e., a revocable trust or a family limited partnership — that protects your identity. If you can't avoid publicity (some states require publishing your identity), consider changing your phone number or living somewhere else temporarily to avoid media attention and sudden money requests from long-lost friends or relatives you never knew you had.
Figure out whether to take the lump sum or 30 allotments over 29 years. This decision is often made based on your tax situation. Either way, winning $750 million would put you in the highest tax bracket (currently 39.6 percent). This is when relying on the advice of pros (not family) makes sense.
Before spending a dime, think about what this sudden wealth means. Not only financially, but emotionally. Before giving in to the temptation to fill your driveway with multiple Teslas, give yourself time to process the magnitude of your win. This is often when winners begin to think about their legacy and what societal contributions they want to make. Some even set up their own charitable organizations.