Fed meeting and inflation report both hit Wednesday, and the impact could be huge
A one-two punch starts in the morning with the pivotal consumer price index reading for May, ending with the Fed's policy meeting in the afternoon
UK GDP flatlines as PM Sunak pins election campaign on economy
Economists polled by Reuters had expected growth to flatten, after the economy expanded by 0.4% in March.
Inflation slows in May, with consumer prices up 3.3% from a year ago
The consumer price index was expected to increase 0.1% on a month basis and 3.4% from a year ago.
China’s Shenzhen metropolis sees fastest growth in millionaires globally
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth...
Shares of Cartier owner Richemont climb on record full-year sales, new CEO
Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia-Pacific spending waned.
‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars
Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.
Family offices become prime targets for cyber hacks and ransomware
With their large wealth and small staffs, family offices have become lucrative targets for hackers and cybercriminals, experts say.
Palm Beach housekeepers are making $150,000 a year due to massive demand from the wealthy
The mass wealth migration to Florida from New York and other high-tax states has created record demand for household staff in elite Florida enclaves.
The 10 books the rich will be reading this summer
The list includes books on effective communication, AI, Formula One, whiskey, hidden vacation spots and the art collection of Alicia Keys and Swizz Beatz.