Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
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Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The Mega Millions jackpot reached $1 billion on Friday. So, what are the odds of hitting the winning numbers? Pretty slim.
To make things even more difficult, lottery officials who run the Mega Millions game tweaked the rules and odds in October 2017 to make jackpots pay out less frequently, spurring their monster growth, according to published reports. Since that change, three of the six largest Mega Millions jackpots have been paid out.
Officials were worried that the relatively smaller but more frequent prizes — a payout of $100 million, for example — would result in "jackpot fatigue," The Washington Post reported, which is why they changed the game last year. Now, the jackpots continue to grow, creating massive prizes with less frequent payouts. Another change that helped fuel growth was the increase in the Mega Millions ticket price, which doubled to $2.
Here's how Mega Millions used to work: Players picked five numbers from 1 to 75 and a Mega number from 1 to 15. The odds of winning the top prize were 1 in 258,890,850.
Since Mega Millions modified the formula, players now pick five numbers from 1 to 70 and a Mega number of 1 to 25. The odds of winning the jackpot are now 1 in 302,575,350, the Post reported.
The chance of winning both is at least 1 in 88 quadrillion (that's 88 followed by 15 zeros).
Meanwhile, the $1 billion haul marks the largest jackpot in Mega Millions history. Between it and Powerball's top prize of $470 million, nearly $1.5 billion is up for grabs for some very lucky winners this week. The next drawings are Friday night for Mega Millions and Saturday night for Powerball.
Tickets for Friday's drawing can be purchased until 10:45 p.m. ET. The live drawing will be televised at 11 p.m. ET. Tickets cost $2 each. Officials say that if there isn't a winner, the prize for Tuesday night's drawing would be $1.6 billion, tying the largest U.S. lottery prize ever.