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- NewsCNBC.com•12 hours ago
Oprah Winfrey visited a bank for the first time since 1988 to deposit $2 million
It's a well-documented fact: Celebrities, they're just us! They walk their dogs, go grocery shopping and stop at the bank. That includes media mogul Oprah Winfrey. On a recent episode of Ellen DeGeneres' "Show Me More Show" on YouTube, Winfrey recounts that she recently visited a physical bank for the first time in since 1988 to deposit a check worth $2 million. "I just wanted to," she tells DeGeneres. "I just wanted to do it. I stood in line — just to do it!" While a multimillion-dollar deposit would eclipse the balance of the average bank patron's account, it's just a drop in the bucket for Winfrey, who is worth $3.1 billion, according to Forbes. Use this trick to get rich, says self-made millionaire
BusinessThe Street•8 hours agoFed Won't Be Able to 'Rescue Investors' in the Next Market Crash: Peter Schiff
Veteran market expert Peter Schiff, CEO of Euro Pacific Capital, isn't pleased with the Federal Reserve's accommodative policies in recent years. With interest rates near zero for so many years and the slow pace of the Fed's normalization policy, the central bank is low on dry powder to stimulate the economy during the next downturn, according to Schiff. The Fed won't be able to "rescue investors" during the next stock market crash, like they did in the years following the 2000 and 2008 crashes, he notes. "They were successful in reflating yet another bubble but I think this bubble will be the similar fate as the prior two," he said in an interview with TheStreet. "The difference is, the third
FinanceReuters•12 hours agoVerizon media chief departing after not getting top job
Verizon Communication Inc media chief Marni Walden confirmed on Tuesday she had decided to leave the telecommunications company next year after it became clear she would not become its next chief executive. Walden, executive vice president and president of global media, also said at a Fortune conference in Washington that her planned departure, announced last week, had nothing to do with Verizon's earlier announcement that a data breach at Yahoo affected 3 billion accounts, three times what the company said in December. Walden, the company’s top-ranking female executive, played a big role in Verizon’s acquisition of Yahoo and its merger with AOL to create the Oath unit.
