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    andresr | E+ | Getty Images Covid-19 relief and record-low interest rates boosted many Americans' finances during the pandemic. That has been especially true for millennials, who have on average built significant wealth. Millennials, born between 1981 and 1996, have more than doubled their total net worth, reaching $9.38 trillion in the first quarter of 2022, up from $4.55 trillion two years prior, according to a MagnifyMoney report. And millennials' average net worth — defined as total assets minus total liabilities — also increased twofold during the same period, jumping to $127,793 from $62,758, the report found. More from Personal Finance:Nearly half of all Americans fall deeper in debt as inflation boosts costs1 in 5 Americans dodging credit card statements as interest rates spikeGen Z is stashing away 14% of income for retirement, study shows However, the report finds the average millennial net worth still lags behind older generations, with Gen Xers and baby boomers reaching an average of $647,619 and $1,021,264, respectively.Real estate more than a third of millennial wealthWith soaring home values over the past couple of years,...
    President Joe Biden has a higher net favorability in only 10 U.S. states and a new poll reveals that he has a disapproval rate higher than his approval in the double digits in 33 states. A new Morning Consult Political Intelligence quarterly tracking shows that the president's job performance has worsened in the first quarter of 2022 in the majority of states – including in deep red areas as well as battleground states that were pivotal to his 2020 victory. The only states where Biden isn't underwater are California, Washington, Maryland, New York, Massachusetts, Vermont, Illinois, Rhode Island, Delaware, Hawaii and the District of Columbia. But even in those states, the net approval has dramatically shrunk since this time last year. In Biden's home state of Delaware, which he won by nearly 20 points in 2020, his net approval – the share of voters who approve subtracted by the share who disapprove – is only at 4 percent. The state with the lowest approval of Biden is West Virginia, where his net disapproval is at 50 percent, and the state...
    Elon Musk continues to grow his status as the world's richest man as his net worth continues to skyrocket over the rest of the top earners in 2022.   In the latest Forbes list, Musk, 50, increased his net worth to $282billion, which is over $100billion richer than Amazon founder Jeff Bezos, whose net worth is $183.6billion. The Tesla and SpaceX CEO was one of the biggest beneficiaries from the Covid-19 pandemic, as his net worth sat at just $26.6billion at the beginning of 2020.   In 2020, Musk's wealth grew by over $110billion, which is the record for anyone in the history of Forbes tracking such numbers. Musk gained another $90billion in 2021, as he knocked Bezos off the top of the Forbes rich list to begin the year.  In the latest Forbes list, Elon Musk, 50, increased his net worth to $282billion, which is over $100billion richer than Amazon founder Jeff Bezos Amazon founder Jeff Bezos, whose net worth is $183.6billion, as been lapped by Musk on the Forbes rich list RELATED ARTICLES Previous 1 Next ...
    The wealth of America's top 1 percent, an elite group including Elon Musk, Jeff Bezos and Warren Buffet, hit a record $45.9 trillion last year, more than that of the bottom 90 percent combined. The top 1 percent added $6.5 trillion to their net worth last year as stocks and financial markets soared, according to the Federal Reserve's latest report on household wealth. Meanwhile, the bottom 90 percent of the country added just $5.3 trillion in net worth, taking their collective assets to just $43 trillion, the report reveals.   To be considered part of the top 1 percent of wealth, a household would need to have a net worth of more than $11 million -- compared to the US median net worth of $122,000. The top 1 percent added $6.5 trillion to their net worth last year, reaching a collective wealth of $45.9 trillion, according to new data The elite group includes the richest Americans such as Elon Musk (left) and Jeff Bezos (right) who gained $277 billion and $4.5 billion respectively last year 'The numbers are astounding,' Edward Wolff, professor of...
    China is producing new billionaires, especially female billionaires, at a much faster rate than any other country in the world - though America's upper class still controls more wealth than its Chinese counterparts. As of 2022, China has more billionaires, with 1,133, while the US has just 716.  It's a wider margin compared to last year, though the U.S. still holds the top prize for producing billionaires and companies with far more international influence, according to Axios.  Together, China and the US have contributed to 55 percent of 'known' billionaires  worldwide over the last year, according to the Hurun's 2022 Global Rich List.  Furthermore, New York City no longer features among the top three cities with the highest number of billionaire residents after Shenzhen leap frogged the Big Apple into third place.  All top three cities are now in China: Beijing in first place with 144 billionaires, followed by Shanghai with 121 and Shenzhen 113, respectively.  Zhong Shanshan, founder and chairman of bottled water company Nongfu Spring is China's wealthiest man with $60.5Billion in the bank American super-rich, however,...
    WRESTLING legends The Rock and John Cena have made a pretty penny inside and outside of the ring - but their respective net worths pale in comparison to WWE supremo Vince McMahon's. The WWE icons' years of grafting in the ring and on movies sets have reportedly seen them amass a combined net worth of £500,000,000. 3Vince Mahon has transformed WWE into a global empireCredit: GETTY 3And the WWE bigwig's net worth is double The Rock and John Cena's combined worthCredit: GETTY The Rock - real name Dwayne Johnson - is said to have earned a whopping £454,000,000 of that staggering figure. But according to reports, the pair's financial muscles are dwarfed by McMahon's net worth - which is said to be well over DOUBLE Johnson and Cena's. Celebrity Net Worth claim the veteran promoter is worth a gargantuan £1.2billion. McMahon has made a boatload of cash over the last few decades transforming the WWE into a sporting powerhouse. The company's massive success has directly fattened McMahon's pockets as he owns close to 28.7 million shares of the company's stock....
    Elon Musk's net worth has surpassed $230 billion making him the richest man on the planet after shares at Space X soar by 33 percent and sell for more than $100 billion, after only joining the Forbes top ten billionaire list in the middle of last year. The Tesla CEO has now outstripped former richest person, Amazon founder Jeff Bezos, and is currently wealthier than Bill Gates and Warren Buffett combined. The Tesla founder saw his and his SpaceX company's wealth swell after a share sale at SpaceX on October 8 worth $100 billion in a secondary offering.  The company had an agreement with both new and existing investors to sell up to $755 million in SpaceX stock from insiders at $560 per share, multiple people close with the deal told CNBC.   FORBES 10 RICHEST BILLIONAIRES 20201 Jeff Bezos  $113bn (2020) $131bn (2019) 2 Bill Gates $98bn(2020) $96.5bn (2019) 3 Bernard Arnault $76bn (2020) $76bn (2019) 4 Warren Buffett $67.5bn (2020) $82.5bn (2019) 5 Larry Ellison $59bn (2020) $62.5bn (2019) 6 Amanico Ortega $55.1bn (2020) $62.7bn (2019) 7 Mark Zuckerberg  $54.7bn (2020)...
    Paul McCartney called The Rolling Stones a blues cover band in a new interview in which he compared his Beatles to their fellow British musical legends. 'I’m not sure I should say it, but they’re a blues cover band, that’s sort of what the Stones are,' McCartney, 79, told The New Yorker. 'I think our net was cast a bit wider than theirs.' The comments came about a year-and-a-half after McCartney told Howard Stern he believed his band was better overall. The latest: Paul McCartney, 79, called The Rolling Stones a blues cover band in a new interview in which he compared his Beatles tp their fellow British musical legends. He was snapped last month in London  'They are rooted in the blues,' McCartney said in the April 14, 2020 interview. 'When they are writing stuff, it has to do with the blues. We had a little more influences. 'There’s a lot of differences and I love the Stones, but I’m with you. The Beatles were better.' RELATED ARTICLES Previous 1 Next Listen... do you want...
    Prince Harry's nosedive from the most popular member of the Royal Family to where he is now 'adds to his anger', a royal expert has claimed. The Duke and Duchess' popularity has hit an all-time low as the couple continue to suffer the fallout from their interview with Oprah Winfrey in March, according to polling by YouGov. Positive opinion of Harry, 36, who now lives in an £11million mansion in Montecito, California, with his wife and two children, has fallen by nine points from 43 per cent in April to 34 per cent now. Meghan, 40, has seen a steady decline in her popularity this year, with positive opinion at 30 per cent in March, falling to 29 per cent in April, and dropping a further three percentage  points to 26 per cent now. The Duke and Duchess' popularity has hit an all-time low as the couple continue to suffer the fallout from their interview with Oprah Winfrey in March, according to polling by YouGov Former royal editor Duncan Larcombe, who has reported on Harry since he was a teenager, said...
    Jeff Bezos is no longer the CEO of Amazon, but that doesn’t mean he’s still not flush with cash. The billionaire retired Monday as the CEO of the company that made him mega-rich and Business Insider published some wild info on his reported nearly $203 billion fortune. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) Just how wealthy are we talking? According to BI, Bezos makes every second what the average American worker makes in a week. The average weekly salary is just under $1,000. That means for every breath Bezos takes, he’s putting a grand in his pocket. Another wild stat about Bezos’ net worth is that his net worth is 739,489 times larger than the median average for a 65-year-old in America. Yes, you read that sentence correctly. Bezos is rolling cash! Hating the rich is a very popular thing to do these days, but it’s never been something that I’ve had interest in. If you’re rich, then good for you. Jeff Bezos isn’t just rich. He has the kind of money that can...
    New York (CNN Business)Amazon's profits more than tripled in the first quarter of 2021, as the pandemic continued to boost its online retail, cloud and advertising businesses. The tech giant on Thursday reported a whopping $8.1 billion in quarterly net income, up 224% from the same period in the prior year, crushing Wall Street analysts' prediction of $4.98 billion. Earnings hit $15.79 per diluted share. Total net sales from the quarter grew 44% from the year-ago period to $108.5 billion, also beating the $104.5 billion analysts had projected. Amazon (AMZN) shares spiked as much as 4% in after-hours trading. "Amazon has the almost perfect business for the world right now," James Harris, global chief strategy officer at Mindshare Worldwide, said in an email following the report. "The world's leading e-commerce platform, a growing cloud business and a smaller but growing advertising capability all working in unison. It's a compelling offer."Read MoreThe company's cloud unit and biggest money maker, Amazon Web Services, posted net sales of $13.5 billion during the quarter, up 32% year-over-year. That's an acceleration in growth from the...
    BRASILIA, Mar 30 (.) – Brazil’s economy added 401,639 net formal jobs in February, according to figures from the Economy Ministry released on Tuesday, the biggest monthly rise in at least 20 years. 1.69 million new jobs were created and 1.29 jobs were eliminated, the ministry said. In the first two months of 2021, the Brazilian economy created a net volume of 659,780 formal jobs, also the highest levels in several years. (Reporting by Jamie McGeever. Edited in Spanish by Marion Giraldo)
    Traumatized and tired, nurses are quitting due to the pandemic Republicans united in opposition to Biden’s $1.9 trillion COVID stimulus package When Kansas is the sixth-best NCAA Tournament team in a league it has won 15 of the last 16 seasons, two story lines emerge. The latest on the Bubble Watch USA TODAY SPORTS See more videos SHARE SHARE TWEET SHARE EMAIL What to watch next Devonta Smith most definitely thinks he should be on the cover of revamped NCAA video game For The Win Islanders fall to New Orleans on senior night - 3Sports KIII-TV Corpus Christi WATCH: Xavier basketball coach Travis Steele following loss to Providence Cincinnati Enquirer LaVall Jordan, Bryce Nze, Jair Bolden on Butler win over Seton Hall Indianapolis Star WATCH: Plymouth’s Clayton Miller wins it for Plymouth from half court Mansfield News Journal Marquette vs. North Carolina Condensed Game | 2020-21 ACC Mens Basketball ACC Digital Network NC State vs. Virginia Condensed Game | 2020-21 ACC Mens Basketball ACC Digital...
    The rapid recovery of the main businesses in the fourth quarter of 2020 has allowed Global Dominion to close the year of the pandemic above its forecasts. At the end of the financial year, it has achieved a net profit of more than 12 million euros and has fulfilled its commitments with investors. Although various sources indicate 2022 as the year for the recovery of the world economy, Dominion advances this forecast and expects to grow this year and close 2021 above the results of 2019. The company has proven to be a resilient company, thanks to diversification, agility in decision-making and financial discipline. Mikel BarandiaranDominion CEO has highlighted the business model’s ability to cope with adverse situations. “Dominion has a track record of sustained growth, built on solid foundations that have been able to respond with great solvency in this global stress test situation. We have shown that even in crisis situations we are a guarantee for the business and for our investors.” 2020: impact, execution and recovery The income statement for this singularly anomalous year includes...
    The aircraft manufacturer Airbus on Thursday published a net loss of 1.1 billion euros in 2020, limiting the breakage despite the collapse of the aviation sector under the effect of the epidemic. With global air traffic at half mast and airline customers financially drained, the aircraft manufacturer saw its turnover decline by 29%, to 49.9 billion euros. This reflects the “difficult market impacting the commercial aircraft activity”, judges the group, which in 2020 delivered 566 aircraft, a third less than the previous year. Read also: Airbus will increase production in 2021 at a slower rate than expected No dividend for 2020 A sign that the European aircraft manufacturer does not expect an immediate rebound in the market, Airbus plans in 2021 to deliver the “same number of commercial aircraft as in 2020”. “The 2020 results testify to the resilience of Airbus in the most severe crisis experienced by the aerospace industry,” said its executive chairman Guillaume Faury, quoted in the press release. “Many uncertainties remain for our industry in 2021, as the pandemic continues to impact our lives, our...
    In the uncertain context of the coronavirus crisis, the French overwhelmingly filled their livrets A in 2020, preferring the security and liquidity of these regulated products rather than the possible capital gains from other investments. This year, the amount of savings collected by livrets A has thus doubled compared to 2019, earning a net amount of € 26.4 billion. The Covid-19 effect Considered a safe-haven investment, the Livret A guarantees a historically low interest rate of 0.5% per year. In 2020, it experienced historic success in the context of economic and health uncertainties, contrasting in particular with the significant withdrawals observed on life insurance contracts. “The year 2020 was characterized by a major crisis, with a forced drop in consumption due to the various phases of confinement and a fear about the future which gave the winners in the first place the current accounts (current accounts, Editor’s note), then in second position the Livret A and the LDDS “, analysis for . Philippe Crevel, director of the Cercle de l’épargne, a think tank on savings and its regulations. Read...
    Lewis Hamilton is in line for a bumper new £40million-a-year deal at Mercedes that would elevate him even higher among the world's wealthiest athletes.  The British driver is enjoying yet another incredible season and it seems inevitable he will level with Michael Schumacher on seven world championships, something he can clinch at the upcoming Turkish Grand Prix in Istanbul.  His current deal of £36m-a-year with the Silver Arrows expires at the end of the campaign but talks are ongoing and the 35-year-old's on track-success is set to be rewarded.  Lewis Hamilton, pictured here celebrating in front of a giant image of his own face, has never been in a better position in terms of his Formula 1 career and business empire off the track Hamilton is sponsored by of global brands, including Bose (headphones pictured here) While Hamilton boldly stated he may opt to walk away from the sport next season after winning the Emilia Romagna GP on Sunday, team boss Toto Wolff recently joked about the lengths his team will go to in order to secure Hamilton's...
    The following is an excerpt from 50 Things They Don’t Want You to Know About Trump, the new book by Breitbart News Entertainment Editor Jerome Hudson. 50 Things They Don’t Want You to Know About Trump is available for purchase here. The excerpt is from pages 151-155. The Trump administration has championed the responsible cultivation of America’s plentiful energy resources, including oil and natural gas. The president’s policy positions, as such, have been geared toward expanding oil drilling and natural gas exploitation as a means to boost the country’s economy, save Americans money through lower energy prices, and increase America’s national security through reduced dependence on foreign oil. Much of America’s energy boom during Trump’s tenure can be attributed to his stated strategy of “energy dominance.” The White House’s Council of Economic Advisors (CEA) 2020 report found that in 2017 the United States became a net exporter of natural gas. It was a feat not seen since 1958. Further amplifying Trump’s success in boosting America’s energy boom, the United States became a net exporter of crude oil and petroleum products and will...
    Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news. Officials in Austin, Dallas, Houston and San Antonio each spent more than $434 million from their general funds on their respective police departments during the 2020 fiscal year. For each, that was more than a third of their general funds, the portion of city budgets that can largely be distributed to any department because it is not mandated to a specific function. Spending that much on police has rarely been challenged on a large scale, according to police reform advocates. But some Texas cities are rethinking how much they spend on police this year after the death of George Floyd, a Black man killed by Minneapolis police officers during an arrest, spurred protests against police brutality and calls to reduce police funding across the state and country. On Thursday, the Austin City Council unanimously voted to cut its police department budget by one-third — or $150 million — over the next year. Police reform activists like Nora Soto, the co-founder...
    Anecdotes, studies, and surveys tell a grim story about the coronavirus pandemic: it’s disproportionately hurting the least well-off in America, and it may deepen income inequality. That’s in large part because white-collar workers are more likely to be able to work from home, while lower-paid service workers like delivery couriers, transportation workers, retail clerks, and so on, have to be physically on the job. And that’s assuming there are jobs to be had: the most drastic job losses have come in industries like travel and hospitality, retail, and food service. See:These small-business owners made their dreams come true — and then the coronavirus hit It may, therefore, make some people feel just a little better to see one small equalizer wrought by the pandemic. As shown in the chart above, net worth for all Americans decreased in the first quarter, but at a much steeper rate for the wealthiest, shown in blue. Those are percent changes to net worth, not the levels of dollars. The chart comes from the St. Louis Fed’s FRED blog. As economist Diego Mendez-Carbajo explains,...
    Harvard introduced previously this 7 days that all class instruction will be delivered on line, such as for learners dwelling on campus. In a assertion offered to CNN, the university stated the guidance stands to have an effect on approximately 5,000 global pupils. “The order came down with out notice—its cruelty surpassed only by its recklessness. It appears that it was intended purposefully to spot strain on colleges and universities to open their on-campus lecture rooms for in-particular person instruction this fall, with no regard to issues for the health and security of college students, instructors, and other people,” Harvard University President Larry Bacow mentioned.Visa demands for learners have normally been strict and coming to the US to consider on the web-only programs has been prohibited. Immigration and Customs Enforcement managed that prohibition in its steerage, whilst providing some flexibility for hybrid designs, which means a combine of on the net and in-individual courses.The agency prompt that pupils currently enrolled in the US contemplate other actions, like transferring to educational institutions with in-particular person instruction.In an FAQ released by the...
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