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Economists have a term for spending on things you can't recoup your money from; they're called "sunk costs." Sunk costs are expenses that have already been incurred and cannot be recovered ...

Though many ships were lost during the dozens of engagements in the Pacific waters, it was at Midway that the most aircraft ...

Photo: HD Hyundai Heavy Industries WASHINGTON—China’s newest nuclear-powered attack submarine sank in the spring, a major setback for one of the country’s priority weapons programs ...

The resulting decision can either save a business or sink it. The sunk cost fallacy often muddies this inflection point—a psychological trap that tempts owners to chase poor investments or ...

Satellite imagery showed that China's newest nuclear-powered attack submarine has sunk alongside a pier while under construction, a senior US defence official has said. China’s first Zhou-class ...

If you’re planning to hit the road with an RV, make sure you have the right insurance plan. A travel trailer, could be covered by your existing auto insurance policy. But a motorhome generally ...

Tim Maurer covers how personal finance is more personal than finance. Sunk cost, opportunity cost, and the endowment effect. You may expect these textbook-weight words to show up in the classroom.

Everyone knows the story of the Titanic, the opulent British ocean liner that struck an iceberg and sank. But it's likely you have never heard of the Cap Arcona, a German version of the Titanic.

A new Chinese nuclear-powered submarine sank at a shipyard near Wuhan earlier this year, The Wall Street Journal reported, in an apparent setback to the country’s expanding naval ambitions as it seeks ...

That’s where finding the right financing comes into play. We reviewed 16 different lenders and rounded up the five best RV loans to help you enjoy more time on the road with less stress.

Despite such all-consuming coverage, one major player in the disaster is often overlooked - the iceberg that sank Titanic. Ice Engineer Claude Daley explains how icebergs change personality at sea.