Ask Mark Zuckerberg about the accomplishment he’s most proud of from his days at Harvard University, and the answer may surprise you. It certainly isn’t inventing Facemash, the website that eventually became Facebook (FB). “Priscilla is the most important person in my life, and the most important thing I built in my time here,” Zuckerberg said of his […]
Category: Finance
Why one hedge-fund titan is bracing for ‘all hell to break loose’ in the stock market
Paul Singer of Elliott Management isn’t sure exactly what hell on Earth, or Wall Street, will look like, but he’s got billions stockpiled for when it does Some say the world will end in fire, but hedge-fund honcho Paul Singer wants to be ready to pick up the pieces. Billionaire investor Paul Singer has a […]
Bottled water is now more popular than soda — why you should avoid both
U.S. consumers spent $21 billion on bottled water last year Bottled-water consumption in the U.S. hit 39.3 gallons per capita last year, while carbonated soft drinks fell to 38.5 gallons. Americans now drink more bottled water than soda, but some environmentalists say it’s worth highlighting there’s a hidden cost to buying all those plastic bottles. […]
There’s a 20-year gap in life expectancy for people living in these parts of the U.S.
This is where life expectancy is longest (and shortest) for Americans ‘Geographic disparities in life expectancy among U.S. counties are large and increasing,’ a new study finds. Photo: Kristen Bell in ‘The Lifeguard’ (2013). How long you live may depend on where you live. Life expectancy at birth for both sexes combined was 79.1 years […]
Gold prices poised for third weekly gain
Gold on Friday traded at their highest level of the month, setting prices up for a third weekly gain in a row as a fresh round of geopolitical jitters offset expectations for higher interest rates, which would otherwise be bearish for gold prices. Investors were watching North Korea, this weekend’s Group of Seven meeting, the […]
White House to roll out budget proposal, cutting Medicaid, assistant to the poor
WASHINGTON — President Donald Trump is thousands of miles away, but his policy agenda faces tests back home this week as he looks to shift the focus from Russia investigations to his plans for boosting American military power and revamping the tax code. The White House on Tuesday will roll out a budget proposal crystallizing […]
Oil prices climb as investors wait for OPEC meeting
Oil prices continued to climb to start the week, pushing futures to their highest levels in more than a month on Monday ahead of a meeting of the Organization of the Petroleum Exporting Countries. Major oil producers will join OPEC members in Vienna on Thursday to discuss extending their 6-month-old agreement to cut production by […]
Stock buyers were much more aggressive than sellers earlier in the week
Stock market breadth data indicated that buyers were acting aggressively Friday, much more so than sellers were during the market’s tumble earlier in the week. The New York Stock Exchange’s Arms Index, which is a volume-weighted breadth measure, fell to 0.544, suggesting bulls exhibited near panic-like behavior. Developed by Richard Arms about 50 years ago, […]
The economic fortunes of red and blue states can be tracked through their diverging credit scores
Three little numbers can tell you a lot about a person’s — or even a community’s — financial health. Most U.S. states that voted for President Donald Trump last November had an average credit score nearly 20 points lower than those states that voted for his Democratic rival Hillary Clinton, according to this analysis of […]
Time to get tough with North Korea and Iran as imminent nuclear bomb test looms
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Republicans are on the right course for next fiscal fight
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60 Minutes Obama, Clinton interview heavy on laughs, light on substance
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