Partners
More Money, More Problems: Why Pro-Athletes Go Bankrupt After Retiring
Romone Penny, Founder and CEO of Pursuit Sports Group says professional athletes are challenged by many factors when it comes to managing their finances. The professional sports world is known for huge paychecks, but so many athletes file for bankruptcy soon after retiring. ESPN's (DIS) 30-for-30 documentary cites staggering statistics on bankruptcy of former players just a few years into retirement. A pro-athlete doesn't just deal with their salary, but also endorsement income. NBA player LeBron James makes about $42 million annually in endorsement deals from companies including Coca-Cola (KO), Nike (NKE), and Dunkin Donuts (DNKN). Penny also says financial education is key, and sees different investing tools for athletes in the future including the stock market. TheStreet's Kurumi Fukushima reports in New York.
China's Billionaire Boom: Jan. IPOs Build Wealth for 24
Feb. 17 -- China saw wealth grow for 24 citizens who have joined the billionaire ranks so far in 2015, thanks to a string of IPOs in the month of January. Bloomberg’s Rob LaFranco reports on “The Pulse.”
Oscar nominees fuel Chinese movie piracy
Oscar season has arrived, and China is flooded with pirated DVDs of nominated films despite a crackdown on bootleggers. Jane Lanhee Lee reports.
Apple to hit refresh on its brick-and-mortar stores
In a recent interview with The New Yorker, Apple's head designer Jony Ive revealed the tech giant plans to revamp its physical stores. PCMag's Dan Costa discusses the news with CNBC's Dominic Chu.
Do lotteries target the poor?
FBN’s Charles Payne, conservative blogger Crystal Wright, Moody’s Capital Markets Chief Economist John Lonski, A&G Capital CIO Hilary Kramer and NewOak Capital President James Frischling on Americans’ spending on lottery tickets.
Squats could win free travel in Mexico
Mexico City is considering offering people free bus or train tickets to people who do exercise at the station on their way to work.
Student loan debt piles up to $1.16 trillion
The delinquency rates on student loans worsened in the last three months of 2014, according a new report from the New York Federal Reserve.
At UPS, the algorithm is the driver
UPS is using a computer platform called Orion—which is 10 years and hundreds of millions of dollars in the making—to help sort through an almost infinite number of options to make delivery routes more efficient.
Stocks Little Changed amid Greece Impasse
(Bloomberg) -- U.S. stocks were little changed, after the Standard & Poor’s 500 Index reached a record, as investors weighed risks amid a breakdown in...
Is Another Recession on the Way?
This reader wants to know if another recession is coming. The answer? Bet on it.
Greek Banks Said to Need More Emergency Funds
(Bloomberg) -- Greek lenders are urging central bank Governor Yannis Stournaras to seek additional emergency cash as deposit outflows accelerate, according...
How Adobe kickstarts innovation from its employees
A tool called Kickbox, which Adobe is now giving away to any company that wants to try it, helps employees develop and test new ideas.
It's time to get out of bonds, a senior strategist warns
With fixed-income yields at record lows, a senior broker has told CNBC that now is the perfect time for investors to sell and move into equities.
Lying About Charitable Contributions? Look Out
Thinking of fudging on those blank donation forms? It could cost you.
Apple reportedly orders 5M smartwatches for initial run
Apple Inc (AAPL.O) has asked its Asian suppliers to make 5-6 million units of its three Apple Watch models for the first-quarter, the Wall Street Journal reported, citing people familiar with the matter.
Stocks Slip amid Greece Debt Deadlock
(Bloomberg) -- U.S. stocks fell, after the Standard & Poor’s 500 Index reached a record last week, as investors weighed the risks of a Greece debt impasse...
Soros Said to Have Boosted Herbalife Stake After Shares Fall
(Updates share price in fourth paragraph.) (Bloomberg) -- George Soros’s fund boosted its stake in Herbalife Ltd. in the fourth...
US homebuilder sentiment slips
U.S. homebuilder sentiment fell for a second straight month in February but still showed more builders view market conditions as favorable, the National Association of Home Builders said on Tuesday.
The Source of Contentment
By Leo Babauta My friend Jesse sent me this video of Henri Nouwen (worth a watch) that talked about three sources of happiness that are very unreliable. They’re based on different ways to answer the fundamental question, “Who am I?”: What I do: If we are what we do, then when we...
Facebook
Become a fan
Twitter
Follow us
RSS
Subscribe