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Stock futures fall on Monday morning after S&P 500's worst week since September: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq futures fall following S&P's worst week since September Yahoo FinanceStocks Poised for Lower Open Barron'sDow Jones Futures Fall; Trump Won't Rule Out Recession Amid Stock Market Tariff Slump Investor's Business Daily
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U.S. stock futures fell Sunday, as President Donald Trump offered little reassurance after the S&P 500 had its worst week since September.
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Topic: MediaIn the young Olympic event of "speed climbing," Sam Watson (USA) set two new world records, breaking his own previous world record. For that, he got the Bronze medal. The reason he did relates to some concepts I have been mulling over about what makes a good spectator event. The Olympics are the rare time when a whole bunch of sports that are generally relatively obscure become big-audience, big-advertising events. Spectator sports are sports as entertainment, but they are also still athletic.
Watson got the bronze because speed climbing is run in the "pyramid" or "playoff" style where two climbers "race" and the winner of the race advances or gets a point. This is a common style used in lots of sports, and in most of the "mega" spectator sports that get 90% of the audiences and money (Football, Baseball, Basketball, Hockey, American Football, Cricket etc.) Watson set one new WR in the early rounds, but he had a minor stumble in the semi-finals so he missed the gold medal "round" and in his bronze metal match set a new WR that was not matched in the official goal medal match.
The problem is this -- there's really no "match" aspect to this particular sport. The two climbers are really just racing against a clock, and the fastest time wins. They rarely glance at their opponent, and while they may have some peripheral perception, in a good run they are racing only the clock. (If an opponent has a very poor run, and falls or stumbles majorly, a climber might notice that and slow down and be more careful, now that a win is assured for them if they
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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