Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
For 53-year-old Mavis Wanczyk, the newly minted winner of Wednesday night's $758.7 million Powerball jackpot drawing, life is about to get crazy. And that might be putting it mildly.
"She better get ready. She's going to be hit up for investment opportunities, charity requests, even people she knows are going to come to her," said Jason Kurland, an attorney at Certilman Balin Adler & Hyman, a law firm in East Meadow, New York.
"She has an insane amount of money now."
Wanczyk's lucky windfall — the odds of matching all six numbers is 1 in 292.2 million — marks the largest win on a single ticket in U.S. history. Almost 10 million additional tickets won prizes totaling more than $135 million.
Although Massachusetts law requires lottery winners to be made public, some recipients in the past have created a trust and had a trustee accept the winnings to protect their anonymity.
By choosing to come forward so quickly — the state allows lottery winners a full year to claim their winnings — Wanczyk, of Chicopee, Massachusetts, has already made what many experts would call a mistake by not protecting her identity.
Kurland said the best thing she can do at this point is immediately hire an attorney who can shield her as much as possible from the onslaught of attention she's in for from money-seekers.
"Her life will be much easier if she can hide behind someone else, so to speak, when she gets all these calls and questions," Kurland said.
There also are a few other things she needs to do, he said. For one, because she chose the $480.5 million lump sum instead of 30 payments over 29 years, she should alert her financial institution that it's about to get a deposit of hundreds of millions of dollars.
She also needs to set up a team of professionals, which would include a financial advisor and accountant in addition to an attorney, to help guide her through the steps necessary to protect her wealth. Even estate planning — putting a will and other documents in place to ensure that if something unfortunate happens to her tomorrow, her wealth is protected — needs to be on her radar screen immediately.
"She's now one of the world's wealthiest people and she has to start acting like it," Kurland said.