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“Mega Millions jackpot reaches $421 million: Here are the best and worst states for taxes on lottery winnings”

“After no winning tickets matched all six numbers drawn on Tuesday, January 25, Friday’s Mega Millions estimated jackpot is $421 million, before taxes are taken out, according to MegaMillions.com… The worst states in which to hit the Mega Millions jackpot 5.… Continue Reading…

Economy

“A record 4.5 million Americans quit their jobs in November”

“A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics.This pushed the quits rate to 3%, matching the high from September.Workers particularly quit their jobs in the hospitality industry, which had by far… Continue Reading…

Business

“Nikola’s Founder Has Sold $284 Million of Stock Since Fraud Charges”

“Nikola Corp.’s founder sold his biggest batch of shares since the U.S. charged him with securities fraud, bringing the total he’s disposed since August to $284 million… Trevor Milton offloaded 11.7 million shares worth about $131 million in a series… Continue Reading…

Economy

“…More Than 100 Million Not in Labor Force for 14th Straight Month; No Job, Not Looking”

“The Labor Department’s Bureau of Labor Statistics announced on Friday that 100,450,000 people in this country were not in the labor force in October, up 38,000 from the 100,412,000 in September. This is the 14th straight month that this “not… Continue Reading…

Economy

“Job openings soar to 10.9 million as companies struggle to fill positions”

“The department’s Job Openings and Labor Turnover Survey, which the Federal Reserve watches closely for signs of slack in employment, showed 10.9 million positions open. That was much higher than the FactSet estimate of 9.9 million and the June total… Continue Reading…

Business, Stocks

“PSEG boosts dividend, sets $500 million stock buyback”

“PSEG said Monday it’ll increase its annual dividend by 12 cents a share to $2.16 per share beginning in the first quarter of 2022 and buy back $500 million in stock after it closes the $1.9 billion sale of its… Continue Reading…

Economy

“More than 7 million Americans to lose jobless benefits on Labor Day”

“Over seven million people across the U.S. will lose their unemployment benefits beginning on Monday as pandemic safety nets expire.  The emergency federal jobless benefits are set to end on Labor Day, while another three million people will lose their additional $300 boost to state unemployment… Continue Reading…

Economy

“Job openings surge above 10 million for first time ever, Labor Department says”

“There were 10.1 million open jobs on the final day of June, the report said, up from 9.2 million in May. Economist polled by Dow Jones were expecting 9.1 million openings. The jump came as the quits rate increased while… Continue Reading…

Banking

“Wells Fargo Loses $800 Million Team to Insigneo”

“A Wells Fargo Advisors team managing more than $800 million in assets has left to join Insigneo, an independent broker-dealer and registered investment advisory firm, the company said.… Miami-based advisors Isadora Del Llano, Yzana Oestreicher, Maria Elena Garcia, and Nilia Gasson make up… Continue Reading…

Business, Stocks

“Who gets the $12.6M in restitution from the Robinhood settlement”

“On Wednesday, Robinhood reached a settlement with FINRA over a multitude of issues, agreeing to pay a fine of $57 million and restitution to customers of $12.6 million. In the 122-page settlement document against Robinhood, FINRA explains that the company “has paid or intends… Continue Reading…