Fed Chair nominee Kevin Warsh is worth well over $100 million, new financial disclosure forms show

Kevin Warsh, President Trump’s nominee to be the next chair of the Federal Reserve, has a net worth exceeding $100 million, making him far wealthier than outgoing Fed Chair Jerome Powell, according to a new financial disclosure form.  Warsh, who is set to step into the Fed chair role in May, listed hundreds of investments, including … Read more

U.K. authorities seize 5 tons of cocaine worth over $500 million from banana, red wine shipments

Border agents in the United Kingdom have seized about five tons of cocaine at a single port in just under a month, the country’s Home Office said on social media.  The drugs are estimated to be worth over £400 million, or about $538 million, the agency said.  The drugs were seized at London Gateway, a … Read more

Why a CD is worth opening after inflation just surged

With inflation rising again, savers should strongly reconsider their CD account options. Andriy Onufriyenko/Getty Images News on Friday morning showing inflation surging in March may not have been totally unexpected, but it was still an unwelcome development for millions of Americans. For borrowers, in particular, already contending with elevated interest rates on a variety of … Read more

A man stole a handbag outside a London pub. Inside was a Faberge egg and watch worth nearly $3 million.

A man who stole a handbag containing a Faberge egg and watch worth at least $2.8 million (2 million pounds) from a London pub was jailed on Thursday for more than two years. Enzo Conticello, 29, of no fixed address, pleaded guilty to one count of theft and three counts of fraud. He was sentenced … Read more

Former New Jersey hospital employee allegedly stole $2.5 million worth of medical supplies

A former surgical technician is charged with stealing $2.5 million worth of medical supplies from a hospital in New Jersey and then reselling them in South Carolina, officials said Monday. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Marci M. Staub, 44, a former employee of Cooper University … Read more

The NBA is planning a European basketball league. Investors think it’s worth billions.

Decades after the NBA first took an interest in Europe, it took a significant step this week toward establishing a new basketball league on the continent. It heard from potential investors, who valued some clubs in the proposed league there at $1 billion. Subscribe to read this story ad-free Get unlimited access to ad-free articles … Read more

How much will $18,000 earn in a CD this year (and is it worth opening)?

Savers should carefully calculate their interest earnings before depositing $18,000 into a CD account now. Getty Images/iStockphoto While it may be tempting to open a certificate of deposit (CD) account with a large, round number, the reality is that all of your money needs protection right now. And, if you can grow that money with … Read more

3 arrested in U.K. after nearly $100 million worth of cocaine found hidden in bananas

Three people have been charged in the United Kingdom,after they allegedly attempted to traffic nearly $100 million worth of cocaine in a container of bananas, British authorities said, marking the latest instance of the illicit drug being found hidden in a shipment of the fruit. Joshua Berry, 28, Daniel Dumitru, 37, and Andrew Smyth, 46, … Read more