Yahoo Finance - Business Finance, Stock Market, Quotes, News

U.S. Markets close in 1 hr 51 mins
  • Who are the 8 richest people? All men, mostly Americans
    World
    Associated Press4 hours ago

    Who are the 8 richest people? All men, mostly Americans

    The eight tycoons' net worth, as calculated by Forbes magazine, was cited Monday by anti-poverty activists Oxfam in a report highlighting income inequality. Gates co-founded Microsoft in the mid-70s, growing it into the world's biggest software company and helping to make computers a household item. The richest person in Europe, Ortega opened the first Zara fashion shop in 1975.

  • Investors are bracing for a massive stock-market selloff
    Business
    MarketWatch9 hours ago

    Investors are bracing for a massive stock-market selloff

    If options traders are correct, stocks are in for a wild ride in February. Demand for one-month call options tied to the CBOE Volatility Index, a popular gauge of stock-market volatility, has spiked in the past week, a sign that some are bracing for a sharp downturn following the inauguration of President-elect Donald Trump. In that time, investors have purchased 250,000 VIX call options with a strike price at 21, and another 100,000 with the strike at 22, according to Brian Bier, head of sales and trading at Macro Risk Advisors, an options brokerage. The options cost roughly 49 cents per contract, Bier said. By comparison, the CBOE Volatility Index VIX, -2.69%  was at 11.16 in midday trading

  • Business
    Kiplingeryesterday

    9 IRS Audit Red Flags for Retirees

    ThinkstockIn 2015, the Internal Revenue Service audited only 0.84% of all individual tax returns. So the odds are generally pretty low that your return will be picked for review. That said, your chances of being audited