What to know about actuaries — the professionals who predict the financial future of companies with math and science

Although actuaries often work for insurance companies, they’re also employed by hospitals, banks, and even investment firms. Eva-Katalin/Getty An actuary is a professional who analyzes risk using statistics to help companies remain profitable. An actuary creates risk categories that companies use to avoid undesirable outcomes. Actuaries design models to minimize the damage when undesirable events…

Understanding what financial advisors do and how they help clients better manage their money

How much a financial advisor costs will depend on what you’re looking for. Ariel Skelley/Getty A financial advisor is a professional who gives advice about managing your money to reach financial goals.Financial advisors are not regulated, though ones who provide investing advice and services must register with their state or federal regulatory bodies.Financial advisors offer…

Bill Gates says his pledge to give away his wealth will erase him from list of the world’s wealthiest people

Bill Gates at the COP26 climate conference in Glasgow, Scotland on November 2, 2021 Jeff J Mitchell/Pool/Getty Images Bill Gates said he will one day be knocked off the list of the world’s richest people. The billionaire said he plans to give away “virtually” all of his wealth to his charity foundation. Gates tweeted that…

24 actually good Prime Day deals under $100: AirPods, Phillips Hue light kits, and Casper pillows

When you buy through our links, Insider may earn an affiliate commission. Learn more. The stuff on your wishlist that’s just a little too pricey just got discounted. Explore the best Amazon Prime Day deals under $100. Amazon Day two of Amazon Prime Day 2022 is officially on, and we’re seeing more deep discounts on…

With a possible recession on the horizon, entrepreneurs are reevaluating how much to pay themselves

Entrepreneurs who raised between $1 million and $5 million paid themselves an average of $96,700, a 2021 report found. Morsa Images/Getty Images Some founders are thinking about how a recession could impact their own pay. A 2021 report found that some entrepreneurs pay themselves six figures while others earn no salary. To prepare for a…

Delta chartered an Airbus A330 jet just to get 1,000 bags stranded in Europe back to customers in the US

Delta A350-900. Oleh Yatskiv/Shutterstock Delta Air Lines chartered an Airbus A330 jet carrying 1,000 delayed bags to deliver to customers. The charter flew from London to Detroit after a regularly scheduled flight was canceled. US airlines lost, damaged, or delayed about 220,000 bags in June 2022 — a 135% increase from 2021. Lost luggage is…

Purchase power is a measure of what your money can buy — here’s how it can impact your finances

Purchase power can play an important role in national and local policymaking. RgStudio/Getty Images Purchasing power refers to how much you can buy with a unit of currency, such as a dollar.If your purchasing power drops, your money may become less valuable or useful over time.Inflation impacts purchasing power, but changing wages can also impact…

A Capitol rioter was sentenced to 5 months in prison after cross-checking police with a lacrosse stick on January 6

Police body-cam footage showed David Blair confronting police in a skull-themed neck gator. US attorney’s office in Washington, DC A judge said David Blair came to the Capitol “primed for a fight” on January 6, 2021. Prosecutors accused Blair of shoving police with a lacrosse stick affixed with the Confederate flag. Blair pleaded guilty in…

Amazon’s excellent Echo Buds are on sale for $50 off their normal price during Prime Day

Amazon’s Echo Buds are on sale for Prime Day 2022. Amazon Compared to its competitors, Amazon’s second-generation Echo Buds might not be nearly as flashy. But they’re less than half the price for excellent sound quality — and that matters. That quality, along with noise cancellation features and a comfortable fit, make the second-generation Echo…