Tesla stock trades higher even after UBS downgrades shares of the electric-vehicle maker, and Nvidia, which was swept up in Thursday’s steep tech selloff, rebounds. JPMorgan Chase, Wells Fargo, and Citigroup report declines in net interest income, sending shares of the banks lower. Read More...
A Couple Won the Powerball. Investing It Turned Into Tragedy.
In spring 2008, Paul Rosenau, a construction supervisor and heavy-equipment operator in Waseca, Minn., bought a Powerball ticket—and hit a $59.6 million after-tax jackpot. Rosenau, a devout Lutheran and the son of a pastor, recalls with a tremor in his voice how he and his wife, Sue, felt when they woke up the next morning. “We were very sure [the Powerball jackpot] was divine intervention,” Rosenau recalls, “and we were very sure what we were supposed to do with it.”
The Wall Street Journal•
