One massive deal with French luxury behemoths LVMH has put Rihanna in rarified company. Forbes has crowned her the world’s wealthiest female musician at $600 million, surpassing Madonna ($570 million), Céline Dion ($450) and Beyoncé ($400 million). LVMH, owned by billionaire Bernard Arnault partnered with Rihanna for not only the cosmetics line of Fenty Beauty but now a luxury clothing simply called Fenty. Fenty Beauty pocketed a […]
The mom and wife recently made history as the first athlete to ever make Forbes‘ Richest Self-Made Women list.
MANY OF OUR LISTENERS ARE CURIOUS ABOUT DIGITAL BANKING VERSUS TRADITIONAL BANKS. WHAT SHOULD THEY KNOW? First, let’s talk about how we got here. Until the 1990s, banking had not changed much over the previous five decades. With the advent of the internet, banks began to offer services online. Eventually, some banks emerged without any […]
One of the last items that brought us joy during President Obama’s presidency was when his administration made it public knowledge that Harriet Tubman would replace Andrew Jackson on the $20 bill in 2020. On Wednesday Treasury Secretary Steve Mnuchin said those plans are indefinitely on hold, at least until Trump leaves the White House, The […]
PRESIDENT TRUMP AGAIN INCREASED TARIFFS ON CHINESE GOODS LAST WEEK. CAN YOU GIVE US A SNAPSHOT OF WHAT HAPPENED? As you know, the US and China have been engaged in an escalating trade battle since last year. In September, the U.S. imposed 10% tariffs on $200 billion worth of goods imported from China, with tariffs […]
WHAT DID WE LEARN LAST WEEK THAT’S A POSITIVE ON THE ECONOMIC FRONT? According to the Commerce Department, the U.S.gross domestic product rose at a 3.2 percent annual rate in the first three months of the year. This is an impressive number, considering many economists and analysts have been concerned about the possibility of a […]
What’s the good news in the stock market? I am happy to join Money Monday this morning with good news, and that is not an April Fool’s joke. On Friday, the US markets closed out a great quarter. The S&P 500 rose 0.7% to 2834.4, closing out the quarter up 13% for the quarter, its […]
Earlier this month, the New York Times highlighted a study published in the Journal of Consumer Research that shines further light on a problem many couples face: how to distribute responsibility for finances. The study’s author discovered that when couples divide money management unequally, the person taking a less active role is putting themselves at […]
ST. PETERSBURG, Fla. (AP) — A Florida travel insurance company has awarded a Georgia high school teacher $10,000 for reading the fine print in a policy she recently purchased. A Squaremouth statement says Donelan Andrews claimed the prize 23 hours after the contest began. The St. Petersburg-based company says it launched the secret contest Feb. 11. Buried […]
WHAT’S THE NEWS ON MINIMUM WAGE? Put simply, we are seeing progress around the country when it comes to raising the minimum wage. Since 2016, five states and the District of Columbia have raised their wage floor to $15 per hour. My home state of Illinois was the latest state to get on the bandwagon, […]
Last October, someone in Simpsonville, South Carolina won the nation’s largest Mega Millions jackpot of $1.5 billion. And since then, no one has claimed the prize, setting up one of the lottery’s biggest mysteries. They still have some time as the deadline to turn in the ticket or forfeit the jackpot is April 19th. But […]
You are here this morning to discuss why some states and cities are fighting the move away from cash. What’s the story? In recent years we have seen a rapid shift away from cash, both in the U.S. and around the world. Fewer people are using paper money, and the number of retailers cutting out […]
