Wealth

Activist investor Nelson Peltz has no intention of pursuing a shakeup at Club holding Estee Lauder (EL), in part because the prestige beauty firm’s dual-class share structure gives the Lauder family outsized control over the direction of the company, Jim Cramer said Monday . Jim’s comments came in response to a New York Post story

In this article GS GSBD Follow your favorite stocksCREATE FREE ACCOUNT A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2023.  Brendan Mcdermid | Reuters At a time when many investors are pulling back, family offices are moving into “risk on” mode, with plans

The World Travel & Tourism Council says the global travel and tourism sector won’t fully recover this year — but it will get close. The sector is forecast to reach $9.5 trillion in 2023, just 5% shy of the its gross domestic product contribution in 2019, according to the WTTC’s 2023 Economic Impact Research. After

Mark Cuban always tries to push himself out of his comfort zone, so it’s no surprise that he does the same for others. Cynt Marshall, CEO of the Dallas Mavericks, experienced it firsthand when Cuban cold-called her with a job offer in 2018, she recently told LinkedIn’s The Path newsletter. Marshall, 63, had left her

Before Chi Baik moved into her 240-square-foot studio in Seattle last year, she tells CNBC Make It she “didn’t even know they made apartments this tiny.” The open layout of the 26-year-old’s “micro” studio is enough to fit her queen-size bed and a dresser, with space under the bed for storage and a bed for

Oprah Winfrey has a highly decorated media career, winning 20 Emmy awards, a Tony award and a Peabody award, amongst many others. These feats may not have happened, however, if it wasn’t for a reality check from a college professor. Winfrey, 69, started her sophomore year with a career in education in mind, she told

Estimates put the cost of King Charles coronation at between £50 million and £100 million ($63-125 million). Future Publishing | Getty Images LONDON — The eyes of the world will be on the U.K. this weekend as King Charles III is crowned at Westminster Abbey in a quintessentially British display of pomp and pageantry. The

In this article RACE-IT RACE Follow your favorite stocksCREATE FREE ACCOUNT Ferrari Roma Source: Ferrari Ferrari said on Thursday that its first-quarter profit jumped 24% to 297 million euros ($328.8 million), on a 10% increase in shipments as huge demand for its latest models drove a surge in profitability.   “Our order book already extends

In this article TSLA AMZN Follow your favorite stocksCREATE FREE ACCOUNT Richard Branson on board Virgin Galactic’s VSS Unity in July 2021. The billionaire believes the environmental costs of space travel are set to “come down even further.” Virgin Galactic | via Reuters British billionaire Richard Branson believes space travel can be beneficial for the

Many folks once scoffed at the idea that people would rent their homes to strangers — including Airbnb co-founder and CEO Brian Chesky’s own mother. That’s according to Chesky, who told the story at a recent Stanford Graduate School of Business event. As he recounted, he was a 20-something industrial designer, struggling to pay rent.

Barbara Corcoran says the “biggest negotiation of her entire life” came from pure luck. The millionaire investor on ABC’s “Shark Tank” recently took to TikTok to dish about selling The Corcoran Group, a real estate firm she founded at age 23. Nearly three decades later, she flipped it to brokerage firm NRT for $66 million.

A pedestrian wearing a face masks crosses an empty street amid the coronavirus outbreak in San Francisco, California. Liu Guanguan | China News Service via Getty Images New York and California lost over $90 billion in income during Covid as taxpayers moved to other states, accelerating the trend of high-earners relocating to lower-tax areas. New

Valentinrussanov | E+ | Getty Images The 2022 federal tax deadline has passed for most Americans, but another key date is approaching for past-due filers. If you’re one of the nearly 1.5 million people with an unclaimed tax refund from 2019, the last chance to file your return is July 17, according to the IRS.

A decade ago, a person who walked into a restaurant in Seoul and asked for “han myung-I” —a table for one — could be declined service.   That’s because restaurants in South Korea prefer groups of two or more, owing to a complex mix of local social dynamics, profit margins and simple logistics — a

Mark Cuban isn’t happy with Twitter right now. The billionaire entrepreneur and investor says his follower count on the social media platform is declining by 800 to 1,000 each day, and that his tweets are reaching “considerably” fewer people than they did a few months ago. And his experiment to fix the problem — paying

In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT United Airlines Seatbacks Courtesy: United Airlines United Airlines‘ plan to revamp the cabins on its older narrow-body planes is running behind schedule because of supply chain strains, the carrier told CNBC this week. The upgrades include bigger premium cabins, seat-back entertainment screens throughout the planes,

Mark Cuban is riled up about Twitter’s new subscription protocol. The billionaire investor and owner of the NBA’s Dallas Mavericks recently took to Twitter to air his grievances and present ideas, after the platform removed blue checkmarks from countless previously verified accounts. Cuban wrote that Twitter CEO Elon Musk botched a marketing opportunity, and could

A beachfront residence is seen in East Hampton, New York. Jeffrey Basinger | Reuters The average price for a house in the Hamptons hit a record $3 million in the first quarter, highlighting a shortage of trophy beach homes for sale and the resilience of wealthy buyers. The average sales price in the New York

Willie B. Thomas | DigitalVision | Getty Images Financial stability is a concern for many older Americans, and challenges can be greater among marginalized groups such as elders in the LGBTQ+ community. But a free financial literacy app called SAGECents is looking to change that. LGBTQ+ Americans are less likely to feel confident about having enough

Bill Gates believes there’s only one way to know if you truly understand a subject: Can you explain it to a child? The billionaire Microsoft co-founder’s lifelong love of math was put to the test when he tried explaining mathematical concepts to his then-school-aged children — and, it didn’t always go smoothly, Gates said in