Mark Zuckerberg’s wealth status has changed — he’s lost more than $9 billion in stock wealth over the past 48 hours. Zuckerberg, who owns about 400 million shares of Facebook, has seen his wealth drop to around $66 billion from $75 billion since the stock closed on Friday, according to the Bloomberg Billionaire’s Index and
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With interest rates rising and volatility up in the markets, however, investors may be shifting away from pure indexing toward more active management of investment risk. “It’s about downside protection,” said Ryan Sullivan, a vice president of global ETF services at Brown Brothers Harriman. Sullivan helps fund companies to design and administer their products. “There
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Walmart is bringing FedEx shops for printing, packing and shipping into 500 of its U.S. stores, adding to the number of services it offers customers in its race against Amazon. Walmart and FedEx have been testing the arrangement in roughly 50 locations across North Carolina, South Carolina, Virginia, Arkansas, Texas and Colorado. Following a successful
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U.S. film and TV studio The Weinstein Company, whose ex-chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it filed for bankruptcy with an offer from an affiliate of private equity firm Lantern Capital Partners to acquire its assets. The studio’s bankruptcy comes after it spent months looking for a
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Oracle stock fell as much as 4 percent on Monday immediately after the company released mixed results for the third quarter of its 2018 fiscal year, which ended on February 28. The stock tumbled lower after executives issued guidance. * Earnings: Excluding certain items, 83 cents per share vs. 72 cents expected by analysts, according
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These breaks are best because they’re accessible to everyone, regardless of whether they itemize. Health savings account: If you’re eligible, make a tax-deductible contribution to your HSA by April 17. HSAs have a triple-tax benefit: Contributions are either tax deductible or pretax, savings grow on a tax-free basis and users can make tax-free withdrawals for
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The “rich habit” of aerobic exercise, for example, is a good “keystone habit.” The Indiana researchers found in their study that those who exercised aerobically, by virtue of the transfer effect, also forged the habit of eating healthier food. This had the effect of improving overall health of the exercisers in their study. The “poor
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Those shares are still worth about $68.5 billion. Despite his losses, Zuckerberg is still the fourth richest person in the world, behind Jeff Bezos, Bill Gates and Warren Buffet, according to Bloomberg. With Monday’s plunge, Facebook shares are down about 2.6 percent year-to-date. The stock pared losses slightly during Monday trading. Cambridge Analytica made headlines
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