One lucky individual from New Jersey has officially won the $1.128 billion Mega Millions jackpot, marking the game’s fifth-largest grand prize in history. This winner now faces a difficult decision between taking the annuitized prize spread out over time or a lump-sum payout of $536.6 million in cash. The Tax Bite Unfortunately, winning a massive
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The latest data from the Hurun Research Institute reveals that Mumbai has surpassed Beijing and Shanghai to become the Asian capital with the most number of billionaires. With a total of 92 billionaires, Mumbai now holds the third spot globally behind New York and London. This significant shift marks the first time that India’s most
Shares of H&M saw a remarkable 14% surge in early trading on Wednesday following the release of their first quarter financial results. The company exceeded profit expectations with an operating profit of 2.08 billion Swedish kronor ($196 million), far surpassing the forecast of 1.43 billion kronor. This impressive performance saw the company’s operating margin rise
BJ’s Wholesale Club recently announced its plans to open four new clubs in the Southeast and one in the Midwest in an effort to expand its presence in the competitive membership warehouse market. These new stores are scheduled to open this fiscal year in various locations including Maryville, Tennessee; Myrtle Beach, South Carolina; Palm Coast
The recent report from the Mortgage Bankers Association reveals a concerning trend in the housing market – stagnant mortgage demand. Despite the typically active spring housing market, application volume remained flat last week, dropping 0.7% compared to the previous week. This lack of movement in mortgage demand raises several red flags about the state of
The Financial Conduct Authority in Britain recently released guidelines for financial services companies and social media influencers involving memes about cryptocurrencies and other investments. The main objective behind these guidelines is to combat the increasing number of scams in the financial industry. The FCA emphasized the importance of fairness, clarity, and transparency in all marketing
Federal prosecutors have taken legal action to seize two luxury apartments in New York City, valued at $14 million, that are believed to have been purchased with funds from a corrupt scheme involving Mongolia’s significant copper mine, former Prime Minister Sukhbaatar Batbold, and his Harvard Business School graduate son. The lawsuit, filed in U.S. District
When it comes to saving for retirement, many married couples overlook the potential benefits of spousal Individual Retirement Accounts (IRAs). While traditional IRA contributions typically require earned income, spousal IRAs offer an exception for single-income households. These accounts, whether Roth or traditional, can provide valuable tax breaks and enhance retirement savings for non-working spouses. Despite
Larry Fink, Chair of BlackRock, has sounded the alarm on the looming crisis surrounding Americans’ ability to afford retirement as lifespans continue to lengthen. In his annual letter to shareholders, Fink highlighted the decreasing financial stability of retirement as one of the major economic challenges of the mid-21st century. He pointed out that the traditional
McDonald’s recently announced its plan to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026. This strategic partnership will see the rollout starting in the second half of the year, with Krispy Kreme doubling its distribution to meet the demands of the collaboration. Under this exclusive agreement, McDonald’s will be the