How One Man Lost $20 Billion In Two Days

How One Man Lost $20 Billion In Two Days

Before he lost it all—all $20 billion—Bill Hwang was the greatest trader you’d never heard of. Then he lost it all in two days. Bloomberg reports: Starting in 2013, he parlayed more... Read more »
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In One Year a Billion Tons of Food Got Wasted

In One Year a Billion Tons of Food Got Wasted

There is something that the average person can do to slow down climate change, and it can be accomplished without leaving the house. Don't waste food. Bloomberg reports: Some 931 million tons of... Read more »
Billionaire CEO of Software Company Indicted For Alleged $2 Billion Tax Evasion Schemes

Billionaire CEO of Software Company Indicted For Alleged $2 Billion Tax Evasion Schemes

The billionaire chief executive of Ohio-based Reynolds and Reynolds Co, Robert Brockman, has been indicted on charges of tax evasion and wire fraud conducted over “decades.” ZDNet reports: The scheme, in which roughly... Read more »
TurboTax Owner Intuit to Buy Credit Karma for $7 Billion

TurboTax Owner Intuit to Buy Credit Karma for $7 Billion

Intuit Inc. is nearing a deal to buy personal-finance portal Credit Karma Inc. for about $7 billion in cash and stock, in a move that would push the bookkeeping-software giant further into... Read more »
2,153 Billionaires Are Richer Than 4.6 Billion People

2,153 Billionaires Are Richer Than 4.6 Billion People

The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global... Read more »
Federal Deficit Hits $134 Billion in One Month

Federal Deficit Hits $134 Billion in One Month

The federal deficit reached $134 billion in October, the first month of fiscal 2020, according to data the Treasury Department released Wednesday. The Hill reports:  That figure is about 34 percent higher than last October, a... Read more »
Facebook Stock Suffers Largest One-Day Drop In History, Shedding $119 Billion

Facebook Stock Suffers Largest One-Day Drop In History, Shedding $119 Billion

Facebook is experiencing one its worst days as a publicly traded company. According to CNBC, Facebook lost about $119 billion of its value on Thursday, marking the biggest one-day loss in U.S.... Read more »
Apple to Invest $350 Billion in USA and Create 20,000 Jobs

Apple to Invest $350 Billion in USA and Create 20,000 Jobs

Apple announced on Wednesday it will invest $350 billion in the U.S. economy over the next five years while creating 20,000 new jobs thanks to the new tax law. The company expects... Read more »
Americans Paid $15 Billion in Overdraft Fees Yearly

Americans Paid $15 Billion in Overdraft Fees Yearly

According to the Consumer Financial Protection Bureau, Americans paid $15 billion in overdraft fees last year. That's an awful lot of money that consumers wasted on unnecessary and preventable fees. CNN Money... Read more »
Snapchat Founders Just Lost Over $1 Billion

Snapchat Founders Just Lost Over $1 Billion

Snapchat Founders Evan Spiegel and Bobby Murphy lost more than $1 billion each after the company reported earnings for the first time in May, 2017. After the social media company reported first-quarter... Read more »
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