In one day, 433 people won the Philippine lottery jackpot. What were the chances? On October 1, 2022, something strange ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Since Russia’s invasion of Ukraine four months ago, a question that keeps popping up in conversation with colleagues – and with relatives, from Washington to Paris – is: Should they get out of town ...

BUFFALO, N.Y. (WIVB) — In a typical forecast, you often hear or see the words “probability of precipitation.” This value is given as a percentage. Although this value is frequently seen and used, ...

The range of forecasts is wide, but economists generally see a rising probability that the U.S. economy will shrink. By Isabella Simonetti and Jason Karaian High inflation, rising interest rates, ...

Federal Reserve Chairman Jerome Powell said the central bank’s goal is to reduce inflation to 2%. The Fed approved a 0.75-percentage-point rate rise Wednesday, the largest interest rate increase since ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Joint probability teaches us to calculate combined outcomes.