Kering shares sink 9% after profit warning on declining Gucci sales
CNBC » Wealth
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18h ago
Shares of French luxury group Kering sank more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane ..read more
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Luxury real estate prices just hit an all-time record
CNBC » Wealth
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2d ago
Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin ..read more
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Meet the private doctor to the wealthy — at $40,000 a year
CNBC » Wealth
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2d ago
The rise of family office-style medical practices reflects the surge in wealth and growing demand for hyper-personalized, data-driven health care ..read more
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Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
CNBC » Wealth
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1w ago
Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand ..read more
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The rich are getting second passports, citing risk of instability
CNBC » Wealth
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1w ago
The top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy, according to a leading law firm ..read more
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The wealth of the 1% just hit a record $44 trillion
CNBC » Wealth
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1M ago
Economists say the rising stock market is giving an added boost to consumer spending through what's known as the "wealth effect ..read more
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Winning ticket for Mega Millions $1.128 billion jackpot sold in New Jersey — here’s how much the winner will owe in taxes
CNBC » Wealth
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1M ago
A single ticket in New Jersey won the $1.128 billion Mega Millions jackpot. Here is how much the winner will owe in taxes ..read more
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Mumbai overtakes Beijing to become Asia's billionaire capital for the first time
CNBC » Wealth
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1M ago
Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute's global rich list.  ..read more
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An 'often overlooked' retirement savings option can lower your tax bill, advisor says. Here's how it works
CNBC » Wealth
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1M ago
There's still time to lower your 2023 tax bill or boost your refund with a spousal IRA for married couples. Here's who qualifies ..read more
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Mega Millions jackpot hits $1.1 billion — and the big winner could face these costly pitfalls
CNBC » Wealth
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1M ago
The Mega Millions jackpot hit an estimated $1.1 billion, the fifth-largest prize in the game's history. The winner could face these pitfalls, experts say ..read more
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