Wealth

Prasit photo | Moment | Getty Images The U.S. wealth management industry is poised to grow by about 5% annually over the next five years, while certain segments of the investor population are positioned to see the biggest boost, according to a new report from McKinsey & Company. Three investor sub-groups, in particular, are showing

In this article KER-FR Shoppers wait in line to enter a Gucci store on Fifth Avenue in New York, U.S., on Saturday, May 22, 2021. Victor J. Blue | Bloomberg | Getty Images LONDON — The chief executive of French luxury group Kering expects fashion label Gucci to continue to deliver growth for the company

Odds are high that you know at least one millionaire. More than 1% of the world’s adults have enough assets to fit the definition, according to the Credit Suisse 2021 Global Wealth Report. Chris Hogan, radio host and author of the book “Everyday Millionaires,” surveyed more than 10,000 of those wealthy individuals to figure out

In this article TSLA SpaceX founder and Tesla CEO Elon Musk holds a helmet as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk unleashed a torrent of stock sales, options exercises, tax payment sales and gifted shares last year totaling nearly

Florist Betty Sejas arranges red roses at Company Flowers in Arlington, Virginia, on Feb. 8, 2022. Saul Loeb | AFP | Getty Images Not even Cupid is immune from inflation’s sting this Valentine’s Day. As consumer prices climb to historic highs, nearly all of the trappings of Feb. 14 cost more in 2022. The average price

Valentine’s Day is almost here, and marriage is all the rage. According to the Wedding Report, there will be some 2.5 million weddings this year — the most since 1984. As an economist, I’m all for it: Marriage beats partnering long-term. I’m no expert on how to meet the love of your life; my goal

LONDON, UNITED KINGDOM — FEBRUARY 03: The 555.55 Carat Black Diamond known as “The Enigma” is seen at British auction house Sotheby’s, in London, United Kingdom on February 03, 2022. Anadolu Agency | Getty Images LONDON — A billion-year-old black diamond, which is thought to be the largest cut in the world, was bought using

People shop at a Los Angeles retail outlet on Jan. 28, 2022. FREDERIC J. BROWN | AFP | Getty Images High inflation overshadowed a big increase in wages over the past year, amounting to a nearly 2% smaller paycheck for the average worker, according to federal data published Thursday. Employers have raised wages at about

Another day — another border reopens.       In the past two weeks, a slew of countries announced plans to reopen or relax border restrictions. This includes places that have maintained some of the strictest pandemic-related border controls in the world.  The announcements come on the heels of a record-setting period of global infections. According to

After 13 years on ABC’s “Shark Tank,” Kevin O’Leary has learned a few things about what makes a great pitch. The obvious ones, he says, are to speak concisely and explain how your skillset benefits your business. But there’s something more crucial that many CEOs miss, he says: showing an understanding of the business’ finances,

Peloton’s new CEO is joining the fitness company at a difficult time. Exercise bike sales are slowing, stock price is declining and takeover rumors are swirling. On Tuesday, the company announced plans to cut 20% of its corporate positions. But new chief executive Barry McCarthy has a history of helping transform companies. McCarthy, 68, is

Klaus Vedfelt | DigitalVision | Getty Images The wealth gap between Black and white Americans has been persistent. That gap, of course, reveals the effects of accumulated inequality and discrimination. Despite certain gains in income and wealth for Black families in America, white families often have a net worth up to 10 times higher. Discriminatory

The Chateau de Chambord, in the Loire Valley region of France. DEA / C. SAPPA | De Agostini | Getty Images France and Italy are home to some of the most storied castles, palaces and grand homes in the world, ranging from Loire Valley chateaux to Sicilian strongholds and French Riviera mansions. Many are available

Adriana Gamez restocks rose bouquets at California Flowers in downtown Los Angeles on Feb. 12, 2021. Dania Maxwell | Los Angeles Times | Getty Images They say love doesn’t cost a thing, but Valentine’s Day is a different story. For starters, anyone going on a date on the Feb. 14 holiday can expect to pay top dollar

It’s time to let the young, healthy and “anyone who wants to move on” from the pandemic do so, said Dr. Stefanos Kales, a professor at Harvard Medical School. In a paper posted on LinkedIn last month, Kales said that for the majority of children and adults, “Covid-19 is not a serious threat, only a

In this article VRM Vroom Online used-car retailer Vroom will advertise during the Super Bowl for a second consecutive year, with the help of pop singer and dance choreographer Mandy Moore. The 30-second spot called “Flake” continues Vroom’s theme from last year about “flipping” car buying and selling on its head — but in an

Ferrari logo Dean Mouhtaropoulos Ferrari has a lot riding on its much anticipated and hotly debated SUV, called the Purosangue, to be unveiled later this year. Ferrari CEO Benedetto Vigna said the new SUV is “astonishing to drive.” “I’ve driven it several times in the hills of Maranello,” Vigna told analysts and reporters on an

Job hunters have the upper hand in the current competitive job market, and Kevin O’Leary says they should make sure to take advantage. With employees quitting their jobs at record rates and employers competing to hold onto top talent, the “Money Court” judge and O’Shares ETFs chairman tells CNBC Make It that now is a

lvcandy | DigitalVision Vectors | Getty Images Sales of real estate in the metaverse topped $500 million last year and could double this year, according to investors and analytics firms. Real estate sales on the four major metaverse platforms reached $501 million in 2021, according to MetaMetric Solutions. Sales in January topped $85 million, the

Experian, one of the big three credit bureaus, has launched a new feature on its app that allows consumers with “invisible” credit histories to build a credit report, using transactions not typically included in scoring. Experian says its new program, Experian Go, targets the nearly 50 million consumers who have a nonexistent or limited credit