Snow Bai

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Silicon Valley
Xi Jinping

Who's getting rich off the stock market?

The United States is enjoying one of the best stock market surges in its history. But the phenomenal gains in recent years are going mostly to white, college-educated individuals who are already pretty well off.<p>Only 49% of Americans have any money in stocks at all, according to the latest data from …

Retirement savings gap widens between rich and poor

When it comes to retirement savings, the gap between the rich and poor is growing dramatically.<p>Last year, the typical 55- to 64-year-old household had just $111,000 saved in their 401(k)s and IRAs, which would translate into just $500 a month in retirement income, according to a report from Boston …

It's official: Alibaba prices at $68

Alibaba, the Chinese e-commerce giant, secured its place in history Thursday as the largest U.S.-listed initial public offering (IPO) of all time.<p>The stock priced at $68 per share. That's at the top of the expected range, signaling strong demand.<p>Only large investors like hedge funds are typically …