Investing

Imagine two millionaires in a room and assume that their net worth was exactly $1 million including all investments, estates, and assets. Neither person had anything hidden and both were happily married. The only difference between the two was their age. One millionaire was 65 years old while the other was 30. Looking outside of

Phoenix Suns basketball star Chris Paul, UK health secretary Sajid Javid and US Olympic gymnast Kara Eaker have something in common: they have all tested positive for coronavirus despite being fully vaccinated. No vaccine is 100 per cent effective, so what scientists call “breakthrough infections” were always expected. In most cases, the symptoms are mild.

California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a wave of fraud, according to an announcement from the state’s Employment Development Department. The state agency plans to work with Bank of America to start rolling out chip-enabled debit cards to new claimants, as well

Business groups, food industry executives and farming leaders on Friday voiced scepticism over UK government plans to allow some critical workers to avoid self-isolation, warning that the updated guidance will not solve problems with staffing shortages.  Ministers confirmed on Thursday that some workers within 16 sectors, including the emergency services and transport would be able

Investment bankers are typically the highest-paid workers in the finance industry—high salaries are most prevalent even among younger employees. The starting salary for the typical investment banker exceeds that of most other finance positions, but working in this field has its challenges. Aspiring finance professionals may wish to examine whether a career in investment banking

Eurozone businesses are reporting the fastest expansion in over two decades, fueling hopes of a rapid rebound this summer despite the spread of the Delta variant. IHS Markit’s flash composite purchasing managers’ index — based on a survey of eurozone businesses — rose to 60.6 in July, up from 59.5 in June. The rise indicates

All the answers here are linked in some way. Once you’ve spotted the link, any you didn’t know the first time around should become easier. © Getty Images Which musical, with music by Marvin Hamlisch, was the longest running in Broadway history until it was overtaken by Cats (above) in 1997? What’s the two-word name

In times of market trouble, investors look for ways to limit their exposure while not foregoing returns entirely. While one could choose plain cash, the real rate of cash is negative; with inflation chipping away at value, a cash holding actually declines in value over time. Far better than choosing cash in these situations may

Twitter’s revamp of its advertising offering bore fruit in the second quarter as it reported a sharp jump in revenue and signalled plans to build out its ecommerce capabilities. In a letter to shareholders, Twitter cited “revenue product improvements, strong sales execution and a broad increase in advertiser demand” as primary drivers of a 74

Intel’s chief executive said more consolidation was needed in the chip manufacturing industry, days after a report that the US chipmaker was in talks to buy GlobalFoundries for $30bn. “We just view that smaller players won’t be able to keep up,” Pat Gelsinger said. Speaking on a call with analysts to discuss Intel’s latest earnings,

If you were offered $100 today or $100 a year from now, which would you choose? Would you rather have $100,000 today or $1,000 a month for the rest of your life? Net present value (NPV) provides a simple way to answer these types of financial questions. This calculation compares the money received in the

Mark “Forger” Stucky, after piloting the company’s first successful spaceflight on December 13, 2018. Virgin Galactic Mark “Forger” Stucky, Virgin Galactic‘s flight test director and pilot, is no longer with the space tourism company. “I am now a former Director of Flight Test and former SpaceShipTwo pilot,” Stucky wrote in a post on LinkedIn. He

Artificial intelligence has solved one of the greatest puzzles in biology, by predicting the shape of every protein expressed in the human body. The research was carried out by London AI company DeepMind, which used its AlphaFold algorithm to build the most complete and accurate database yet of the human proteome, which underpins human health

Bitcoin, which dipped below $30,000 earlier this week, is back above $32,000 today, after influential tech chiefs Elon Musk and Jack Dorsey voiced their support at a conference on Wednesday. Musk disclosed for the first time that his private rocket company SpaceX holds bitcoin and that Tesla would “most likely” resume accepting it as payment

Many businesses offer some form of qualified retirement plan and, in doing so, they fall under the governance guidelines of the Employee Retirement Income Security Act of 1974, better known as ERISA. ERISA establishes guidelines and minimum standards designed to protect employees of private sector companies who participate in retirement and welfare benefit plans. Businesses

Tokyo 2020 has fired the director of its opening ceremony a day before it takes place after footage of him joking about the Holocaust appeared on social media. The departure of Kentaro Kobayashi, who made the reference during a 1998 comedy routine, threw the opening ceremony into further chaos, following the resignation of composer Keigo

The UK business secretary confirmed the government was “monitoring” the situation as supermarkets apologised for empty shelves due to workers being forced to self-isolate after having contact with people with coronavirus. “I know we are seeing shortages,” he said. “I’ve seen the pictures today. We are very concerned about some developments,” said Kwasi Kwarteng. Business

The old adage about how your brand new car instantly plunges in value as soon as you drive off the lot? There is some truth to it. Cars tend to depreciate quickly, while other items hang onto their value longer. So which items will you be able to sell later for a decent price, and

Local governments in China are racing to launch rescue funds worth billions of dollars to bail out state-owned groups after a flurry of high-profile bond defaults that shook international investors. Public records showed that six Chinese provinces have committed at least Rmb110bn ($17bn) to the funds since the end of last year, as a cash

Online brokerage pioneer Thomas Peterffy told CNBC on Wednesday he’s invested in cryptocurrencies, while still expressing skepticism over the long-term future of the digital asset class. “Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market,

Australia has warned that the United Nations Educational, Scientific and Cultural Organization (Unesco) risks denting its own credibility if it follows through with a proposal to put the Great Barrier Reef on its “in danger” list. Warren Entsch, Australia’s Great Barrier Reef envoy, said he hoped the UN World Heritage Committee would reverse a draft decision

The oil and gas industry in the United States has enjoyed record levels of production in recent years, thanks primarily to hydraulic fracturing, commonly known as fracking. In 2018, the U.S. became the top producer of oil and natural gas in the world, ahead of Russia and Saudi Arabia. This is due to hydraulically fractured

Shares in Bridgepoint Advisers soared 29 per cent on their debut, as investors raced to back the rare listing of a buyout group in London during a global boom for the private equity industry. Bridgepoint’s electric first day of trading comes after private equity firms struck more than $500bn of deals in the first half,

Joe Biden’s $1tn bipartisan infrastructure package was in legislative limbo on Wednesday with Republicans intent on blocking its progress in Congress, leaving Democrats scrambling to rework the deal. The likely defeat of the plan in a procedural vote later on Wednesday does not mean that its chances are doomed, since centrist lawmakers from both parties

Financial planning is a rewarding career with a strong job outlook. While financial planning jobs are abundant, the competition for them is intense, which makes acing the job interview of paramount importance. First impressions matter. A good first impression gives you an immediate leg up. A bad one, by contrast, can put you in a

Novartis is hoping to cement an early lead in a potential $10bn market for a new type of cancer treatment, called novel radioligand therapy, after positive results from its trials. Vas Narasimhan, Novartis’s chief executive, said the pharmaceutical company has large-scale manufacturing capacity and relationships with hospitals, which will have to invest to adapt to

The banking industry needs to take a different approach to building new technology if it is to keep up with innovation at fintech companies, according to the former head of Goldman Sachs Asset Management, Sheila Patel. Growing competition from start-ups has contributed to increased spending at the top US banks, but they could be better

Is a mortgage or car loan in your future? If so, there are a few things you should know before you try to make that dream a reality. Buying a home or a car is a huge financial responsibility, one that requires a lot of time, discipline, and money. Most of us don’t have enough

Google and Mukesh Ambani’s Jio are hoping to crack one of the world’s largest untapped smartphone markets, launching a device they hope will be cheap enough to convert 450m Indians on “dumb” handsets into smartphone users. The JioPhone Next, a successor to Ambani’s earlier-generation JioPhone, has been designed by the companies to run a custom version of

The New Shepard Blue Origin rocket prepares to lift-off from the launch pad carrying Jeff Bezos along with his brother Mark Bezos, 18-year-old Oliver Daemen, and 82-year-old Wally Funk prepare to launch on July 20, 2021 in Van Horn, Texas. Blue Origin | Anadolu Agency | Getty Images VAN HORN, Texas — Jeff Bezos‘ space