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Giorgio Viera/AFP/Getty Images There have been 28 consecutive drawings without a grand prize winner since July 19, 2023. CNN  —  Lottery players have another chance to win big on Monday after the Powerball jackpot grew to a record-breaking $785 million. The prize became the fourth largest in history after Saturday’s drawing produced no winners matching all six drawn numbers. White balls 1, 12, 20, 33 and 66 and red Powerball 21 were drawn on Saturday. The large prize is now surpassed only by previous jackpots over $1 billion, according to the Multi-State Lottery Association. The largest jackpots were $2.04 billion in November 2022, $1.586 billion in January 2016 and $1.08 billion in July 2023, lottery officials said in a news release. At least one person from California scored a jackpot-winning ticket in each of those three drawings, according to the release. While there were no jackpot winners Saturday, the drawing produced more than 1.5 million winning ticke...

Vietnam plans to restart its largest rare earths mine next year Dong Pao is among world’s biggest mines, draws foreign interest Australia’s Blackstone eyes $100mln Dong Pao investment Blackstone’s partner VTRE plans factory with S. Korea’s Setopia Concerns mount over China’s dominance of strategic minerals HANOI, Sept 25 (Reuters) – Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project that could rival the world’s largest, according to two companies involved, as part of a broader push to dent China’s dominance in a sector that helps power advanced technologies. The move would be a step toward the Southeast Asian country’s aim of building up a rare-earths supply chain, including developing its capacity to refine ores into metals used in magnets for electric vehicles, smartphones and wind turbines. As an initial step, Vietnam’s government intends to launch tenders for multiple blocks of its Dong Pao mine before the year’s end, said Te...

Estimated read time: 2-3 minutes SALT LAKE CITY — People with student debt have spent the last several years in a political tug-of-war. First, they were told not to worry about it during the COVID-19 pandemic, then the White House wiped out $400 billion of federal student debt for some students, only to have the U.S. Supreme Court say no. Now, payments will start again, but with all the twists and turns surrounding forgiveness, you might see why folks could develop financial malaise. But with student loan payments scheduled to resume next month, we asked CNET senior editor Nick Wolny to help us make heads or tails of it. “For many Americans, it’s been over three years since they’ve had to deal with any sort of loan payment,” Wolny said. Let’s start with the good news for those who worry about whether they can afford to resume paying: If you miss a payment between now and next September, you will still accrue interest, but it won’t hurt your credit. “There will be a one-year gr...

Richard Lautens/Toronto Star/Getty Images Lana Payne speaks to the delegates after being elected the new president of UNIFOR, Canada’s largest private sector union, at the Metro Toronto Convention Centre on August 10, 2022. CNN  —  Members of Canada’s autoworkers union, Unifor, ratified a tentative three-year agreement with Ford on Sunday after the union had reached an 11th-hour agreement last week to avert a possible strike. The deal, which Unifor called “exceptional,” was unanimously endorsed by leadership from the local unions on Friday, the union said in a news release. But despite that endorsement, only 54% of the rank-and-file members voted to ratify the deal. The union leadership said the contract was the best deal they could get for members. “This was an extraordinary round of collective bargaining, taking place in an extraordinary time,” the union’s leadership wrote in a joint message to members included in the bargaining report. “Autoworkers, like all w...

Comment on this story Comment As strikes against the Big Three Detroit automakers enter their 10th day Sunday, Democrats are praising a visit by President Biden to Michigan, scheduled for Tuesday, to show support for autoworkers on the picket lines. The White House announced the news Friday, as United Auto Workers members walked out of 38 parts warehouses and distribution centers for General Motors and Stellantis in 20 states. The strike escalation, which spared Ford, added another 5,600 workers to the work stoppage for a total of 18,300 — about 12 percent of the union’s autoworker members. Biden’s Michigan visit — which labor experts say is probably the first time a sitting president has visited a strike in at least 100 years — will come a day before his expected rival in the 2024 presidential race, former president Donald Trump, plans to deliver his own speech to hundreds of union members in Michigan. “President Biden is doing what he has always done, which i...

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. X The stock market fell into a correction this past week as a hawkish Fed rate-hike outlook sent Treasury yields soaring. The major indexes broke several key support levels while leading stocks suffered heavy damage. Stocks bounced Friday morning, but fizzled to end lower even as yields eased slightly. Tesla (TSLA) forged a new handle buy point this past week, but fell solidly Friday and sharply for the week. TSLA stock is in danger of breaking, joining many other leaders in the past week or two. Meta Platforms (META), FedEx (FDX), General Electric (GE), Costco Wholesale (COST), Li Auto (LI), Arista Networks (ANET), Vertex Pharmaceuticals (VRTX), Synopsys (SNPS) and CrowdStrike (CRWD) are among stocks holding up relatively well, for the moment. But few of these names would look actionable in a rip-roaring bull market. In the current environment, this is a time for window ...

Dear MarketWatch,  I’m in my early 60s, and I have a paid-off home, valued under $200,000, in a rust-belt city that I’d like to move out of. On the upside, I’ve saved $950,000, which is invested with an investment firm, in taxable accounts. The firm has a good record and serves as a fiduciary. I receive a small amount of alimony and will continue to receive it for the next eight years. I’m trying to live only on the alimony so that I can keep my money invested in the hopes that it will grow — although right now, it seems to be going nowhere.   I’m able to get discounted health insurance through the government marketplace. I have no children. I worry about my finances, particularly when I see the price of real estate in desirable areas where I’d have relatives nearby. I worked for many years in a high-education-required/low-wage-provided career (I know, I know … it seemed to make sense at the time). I’ll receive only about $20,000 a year from Social Security. I keep my...

Sheldon Cooper/SOPA Images/LightRocket/Getty Images Residential buildings in Changzhou, China. Even China’s population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country’s crisis-hit property market. China’s property sector, once the pillar of the economy, has slumped since 2021 when real estate giant China Evergrande Group defaulted on its debt obligations following a clampdown on new borrowing. Big-name developers such as Country Garden Holdings continue to teeter close to default even to this day, keeping home-buyer sentiment depressed. As of the end of August, the combined floor area of unsold homes stood at 648 million square meters (7 billion square feet), the latest data from the National Bureau of Statistics (NBS) show. That would be equal to 7.2 million homes, according to Reuters calculations, based on the average home size of 90 square meters ...

Hong Kong CNN  —  Until recently, the upscale homes of the Redhill Peninsula seemed like an oasis for rich Hong Kongers aspiring to a tranquil lifestyle in an otherwise notoriously cramped metropolis of 7.5 million. Its cliffside location and unobstructed views of the South China Sea made for great Feng Shui and offered the perfect antidote to the hustle and bustle of city life for its gated community of tycoons, expats and celebrities. But that same pristine location worked against it on September 8, when a storm brought the heaviest rainfall in nearly 140 years to Hong Kong, wreaking havoc across the city. Two people were killed and more than a hundred injured as more than 600mm (23.6 inches) of rain barreled down on the coastal city, flooding metro stations and turning roads into rivers. The chaos was not confined to the flooded lowlands. Up on the edge of the cliff separating the Redhill Peninsula from the sea below it chipped away at the soil, leaving three milli...

For Lachlan Murdoch, this moment has been a long time coming. Assuming, of course, that his moment has actually arrived. On Thursday, his father Rupert Murdoch announced that in November he’ll step down as the head of his two media companies: News Corp. and Fox Corp. Lachlan will become the chair of News Corp. while remaining chief executive and chair at Fox Corp., the parent of Fox News Channel. The changes make Rupert’s eldest son the undisputed leader of the media empire his father built over decades. There’s no real sign that his siblings and former rivals James and Elisabeth contested him for the top job; James in particular has distanced himself from the company and his father’s politics for several years. But Rupert, now 92, has long had a penchant for building up his oldest children only to later undermine them — and sometimes to set them against one another — often flipping the table without notice. Given Rupert Murdoch’s advanced age, this might be his last power move. Bu...

Comment on this story Comment When Rupert Murdoch formally hands over the reins of his media empire to his 52-year-old son Lachlan in November, die-hard Fox News viewers will hardly notice any difference. Conservative-leaning Lachlan has controlled the cable-news giant’s parent company since 2019, when he was picked to serve as chief executive and his more liberal brother James left the family business, seemingly ending speculation that a new sensibility would arrive with the next generation of Murdochs. “I’ve had a sense that Lachlan is at least as conservative as his father,” said Preston Padden, a former Fox executive who has since became a critic of the network (but described Lachlan as “a very nice guy” in their interactions back in the 1990s). In his note to Fox employees on Thursday announcing his departure, Rupert Murdoch described Lachlan as “a passionate, principled leader” and ideological descendant of his own late father, Keith Murdoch, who began th...