Kering shares sink 9% after profit warning on declining Gucci sales Shares of French luxury group Kering sunk 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. cnbc.com cnbc.com / feeds cnbc-com-top .. cnbc-com-world .. cnbc-com-wealth .. cnbc-com-europe .. cnbc-com-earnings / / #news / / 1 day 1d Share
Luxury real estate prices just hit an all-time record Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin. cnbc.com cnbc.com / feeds cnbc-com-top .. cnbc-com-real-estate .. cnbc-com-world .. cnbc-com-wealth .. cnbc-com-business / / #news / / 3 days 3d Share
Meet the private doctor to the wealthy -- at $40,000 a year The rise of family office-style medical practices reflects the surge in wealth and growing demand for hyper-personalized, data-driven health care. cnbc.com cnbc.com / feeds cnbc-com-world .. cnbc-com-wealth .. cnbc-com-business .. cnbc-com-health-care / / #news / / 3 days 3d Share
Here's where the world's top 0.001% are putting their money, according to wealth experts There are about 28,420 centimillionaires globally, largely concentrated in New York City, the Bay Area, Los Angeles, London and Beijing. cnbc.com cnbc.com / feeds cnbc-com-top .. cnbc-com-world .. cnbc-com-entertainment .. cnbc-com-wealth .. cnbc-com-finance / / #news / / 3 days 3d Share
Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand. cnbc.com cnbc.com / feeds cnbc-com-top .. cnbc-com-business .. cnbc-com-wealth / / #news / / 8 days 8d Share
State tax officials are using AI to go after wealthy payers New York state is sending out AI-generated letters looking for tax revenue, many of them focused on remote work or a change in tax residency. cnbc.com cnbc.com / feeds cnbc-com-top .. cnbc-com-wealth .. cnbc-com-business / / #news / / 10 days 10d Share
The rich are getting second passports, citing risk of instability The top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy, according to a leading law firm. cnbc.com cnbc.com / feeds cnbc-com-top .. cnbc-com-world .. cnbc-com-entertainment .. cnbc-com-business .. cnbc-com-wealth .. cnbc-com-europe / / #news / / 15 days 15d Share
The wealth of the 1% just hit a record $44 trillion Economists say the rising stock market is giving an added boost to consumer spending through what's known as the "wealth effect." cnbc.com cnbc.com / feeds cnbc-com-top .. cnbc-com-business .. cnbc-com-world .. cnbc-com-wealth / / #news / / 28 days 28d Share
Winning ticket for Mega Millions $1.128 billion jackpot sold in New Jersey -- here's how much the winner will owe in taxes A single ticket in New Jersey won the $1.128 billion Mega Millions jackpot. Here is how much the winner will owe in taxes. cnbc.com cnbc.com / feeds cnbc-com-wealth .. cnbc-com-personal-finance / / #money / / 28 days 28d Share
Mumbai overtakes Beijing to become Asia's billionaire capital for the first time Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute's global rich list. cnbc.com cnbc.com / feeds cnbc-com-entertainment .. cnbc-com-world .. cnbc-com-wealth / / #entertainment / / 29 days 29d Share