DES MOINES, Iowa — So you didn’t win Wednesday’s $360 million Powerball jackpot? Make that you and everyone else.
A message early Thursday on the multistate lottery’s website said the jackpot has soared to $475 million after none of the tickets sold matched all the winning numbers in Wednesday night’s drawing: 2, 11, 26, 34, 41 and a Powerball of 32.
The next drawing will be held Saturday.
The two big names in crowdfunding are Kickstarter and Indiegogo, but it turns out that you have plenty of other options that grant you a degree of control over your campaign that the bigger names don't.
Now that Washington has talked American investors down from the fiscal cliff, what will be the market's next obsession? And how might people invest for a new normal where tax rates have been decided, but everything from worldwide growth to the fate of Europe's economy remains in flux?
Social media and big data are being used in an innovative new payday loan banking model that’s more Silicon Valley than Wall Street. Most interestingly, the operation seems to have more in common with old-fashioned hometown lenders than today’s giant banks or typical payday loan outfits. When people get nostalgic about community banking, they evoke a time when your bank really knew who you were. The manager knew your name and the tellers would ask how your kids were doing or wish you happy birthday.
Who says so? Just the community of market professionals who average compensations of 7-figures annually, helping big-money-fund portfolio managers shuffle holdings like million-dollar chips at the highest-stakes poker table you ever heard of.Since they have to put their employer's capital at risk to do it, everyone's skin is in the game, big time. No old, bold pilots here; the pros know when to hold 'em and how to hedge their exposures, or fold 'em when the odds and payoffs aren't right.
The Fed announced it would begin tapering bond purchases next month. Wall Street rejoiced, pushing the major averages back up toward new highs.
However, the taper news won’t help you make money in the markets in 2014. But understanding two important four-year market cycles just might…
Get ready. We are entering the second year of the presidential cycle — which is also a midterm election year. Historically, these are not strong years for stocks.
By Simon Johnson
On Friday, Senator Bob Corker (R, TN) took to the Senate floor to rebut critics of big banks. His language was not entirely senatorial: “I hope we’ll all come to our senses”, while listing the reasons we need big banks. And Senator Chris Dodd (D, CT) rose to agree that (in Corker’s words) reducing the size of our largest banks would be “cutting our nose off to spite our face” and that by taking on Wall Street, “we may be taking on the heartland.”