PUBLIC, PRIVATE & SPECIAL SITUATION INVESTMENTS

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matters of wealth

Intelligent, Informed Decisions

As your goals evolve, our customized solutions adapt but remain focused on your priorities.

Meticulous Service

We offer total commitment to delivering on all your needs with consistency and discretion.

Creative Connections

Mutual benefits are created when we connect dynamic people with each other and with exciting opportunities.

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Galliott Capital Advisors was founded to provide advisory solutions to address the complex international, multi-jurisdictional and financial challenges, facing the multigenerational families we support.

We invite you to begin a private client relationship defined by service, driven by trust.

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We educate our clients with direct, curated commentary from our team on economic and market news.

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We share external news and analysis from trusted sources to provide context for the complex financial decisions our clients face.

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About Galliott

Sophisticated entrepreneurs and their families call on Galliott Capital Advisors to provide comprehensive stewardship of all their financial affairs.

The Galliott team offers a private banking level of personalized service, integrity, a tireless work ethic, and above all, discretion.

We are a globally oriented practice that understands the cultural sensibilities of our cosmopolitan clients and have managed their complex, multigenerational financial needs for more than 20 years.

We work with clients who typically maintain their primary residences abroad. With the convenience of our local presence, we bring the world of financial opportunity within their reach.

In essence, our services create a virtual or extended family office for our clients.

Our mission is to enrich the lives of our clients by helping them obtain the objective advice, bespoke service, intelligent solutions, or valuable introduction they need to pursue the opportunities and goals they desire.

Named for a quick and nimble sailing ship, Galliott Capital Advisors emphasizes the speed and reliability of serving the needs of your lifestyle today and delivering on your legacy for tomorrow.

Dedicated Team

The Galliott team is dedicated to understanding the values and goals of our clients and their families. The culture of our firm — to serve and to offer solutions — reflects the respect that our clients deserve.

There’s an inherent global sensibility to both my career and my personal outlook on life, and it all ties back to my nomadic upbringing.  I was born in Lebanon but attended boarding school in France. Then I earned both my undergraduate and post graduate Degrees in Economics from the London School of Economics and Political Science. When it was time to begin my career and start a family, I moved to the United States. The opportunity to live in these countries and absorbing their diverse cultures, truly prepared me for the path I would embark on in financial services. After 20+ years, it has led me here, to owning my own firm, Galliott Capital Advisors.

Before launching Galliott in 2020, I was a founding member of The Souma Group at Morgan Stanley Private Wealth Management, where I served as a Private Wealth Advisor, Managing Director. Prior experience included my roles as Managing Director at J.P. Morgan Securities, and Vice President at Deutsche Bank and UBS Financial Services where I first started.

I’ve been very fortunate to be recognized several times during my career, first, in 2012, as one of Barron’s Top 1,000 Advisors, then in both 2015 and 2016, as one of Barron’s Top 100 Advisors.

I do believe that I’ve been blessed with “smart luck” in that, by applying my education and experience along with my appreciation for global cultures and business, I’ve created opportunities to serve many wonderful clients. Together we share a drive for success, and my commitment to honor them with professionalism, integrity and discretion has led to longstanding relationships.

Creating my own firm is a fulfillment of my desire to best serve the financial well-being of my clients by safeguarding their assets and supervising the management of their wealth with sound judgment, prudence and genuine care.

Licenses: Series 7, 63, 65, life and health insurance, NMLS (nationwide mortgage)

Having worked directly with Antoine Souma for more than 15 years in financial services, I am proud to serve today as Galliott’s COO. Prior to Antoine founding his independent firm, I was his Director of Business Strategy for The Souma Group at Morgan Stanley Private Wealth Management, which I joined in 2016. There, I served as the chief operating officer of the team and managed our alternatives strategies. When we worked together at J.P. Morgan Securities, I was an Investment Associate and served as The Souma Group’s head of fixed income trading. Earlier in my career, I worked at Deutsche Bank and UBS Financial Services. Over the years, as my experience grew, I have been thrilled by the opportunity to work on Antoine’s team, taking on greater responsibility as we continually evolved our capabilities. When I graduated from the University of Southern California with a B.S. in Corporate Finance, I may not have foreseen the path my career would take, but I am so grateful to the journey, culminating now with Galliott and all we can do for our clients.

Series 7 and 66 licenses

I’m proud to help Galliott’s clients every day by applying my 20 years of experience within the financial services industry. As the Chief Administrative Officer, I’m responsible for the client service platform, domestic and international account opening, due diligence, account maintenance, cash management and lending account maintenance. I have been part of the team since 2011, first at J.P. Morgan Securities, then at Morgan Stanley, where I was a Wealth Management Associate. I began my career as a client service associate at UBS Financial Services, and later worked at Deutsche Bank.

Series 7 and 66 licenses

In my role as Operations Manager, I believe that I bring a diverse and valuable set of skills to Galliott – first, because of my experience: more than 15 years in world relations, customer service, sales and distribution. But also because of the places I’ve called home. I have lived in both Rio de Janeiro and Mexico City, where I used my multi-lingual expertise to immerse myself in the culture of each city and its people. This experience taught me how to connect with people and communicate with them in a truly understanding way. And this has enabled me to serve our clients very effectively. I graduated from the Mihaylo College of Business and Economics at California State University, Fullerton, where I specialized in International Business. After Mihaylo, I pursued my passion for client relations by joining The Souma Group at Morgan Stanley Private Wealth Management, where I supported the team’s sales, wholesale distribution and administration.

Series 7 and 66 licenses

As the analyst of the Galliott team, I am able to support our clients through identifying, screening and evaluating new investment opportunities in both public and private markets globally. I assist the team through investment analysis either through financial models, investment memorandums or analysis of market and industry trends. This includes quantitative and qualitative data analysis and industry research. I am relied upon for due diligence of new investment opportunities, including market research, competitive analysis, and valuation. I also prepare portfolio reports to monitor and track the financial and operating performance of client holdings, both traditional and alternative. I graduated from University of Southern California with a B.A. in Economics.

Series 7, Series 66

Our Specialist Partners

We enrich our service offerings by collaborating with experienced partners whose fields of expertise align with our clients’ needs, as well as our team’s culture of dedication and discretion. These partners provide insightful guidance on areas ranging from compliance to taxation, from real estate to private equity, and so much more.

Distinctive Service

Galliott Capital Advisors serves as a conduit to the capabilities and intellectual capital required to effectively manage the complex nature of significant wealth. We further support our clients through an elevated service promise that, ensures their every need will be met.

Sensitive to the wide-ranging challenges our clients face, Galliott has built an array of resources to address the concerns of today’s wealthy families.

  • Public Markets Investment Management
  • Private Markets Investment Management
  • Direct Investments
  • Financial Administration
    1. Tax Accounting
    2. Trust and Entity Support services
  • Aircraft and Yacht Advisory Services
  • Art Advisory Services
  • Home Advisory Services
  • Property and Casualty protection
  • Life Insurance
  • Personal, Home and Cyber Security
  • Health Advisory and Advocacy
  • Family Governance
  • Philanthropy
  • Travel and Luxury Vacations
  • Exclusive Experiences
  • Tickets to shows and events
  • Personal interests

Our clients have already created significant wealth, so they look to us to help them protect and safeguard it through prudent wealth preservation strategies.

Our prescribed solutions typically include highly customized investment portfolios that incorporate opportunities and solutions sourced from both traditional and alternatives platforms, as we have access to a virtually unlimited array of products.

This access illustrates the practical advantage of working with an independent advisor. Perhaps more importantly, however, is the freedom Galliott has to serve in a fiduciary capacity as a financial steward, aligning customized solutions with a client’s personal values. Our clients’ best interests are our top priority, ahead of all others, and fulfilling their objectives is our only agenda.

As a source of trust and discretion for our clients, we help them navigate their financial decisions by balancing the opportunity of innovative solutions with old-world values.

News & Insights

We are committed to informing and educating our clients on topics relevant to their financial affairs, from world economic matters to personal wealth management issues. We are always available to discuss the news items or commentary posted here.

Sourced News Items

September 14
2021

DataRobot Propels Intelligent Business Forward with Launch of “DataRobot AI Cloud”

DataRobot today unveiled DataRobot AI Cloud, a unified environment built for the next generation of intelligent business. DataRobot AI Cloud serves as a single platform to accelerate delivery of AI to production for every organization. DataRobot also announced new features and capabilities for DataRobot AI Cloud to enhance operations in production and easily build AI-powered applications to deliver critical business insights.

September 14
2021

Inflation Eased in August, Though Prices Stayed High

Consumer-price index rose 5.3% from a year before as supplies and labor continued to drive up prices

September 12
2021

El Salvador Runs a Bitcoin Scam

The cryptocurrency as obligatory legal tender undermines dollarization.

September 10
2021

Bitcoin to Bucks: Crypto Fans Borrow to Buy Homes, Cars—and More Crypto

Upstart lenders make it easy to take out loans backed by cryptocurrency holdings. Regulators are watching.

September 9
2021

Most expensive home in America defaults on $165 million in debt, heads for sale

A Los Angeles megamansion once expected to list for $500 million has gone into receivership after the owner defaulted on more than $165 million in loans and debt, according to court filings. The 105,000-square-foot Bel Air estate, known as “The One,” was placed into receivership and is expected to be relisted at a lower price. The receivership marks a stunning reversal for “The One” and its flashy developer, Nile Niami, who often touted the property as his “life mission.”

September 8
2021

Bill Gates Takes Control of Four Seasons in Deal With Saudi Prince Alwaleed

Cascade Investment to pay Kingdom Holding $2.2 billion in cash Saudi Prince’s firm will retain a 23.75% stake in hotel chain

September 8
2021

2021 BNP Paribas Open Announces Player Entry Lists for First-Ever Fall Edition of Tennis Paradise

World No. 1s Novak Djokovic and Ash Barty, Surging Stars Medvedev, Sabalenka, Zverev, Andreescu and Teenage Phenoms Alcaraz, Fernandez, Gauff Ready for Center Stage in the Desert

September 8
2021

Coinbase Says SEC Is Investigating Its Crypto Lending Program

Crypto company’s chief executive criticizes regulator in series of tweets

September 5
2021

Goldman Hires Citigroup, HSBC Bankers as Mideast Deals Surge

Goldman Sachs Group Inc. is hiring bankers from rival firms Citigroup Inc. and HSBC Holdings Plc as the U.S. lender seeks to expand its business in the Middle East amid a surge in deals from the region.

September 3
2021

Jobs slowdown puts Fed’s taper timeline in doubt

Analysts predict US central bank could hold off announcing withdrawal of stimulus until end of the year

September 3
2021

U.S. Hiring Slowed Sharply in August

Economy added 235,000 jobs as the Delta variant appears to be weighing on consumer confidence and spending

August 28
2021

How This Master Sommelier Became a Game-Changing Napa Valley CEO

Carlton McCoy Jr.'s rise to the top of the wine world's elite is far from the only remarkable thing about him.

August 27
2021

What Is the Future of Crypto Investment Among Family Offices?

London-based firm of billionaire Simon Nixon set to increase allocation to crypto

August 24
2021

Rafael Nadal’s Sunreef Yacht Is Heading to the Monaco Yacht Show—and You Can Climb Aboard

The yard is holding pre-arranged viewings of the tennis star's prized power cat from September 22-25.

August 24
2021

The 17 Most Important California Vineyards All Wine Lovers Need to Know

A great trick for buying the best bottles of California wine? Memorizing the names of top vineyards so you can spot them on labels.

 

August 23
2021

S&P 5,000?

In the wake of such a powerful rally, it’s natural to ask if US stocks still have upside potential. UBS believes they do and have introduced a year-end 2022 price target of 5,000 for the S&P 500—representing nearly 13% upside.

August 21
2021

How to Maximize Your Points and Miles When Flying Private

Some cards let travelers redeem points through spending to cover purchases—either as a statement credit or to "erase" eligible purchases.

August 20
2021

Here’s why the ultra-wealthy like Bill Gates and Thomas Petterfy are investing in U.S. farmland

The U.S. Department of Agriculture estimates that 30% of all farmland is owned by landlords who don’t farm themselves. Buyers often purchase land from farmers who have owned it for decades; many of whom may be asset rich but maybe cash poor.

August 20
2021

Gusto Secures A $10 Billion Valuation Tailwind As Its HR Software Sails Toward IPO

Gusto CEO Josh Reeves tells Forbes his company closed on a $175 million funding round in recent weeks.

August 19
2021

The Weeknd Buys $70 Million Mansion in One of L.A.’s Biggest Deals of the Year

The ‘Take My Breath’ singer bought the swanky Bel Air spread in an off-market deal

August 17
2021

Private Jet Prices Are Climbing as First-Time Buyers Increase Demand

First-time owners have pushed demand for preowned jets to new highs, while available supply is at historic lows. The result: Rising prices.

August 17
2021

The 10 most expensive cars that sold at Monterey Car Week

The top seller of the week was a 1995 McLaren F1 sold by Gooding & Co. for $20.5 million, making it the most expensive car to sell at auction since 2018. The 35% increase in total sales was largely the result of higher-quality cars and higher prices. The auctions had 25% fewer cars than 2019. The sell-through rate, or percentage of cars up for auction that sold, surged to 80%, up from 59% in 2019, according to Hagerty.

August 17
2021

It’s a Wine Store for Billionaires, But You Can Shop There Too

Hedonism in London is a paradise for lovers of fine wine

August 13
2021

These People Who Work From Home Have a Secret: They Have Two Jobs

When the pandemic freed employees from having to report to the office, some saw an opportunity to double their salary on the sly. Why be good at one job, they thought, when they could be mediocre at two?

August 13
2021

These People Who Work From Home Have a Secret: They Have Two Jobs

When the pandemic freed employees from having to report to the office, some saw an opportunity to double their salary on the sly. Why be good at one job, they thought, when they could be mediocre at two?

August 13
2021

The Lambroghini Countach is Back - and it's a Hybrid

LamborghiniLamborghini unveiled its revamped Countach supercar at Pebble Beach this week, and as predicted, it’s rocking a little lightning under the hood.

August 13
2021

Our 35 Favorite Cars From the 2021 Pebble Beach Tour d'Elegance

The best and most beautiful cars that will be on the lawn at Pebble on Sunday take a long drive on Thursday.

August 12
2021

Forget Flying Cars. The World’s First Flying Motorcycle Is Coming.

The Speeder's design team said the sci-fi sky-bike recently passed flight tests. They expect it to be commercially available by 2023.

August 11
2021

The family that bet everything on bitcoin when it was $900 is now storing it in secret vaults on four different continents

Didi Taihuttu, his wife and three kids liquidated all of their assets to buy bitcoin back when it was trading at around $900. The Dutch family of five is safeguarding most of their crypto fortune in secret vaults across four different continents. “Cold wallets” are an increasingly popular way to store crypto coins, in order to protect against theft.

August 10
2021

DataRobot is Named to the 2021 Forbes Cloud 100

DataRobot, a leader in Augmented Intelligence, has been named to the Forbes 2021 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. DataRobot has secured the #34 spot on this year’s list.

August 10
2021

The 5 most expensive cars selling at Pebble Beach this week

More than $300 million worth of cars for the super rich come up for auction at Pebble Beach this week. Over 1,000 vehicles are expected to be auctioned off, according to Hagerty, the classic car insurance and collector services company. A 1995 McLaren F1, which originally retailed for under $900,000, is estimated to go for more than $21 million.

August 10
2021

Staying in Summer Style in Beverly Hills

The Courier surveyed 12 iconic hotels about new innovations, dining experiences and the ideal guest profile this summer.

August 8
2021

A Vintage Patek Philippe vs. Rothchild’s French Wine: Which Ages Better Over Time?

Can a high-end timepiece age better than a literal fine wine? Let's find out.

August 5
2021

How far does a chef have to go to be truly good?

Eleven Madison Park’s plant-based shift shows that however you define good, one thing’s clear: it’s no longer just about winning awards

August 5
2021

Moderna says its Covid vaccine booster produced ‘robust’ immune response against delta

Moderna said its Covid-19 vaccine booster shot produced a “robust” antibody response against the highly contagious delta variant. In a phase two trial, Moderna is testing a 50-microgram dose of three vaccine booster candidates in previously vaccinated individuals. The data has been submitted to a peer-reviewed journal for publication.

August 5
2021

Continuing jobless claims hit new pandemic-era low, falling below 3 million

Initial jobless claims totaled 385,000 for the week ended July 31, meeting estimates. Continuing claims declined to just below 3 million, the lowest total since March 14, 2020. A separate report showed the U.S. trade deficit hit its highest level ever and a more than 46% increase from a year earlier.

August 4
2021

This $50 Million California Mansion Comes With a Pool Where You Can Breathe Underwater

You can use the snorkeling and scuba diving system to play chess or listen to music at the bottom of the pool.

August 4
2021

French fund manager to launch first EU-regulated bitcoin tracker

Melanion Capital seeks to tap into booming crypto interest with new Ucits vehicle

August 2
2021

Funding to Saudi Arabia's start-ups rises 65% in first half of 2021

FinTech companies accounted for about a fourth of all funding deals in the kingdom, Magnitt report finds

July 30
2021

Five Things You Need to Know to Start Your Day

Amazon stumbles, Robinhood flops and delta rages.

July 29
2021

Digging Deeper into the Delta Variant

On this episode, we take a closer look at the Delta variant including infectiousness, possibilities of mutation, and whether we’re stuck with COVID-19 long-term.

July 29
2021

Finding the right amount of leverage for your portfolio

How leverage can be the best option to enhance returns and achieve your goals

July 29
2021

This Sleek New 180-Foot Superyacht Is Longest Steel and Aluminum Vessel in Its Class

That means it bypasses a whole heap of regulations.

July 29
2021

US economic growth weaker than expected in second quarter

GDP advanced 6.5% on annualised basis as strong consumption was offset by lagging private investment

July 28
2021

Robinhood's rescue: The VC deal that turned a crisis into one of 2021's biggest IPOs

When Robinhood came under fire amid the GameStop fiasco earlier this year, the company's IPO prospects would have been dim if not for an infusion of capital from its VCs. Within a matter of days, those investors structured a $3.5 billion convertible debt deal.

July 28
2021

Facebook beats earnings expectations, but warns of significant growth slowdown

Facebook surpassed analysts’ estimates for earnings and revenue in its second-quarter earnings report. CEO Mark Zuckerberg spent much of the company’s earnings call discussing his vision for the metaverse: a digital world Facebook is investing billions of dollars to create.

July 27
2021

Is Your Portfolio Positioned for These Three Megatrends?

Increased consumer spending, an expanding digital economy and an emerging class of millennial investors could power stocks in the years ahead. Learn how you can prepare.

July 27
2021

DataRobot is Acquiring Algorithmia, Enhancing Leading MLOps Architecture for the Enterprise

DataRobot, a leader in Augmented Intelligence, today announced the acquisition of machine learning operations (MLOps) platform, Algorithmia, further cementing DataRobot’s place as the preeminent provider of comprehensive solutions in the MLOps space, focused on bringing machine learning models into production.

July 27
2021

DataRobot Unveils Major Milestones, Including $300M Series G Funding Investment

DataRobot, a leader in Augmented Intelligence, today announced a $300 million Series G funding round to fuel platform innovation and enable DataRobot to bring the transformative impact of Augmented Intelligence to customers around the world.

July 27
2021

Apple’s iPhone hot streak is going to run into the global chip shortage

Apple reported a blowout quarter on Tuesday, driven by sales of iPhones, which were up 50% annually to $39 billion in sales. The iPhone is on a hot streak driven by last year’s release of the iPhone 12, which is the first significant iPhone redesign since 2017. But Apple now faces an issue that has snarled other automobile companies and smaller technology companies: an industrywide shortage of less-advanced chips.

July 27
2021

3 Megatrends for a Post-Pandemic Market

Increased consumer spending, an expanding digital economy and an emerging class of millennial investors could power stocks in the years ahead. Learn how you can prepare.

July 24
2021

FICO Score’s Hold on the Credit Market Is Slipping

Three-digit number has been linchpin of consumer-credit decisions, but banks are increasingly relying on their own scores

July 21
2021

Dominant delta sparks growth concerns

After reaching record highs a week ago, US equities and bond yields fell in tandem on Monday as rising case numbers of the more infectious delta variant of COVID-19 fueled concerns about the economic recovery.

July 20
2021

Home of the Week: This Historic, Spanish-Style California Estate Can Be Yours for $19 Million

The Roessler House in Palos Verdes Estates was the long-time home of the city’s influential first mayor.

July 20
2021

Coastal California Towns Steal Top Spots on Luxury Segment of WSJ/Realtor.com Index

Affluent buyers are drawn to space and privacy by the ocean, according to the ranking

July 16
2021

As private jet flying soars, so do traveler complaints

Nearly 20% of Private Jet Card Comparisons’ have experienced service letdowns in the past several months, according to a new survey

July 16
2021

The Weekly Fix: The Relentless Bond Rally; FAIT Club’s New Member

The ECB isn’t invoking FAIT (the Fed’s flexible average inflation targeting) with the strategy revamp it announced Thursday.

July 16
2021

Inside the $1.2 Million-a-Week Superyacht Magic Johnson Chartered for His Summer Vacation

The NBA legend and friends Samuel L. Jackson and LL Cool J are enjoying the Mediterranean in style.

July 14
2021

Brain Implant Lets Man ‘Speak’ After Being Silent for More Than a Decade

New research offers hope to people who have lost the ability to speak and marks a step toward devices that let people type by thinking

July 14
2021

Powell says the Fed is still a ways off from altering policy, expects inflation to moderate

Federal Reserve Chairman Jerome Powell said Wednesday the economy is “a ways off” from where it needs to be for the central bank to change policy. “Conditions in the labor market have continued to improve, but there is still a long way to go,” he said, adding that inflation has “increased notably” due mostly to temporary factors.

July 14
2021

Sourcegraph raises $125M Series D on $2.6B valuation for universal code search tool

Sourcegraph, a late-stage startup that wants to bring the power of search to code, announced a $125 million Series D investment today on a $2.625 billion valuation, a 3x growth from its previous valuation in December 2020, according to the company.

July 13
2021

America’s Top States for Business 2021

To rank America’s Top States for Business in 2021, CNBC scored all 50 states on 85 metrics in 10 broad categories of competitiveness.

July 12
2021

ByteDance Shelved IPO Intentions After Chinese Regulators Warned About Data Security

Owner of TikTok video app took different approach from ride-hailing company Didi, which pressed ahead with U.S. listing

July 11
2021

Richard Branson touches the edge of space

Entrepreneur’s ride to zero gravity is a milestone for his Virgin Galactic venture

July 10
2021

Why the Global Chip Shortage Is Hard to Overcome | WSJ

A global chip shortage is affecting how quickly we can drive a car off the lot or buy a new laptop. WSJ visits a fabrication plant in Singapore to see the complex process of chip making and how one manufacturer is trying to overcome the shortage.

July 8
2021

Pfizer Outlines Booster Plans While Regulators Signal Caution

Early human data shows third shot raises antibody levels. Federal health agencies say no need for boosters at this time.

July 7
2021

Sun Valley's airport is so overrun with private jets arriving for 'summer camp for billionaires' that the FAA had to delay incoming planes

Traffic is spiking at the airport near Sun Valley as the annual Allen & Co. conference kicks off. The FAA wouldn't let some planes take off from their departure points Tuesday until traffic eased.

July 2
2021

Neiman Marcus weighs possible sale of Bergdorf Goodman

Bergdorf Goodman could find a new home a few blocks away in the former Barneys flagship.

July 2
2021

Palantir COO on DataRobot helping solve demand forecasting problems

Palantir COO Shyam Sankar joins CNBC’s “Closing Bell” to discuss partnering with DataRobot, outlook and more.

July 1
2021

Corporate Governance Should Combine the Best of Private Equity and Family Firms

The public corporation is typically bedeviled by the gap between managers’ and shareholders’ interests. Over the years, governance has attempted to close that gap by aligning incentives with measures of performance

July 1
2021

Office re-entry is proving trickier than last year’s abrupt exit

As economies reopen employers face tough choices

June 30
2021

Point72 Seeks Crypto Head While Soros Starts Bitcoin Trading

Steve Cohen’s firm has said the market can’t be ignored. Soros’s family office had invested in crypto infrastructure

June 30
2021

Staying in Summer Style in Beverly Hills

The Courier surveyed 12 iconic hotels about new innovations, dining experiences and the ideal guest profile this summer.

June 29
2021

United Airlines Bets on Post-Pandemic Growth With Its Biggest Ever Jet Order

The airline plans to buy 270 Boeing and Airbus planes as well as retrofitting some of its existing narrowbody fleet

June 29
2021

Emirates Expands IATA Health Passport Rollout

Emirates is planning to expand its rollout of the IATA Travel Pass health passport application to more cities worldwide. As things stand, passengers on ten routes can have their COVID-19 documentation approved in advance of travel by using the system.

June 29
2021

How a SoftBank-Backed Construction Startup Burned Through $3 Billion

Katerra’s downfall shows how Silicon Valley’s strategy of growth at any cost can backfire in complicated industries like real estate

June 24
2021

Visa Buys Swedish Fintech Tink for More Than $2 Billion

Tink would give Visa a foothold in open banking, which connects consumers to multiple financial institutions

June 24
2021

BuzzFeed Reaches Deal to Go Public Via SPAC, Acquire Complex Networks

Company says agreement values combined entity at $1.5 billion after transaction

June 24
2021

John McAfee dead of apparent suicide in Spanish jail after court approves his extradition to U.S. on tax charges

Eccentric antivirus software company founder John McAfee was found dead of a suspected suicide in his prison cell in Barcelona, Spain, on Wednesday, shortly after that country’s National Court approved his extradition to the United States to face criminal tax evasion charges, his lawyers said.

June 24
2021

Warren Buffett gives away another $4.1 billion, resigns as trustee at Gates Foundation

Warren Buffett said Wednesday he will donate $4.1 billion worth of Berkshire Hathaway shares to five foundations, and that he will resign as the trustee at the Bill & Melinda Gates Foundation.

June 23
2021

SPAC Aspirational sets July 12 to approve Wheels Up merger

Aspirational Consumer Lifestyle Corp. sets July 12 to approve its proposed business combination with Wheels Up Partners Holdings LLC

June 23
2021

Home of the Week: Richard Neutra’s Famed Kaufmann Desert House in Palm Springs Hits the Market for $17 Million

The mid-century modern marvel is considered to be one of the most architecturally significant homes of the 20th century.

June 22
2021

Morgan Stanley to bar unvaccinated staff and clients from New York office

Investment bank says policy will come into effect on July 12

June 21
2021

Netflix Strikes Deal With Filmmaker Steven Spielberg

The streaming giant announces agreement to have multiple new films made by Spielberg’s production company Amblin Partners

June 21
2021

U.S. Existing-Home Prices Hit Record High in May

Year-over-year price increase is biggest recorded in real-estate group’s data going back to 1999

June 17
2021

Bond spreads collapse as investors rush into corporate debt

Fall in the premium demanded to hold higher-risk debt signals increasing confidence in the US economy

June 15
2021

MacKenzie Scott gives another $2.7 billion: Put the spotlight on the organizations, not me

MacKenzie Scott knows that by virtue of being one of the richest people alive, she can command attention. She also doesn’t believe wealth should be a reason for attention.

June 14
2021

Morgan Stanley chief talks tough on return to the office

‘If you can go into a restaurant in New York City, you can come into the office,’ says Gorman

June 14
2021

Billionaire Tim Draper is still bullish that bitcoin will reach $250,000 by the end of 2022

Billionaire venture capitalist and bitcoin investor Tim Draper is sticking by his prediction that bitcoin will reach $250,000 by the end of 2022 or early 2023 despite the cryptocurrency’s wild swings in value and the turmoil around its environmentally unfriendly energy usage.

June 13
2021

Fake Reviews and Inflated Ratings Are Still a Problem for Amazon

Sellers are taking advantage of the online-shopping frenzy, using old and new methods to boost ratings on products

June 13
2021

Beny Alagem’s $2B Beverly Hills project gets go-ahead

Complex will include 300 condos and a hotel, but no affordable housing

June 11
2021

Saudi Aramco raises $6 billion with debut sukuk

Saudi Arabian oil giant Aramco locked in another $6 billion on Wednesday to help fund a large dividend as it returned to the international debt markets with its first U.S. dollar-denominated sukuk sale.

June 10
2021

Hacking bitcoin wallets with quantum computers could happen – but cryptographers are racing to build a workaround

Within a decade, quantum computing is expected to be able to hack into cell phones, bank accounts, email addresses and bitcoin wallets.

June 10
2021

The Ruthless Hackers Behind Ransomware Attacks on U.S. Hospitals: ‘They Do Not Care’

An Eastern European group known as Ryuk has hit at least 235 facilities, raking in more than $100 million

June 10
2021

Boeing Offloads Unclaimed MAX Jets as Air Travel Recovers

Plane maker has reduced inventory of jets whose original buyers walked away from their deals during the pandemic

June 10
2021

Here’s why cryptocurrency crashes on weekends

These weekend dips may have significant effects as regulators weigh the future of digital currency, experts say. Here’s why these crashes may be happening.

June 9
2021

Why the Charms of the Uruguayan Coast Are Drawing Homeowners

In and around the town of José Ignacio, a series of upscale (yet fittingly understated) waterfront developments are underway.

 

June 8
2021

How did federal agents recover bitcoin and access a crypto wallet tied to the Colonial Pipeline cyberattack?

U.S. federal authorities are fairly tight-lipped on the method of recovering some $2.3 million in bitcoin paid to cyber-hackers of Colonial Pipeline Cos., last month. It is a rare, but not unprecedented, win for agents who are part of a newly formed Ransomware and Digital Extortion Task Force.

June 8
2021

Millennial millionaires have a large share of their wealth in crypto, CNBC survey says

Nearly half of millennial millionaires have at least 25% of their wealth in cryptocurrencies, according to the CNBC Millionaire Survey.

June 7
2021

JPMorgan’s top equity strategist Kolanovic says the next market leg higher is coming soon

After a calm spring, the stock market appears poised to push higher once again, according to JPMorgan’s Marko Kolanovic.

June 7
2021

Dave Inc. to Merge With SPAC in $4 Billion Deal

Mid-Wilshire-based banking app developer Dave Inc. said on June 7 that it plans to go public through a merger with a Chicago-based special purpose acquisition company that gives the fintech a $4 billion valuation.

June 5
2021

El Salvador looks to become the world’s first country to adopt bitcoin as legal tender

El Salvador President Nayib Bukele plans to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender.

June 4
2021

Ackman SPAC Mystery Solved, but New Questions Abound

Innovative and complicated structure of Universal Music deal isn’t what investors expected

June 4
2021

The Capitalist Culture That Built America

Since the early 19th century, the firm of Brown Brothers defined the distinctive American mix of financial power and public service. Its example can still instruct us.

June 3
2021

Ultrarich Fleeing to Puerto Rico Find the IRS Already Waiting

Private wealth clients, hedge fund managers and cryptocurrency traders fleeing to Puerto Rico for its huge tax breaks—and to escape President Joe Biden’s proposed capital gains tax increases—are now the focus of a sweeping Internal Revenue Service review.

June 3
2021

Bill Ackman’s Pershing Square confirms talks to buy 10% of Universal Music at $4 billion

Billionaire investor Bill Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) confirmed on Friday it was in talks to buy 10% of Universal Music Group for around $4 billion.

June 1
2021

In Pictures: Inside The Boeing 747 Flying Mansion Private Jet

The Boeing 747 BBJ is the world’s largest private jet. With only a handful of examples in the world, it’s a rare bird. Even rarer is the Alberto Pinto designed 747, a lavish labor of love that took the designers four years to complete.

June 1
2021

From Tesla to GE, See How Much CEOs Made in 2020

The annual WSJ ranking of pay and performance for leaders of S&P 500 companies

June 1
2021

Digital currencies are the future for Russia’s financial system, central bank governor says

As the economy moves online, digital currencies will be the future of financial systems, according to Russia’s central bank governor, Elvira Nabiullina.

May 27
2021

Bitcoin’s Reliance on Stablecoins Harks Back to the Wild West of Finance

To understand the weakness of stablecoins such as Tether, it is worth a quick history lesson from pre-Civil War American finance

May 25
2021

Moderna says its Covid vaccine is 100% effective in teens, plans to seek FDA OK in early June

Moderna said Tuesday its Covid-19 vaccine was 100% effective in a study of adolescents ages 12 to 17, making it the second shot behind Pfizer’s to demonstrate high efficacy in younger age groups.

May 24
2021

EU agrees sanctions on Belarus for forcing down flight

Brussels agreed to ramp up sanctions against Belarus and ban its state airline from EU airports after the Minsk regime triggered global uproar by intercepting a Ryanair flight carrying an opposition activist.

May 23
2021

Phil Mickelson Wins the PGA Championship and Becomes the Oldest Major Champion

The 50-year-old made history at Kiawah’s Ocean Course, winning his sixth major and second Wanamaker Trophy

May 21
2021

Mega Landlords Are Snapping Up Zillow Homes Before the Public Can See Them

Hot housing market drives alliance with real estate tech firms as landlords flush with cash tap iBuyers to find properties

May 21
2021

Boat of the Week: This New 112-Foot Explorer Has Rear Side Panels That Drop Down to Create a Bonkers Beach Club

Sanlorenzo's SX112 has a unique stern area that fuses the open transom with an inner salon for a completely different kind of waterside experience.

May 20
2021

Wheels Up revenue surges 68% amid robust demand for private jet travel

Wheels Up is a new airline travel company co-founded by Bill Allard who stands in front of a new Beechcraft 350i King Air turbojet plane with only 30 hours on it.

May 20
2021

Workrise raises $300 million in Series E Funding led by Baillie Gifford

Workrise, the leading workforce management platform for the skilled trades, has raised a $300 million Series E round led by Baillie Gifford, with new investor Franklin Templeton joining existing investors including Founders Fund, Bedrock Capital, Andreessen Horowitz, Moore Strategic Ventures, 137 Ventures, and Brookfield Growth Partners.

May 20
2021

Hilton family checks out of Bel Air estate, pockets $62M

Sale of 15K sf mansion is priciest of year in California

May 20
2021

Gen Z Gets Career Advice, One TikTok at a Time

Social-media site is providing entry-level job seekers a place to find advice—and commiseration—from people their own age

May 19
2021

Giorgio Armani Is Investing in an Italian Superyacht Builder

The famed fashion designer's investment group will take a 15 percent stake in Italian Sea Group.

May 18
2021

The top 10 countries where expats are happiest with work, life and cost of living

The coronavirus pandemic impacted lives around the world, but depending on where you reside and the local response to prevention efforts, your experience may have varied greatly.

May 16
2021

AT&T in Talks to Combine Media Assets, Including CNN, With Discovery

Deal would continue consolidation in media business buffeted by cord-cutting and streaming

May 15
2021

SpaceX, a Tesla for the skies

Having revolutionised the rocket business, SpaceX takes aim at telecoms

May 15
2021

The Economist: Business this week

The world this week. 

May 14
2021

Walmart, Costco to Stop Requiring Masks for Vaccinated Workers and Shoppers

The retailers are relaxing rules as companies across sectors review new CDC guidance, which often conflicts with local and industry protocols

May 11
2021

China’s Census Highlights Its Looming Population Problem

After weeks of delay, China issued census data showing a minuscule rise in its population in 2020

May 11
2021

FDA Authorizes Pfizer-BioNTech Covid-19 Vaccine for 12- to 15-Year-Olds

First shot approved in U.S. for children paves way for inoculations before summer camps, start of next school year

May 10
2021

Roger Federer on His New Gig: Swiss Tourism Spokesman

In his new role, the tennis champion and avowed chocolate lover shares favorite places to hike, play tennis and eat in his home country.

May 10
2021

Why Latin America’s economy has been so badly hurt by covid-19

Global GDP contracted by 3% last year, but in Latin America and the Caribbean it fell by 7%
 

May 9
2021

Why do we buy into the 'cult' of overwork?

Overwork culture is thriving; we think of long hours and constant exhaustion as a marker of success. Given what we know about burnout, why do we do give in?

May 8
2021

Cosmetic Surgeons Are Building L.A. Megamansions, and the Results are Over-the-Top

Celebrity dermatologist Dr. Alex Khadavi is listing his 21,000-square-foot Bel-Air property, which includes space to show off your NFT artwork, as well as a DJ booth, an outdoor tequila bar and a car museum

May 8
2021

U.S. Pipeline Cyberattack Forces Closure

Colonial Pipeline carries roughly 45% of gasoline and diesel fuel consumed on the East Coast

May 7
2021

Goldman Sachs internal memo unveils new cryptocurrency trading team

The bank informed its markets personnel that a newly created cryptocurrency desk had successfully traded two kinds of bitcoin-linked derivatives, according to an internal memo obtained exclusively by CNBC.

May 6
2021

Dow jumps more than 200 points to another record as investors look past big jobs miss

U.S. stocks jumped to record levels on Friday even after a disappointing April jobs report as the weak number made investors believe easy monetary policies that powered the market’s historic rebound will stay in place for longer.

May 6
2021

Millions Are Unemployed. Why Can’t Companies Find Workers?

Among the reasons potential workers are holding back: fear of getting Covid, lack of child care and enhanced unemployment benefits

May 6
2021

BlackRock at Odds With Warren Buffett’s Berkshire Hathaway Over Disclosures

Shareholder proposals highlight tensions between asset managers promoting ESG disclosures and executives who are pushing back

May 4
2021

Fitness ring maker Oura raises $100M

Today the company is announcing a $100 million Series C. The round, led by The Chernin Group and Elysian Park (the Dodgers’ investment arm), brings the wearable company’s total funding up to $148.3 million

May 4
2021

Wall Street Is Not Optimistic Enough, Says Morgan Stanley’s Slimmon

Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, says Wall Street is miscalculating earnings by 11% and that markets are not paying attention to what companies are saying.

May 4
2021

Jamie Dimon, fed up with Zoom calls and remote work, says commuting to offices will make a comeback

While Jamie Dimon is fine with the greater flexibility allowed by employees working from home part time, that’s no substitute for being at the office, the JPMorgan chief said.

May 2
2021

SpaceX Crew-1 mission splashes down with four astronauts after record mission for NASA

The four astronauts aboard SpaceX’s Crew Dragon capsule “Resilience” safely returned to Earth on Sunday, splashing down in parachutes landing in the Gulf of Mexico after a record-setting mission to the International Space Station.

April 30
2021

Chetan Ahya: Could Centrals Banks Shake Up Digital Currencies?

Plans to introduce digital currencies are gaining momentum among the world’s central banks. But what level of disruption will it bring to the financial system?

April 28
2021

Private Equity and Hedge Funds, Facing a New Tax Burden, Prepare Their Defense

Wall Street firms that benefit from carried-interest treatment say Biden’s proposal could discourage small-business investment

April 26
2021

Mike Wilson: Reopening - It’s All About the Execution

High expectations around reopening may already be substantially priced into markets, pointing to new risks around how the reopening actually plays out.

April 26
2021

Tesla Posts Record Earnings at Start of Turbulent Year

Electric-vehicle pioneer faces safety investigations and mounting competition as demand for plug-in cars rises

April 25
2021

How Qatar Airways, With Its Covid-19 Playbook, Dethroned Emirates as Biggest Long-Haul Airline

When pandemic hobbled global travel, the Gulf carrier added destinations, hired extra staff and kept flying quiet routes to win market share

April 25
2021

All Powered Up: How Ossia Is Changing the World

Artificial intelligence, DNA testing, IoT, social networking, asset tracking: what do all of these things have in common? They are fairly recent inventions that have already made a huge impact on the way we live on this planet.

April 24
2021

Elon Musk to Add ‘Saturday Night Live’ Host to His Résumé

The CEO of Tesla and SpaceX is scheduled to headline the long-running NBC late-night comedy show on May 8

April 24
2021

SpaceX Launch Reaches Space Station in Latest NASA Mission

Liftoff and docking go smoothly for Elon Musk’s company in the first such trip to include a pre-used capsule and rocket

April 23
2021

Sentiment on the Proposed Capital Gains Tax Hike

When you raise taxes dramatically you create disincentives so that people hang on to assets longer than they might have to avoid a high capital gains tax.

April 23
2021

NASA’s SpaceX Crew-2 Astronauts Headed to International Space Station

NASA’s SpaceX Crew-2 astronauts are in orbit following their early morning launch bound for the International Space Station for the second commercial crew rotation mission aboard the microgravity laboratory. The international crew of astronauts lifted off at 5:49 a.m. EDT Friday from Launch Complex 39A at NASA’s Kennedy Space Center in Florida.

April 21
2021

Dow closes more than 300 points lower following reports of Biden eyeing capital gains tax hike

U.S stocks reversed lower in a swift fashion on Thursday after reports that President Joe Biden is slated to propose much higher capital gains taxes for the rich.

April 21
2021

Apple’s AirTag relies on a feature no competitor can match: 1 billion iPhones

Users can attach Apple’s newest gadget, AirTag, to valuables such as keys or a backpack, then, if the item gets lost, locate it on a live map inside Apple’s built-in Find My software.

April 20
2021

Wheels Up and Bell Are Teaming Up on an Intra-City Helicopter Service

Private-aviation provider Wheels Up said it plans to launch a joint program with helicopter manufacturer Bell Textron before the end of 2021. The program would create intra-urban travel between city centers and regional airport helipads. 
 

April 19
2021

How Soccer Elite Eyes Breakaway Without Breaking Away

A plan by some of Europe’s biggest soccer clubs including Manchester United and Real Madrid to form their own “Super League” has drawn ire even from U.K. Prime Minister Boris Johnson and former Italian Premier Enrico Letta.

April 19
2021

Car of the Week: How the Tiny, Delightful Giulietta Sprint Speciale Helped Shape Alfa Romeo’s Legacy

A 1962 example of the model, designed by Franco Scaglione for coachbuilder Bertone, is now on offer through Fantasy Junction.

April 16
2021

New Investors Discover Tax Pitfalls of Robinhood and Other Trading Apps

Common tax-minimizing strategies are difficult or impossible to implement on the trading platforms that have boomed in popularity in the past year

April 15
2021

Emirates Begins Using IATA’s Health Passport Application

Emirates has become the latest airline to begin using the IATA Travel Pass health passport. The airline launched its trial of the app on the route from Dubai to Barcelona earlier today. The airline will also trial the app on its one-way route from London Heathrow to Dubai.

April 15
2021

Family Offices Targeting 800% Returns With SPAC Economics

Under-the-radar firms are a driving force in SPAC frenzy. Pritzker, Och, Sawiris family offices among those jumping in

April 14
2021

CDC panel postpones decision on J&J vaccine while it investigates rare but serious blood-clot issue

A Centers for Disease Control and Prevention panel on Wednesday decided to postpone a decision on Johnson & Johnson’s Covid vaccine while it investigates cases of six women developing a rare blood-clotting disorder that left one dead and one in critical condition.

April 13
2021

9 of the Best Places to Retire in Europe

Thinking about retiring in Europe? Consider these nine destinations.

 

April 9
2021

Nammi Therapeutics Unveils Two Novel Immunotherapies at AACR Conference

Nammi Therapeutics Unveils Two Novel Immunotherapies at AACR Conference

April 9
2021

What Does It Take to Create a Groundbreaking Technology Company?

April 9
2021

Elon Musk's brain-chip company, Neuralink, released a video of a monkey playing video games with its mind

Neuralink, a company founded by Musk that is developing artificial-intelligence-powered microchips to go in people's brains, released a video Thursday appearing to show a macaque using the tech to play video games, including "Pong."

April 9
2021

Exclusive: BlackRock, Mustier's blank-check firm eye Credit Suisse fund management arm - sources

BlackRock and Jean-Pierre Mustier’s blank-check firm are among investors expressing interest in Credit Suisse’s asset management arm as the Swiss lender explores options for the unit after a run of costly scandals.

April 8
2021

The Biggest New Rolex Releases of 2021 Are…

The Crown had more fun than most this year.

April 7
2021

Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’

Jamie Dimon is bullish on the U.S. economy – at least for the next few years.

April 5
2021

Bitcoin Is Going Mainstream. What Investors Need to Know.

Bitcoin is getting votes of confidence, from fintechs to Tesla and more.

April 5
2021

Emirates Development Bank to allocate $8 billion for vital companies

The state-run Emirates Development Bank plans to allocate 30 billion dirhams ($8.17 billion) in the coming years to support companies in sectors considered as priority for the economy, the United Arab Emirates’ prime minister said on Monday.

April 2
2021

Saudi Prince Sells English Country Estate to King of Bahrain

Prince Bandar bin Sultan, a senior Saudi royal, sold a large English country estate to the King of Bahrain’s family, according to people with knowledge of the deal.

 
 

March 31
2021

Pfizer-BioNTech Covid-19 Vaccine 100% Effective in Study of 12- to 15-Year-Olds, Companies Say

Study didn’t find any major safety issues with the shot, which could be up for regulatory authorization in coming weeks

March 30
2021

Dealing With an Inflation Head Fake

Investors should be prepared for an inflation "head fake" and look to maintain portfolio flexibility and liquidity to be able to respond to events in what is likely to be a difficult and volatile investment environment.

March 30
2021

Saudi Crown Prince launches new ‘Partner’ program between private, public sectors

Saudi Arabia’s Crown Prince Mohammed bin Salman will be announcing the launch of a new program meant to strengthen the partnership with the private sector in the Kingdom.

March 29
2021

A Fascinating Look at the Waldorf Astoria’s Destruction and Rebirth

New York City’s iconic hotel has gone through a renaissance to update its interiors while maintaining its glamorous past

March 23
2021

Home of the Week: This Tuscan-Style Villa on San Francisco Bay Has Its Own 5-Hole Putting Green

Recently listed for $24.5 million, it's being auctioned this week at no reserve.

March 22
2021

Saudi Arabia Building 100-Mile-Long “Linear” City

Stretching from the mountains to the Red Sea, “the Line” anchors the kingdom’s $500 billion green city, Neom

March 21
2021

What Is a Sick Day When You’re Working From Home?

The pandemic has heated up a debate about what employees should do if they don’t feel well, and if companies need to rethink the whole idea of sick days

March 19
2021

After the Beirut Blast, Elie Saab Talks Rebuilding and Fashion

The last 12 months have been a struggle, but the Lebanese couturier known for his fairy-tale designs is determined to move forward.

 

March 17
2021

Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds

The investment bank told its financial advisors Wednesday in an internal memo that it is launching access to three funds that enable ownership of bitcoin.

March 15
2021

Morgan Stanley’s Mike Wilson: Rates will move higher, but it’s still a bull market

Mike Wilson, Morgan Stanley chief investment officer and chief U.S. equity strategist, says they favor more cyclically geared technology stocks as he expects rates to rise. He joins ‘Closing Bell’ to discuss.

March 15
2021

Here are Monday’s biggest analyst calls of the day: Netflix, JPMorgan, Dollar General, Exxon & more

March 14
2021

Uber and more: UBS picks food delivery stocks set to pop by more than 30%

nvestment bank UBS has listed seven stocks to buy in online food delivery, as the market looks set to boom in the next couple of years.

March 12
2021

Flashpoints in The Sino-American Rivalry: Whoever Controls the Taiwan Strait Controls the Global Economy

Semiconductors are the new oil and Taiwan is the new Saudi Arabia: whoever controls Taiwan can effectively influence the world’s global supply of microchips.

March 12
2021

Jeff Bezos turns down Bernie Sanders’ invitation to attend Senate hearing on income inequality

Amazon CEO Jeff Bezos on Friday declined an invitation from Sen. Bernie Sanders to appear at a Senate Budget Committee hearing on income inequality slated for next week.

March 12
2021

An Ultra-Rare Street-Legal 1966 Ford GT40 MK1 Just Went up for Sale

A version of one of history's most famous race cars that can be driven around town.

March 11
2021

Beeple NFT Fetches Record-Breaking $69 Million in Christie’s Sale

The digital collage earned a bid higher than those seen for works by Frida Kahlo, Salvador Dalí or Paul Gauguin

March 7
2021

Inside Hermès Sur-Mesure, the Bespoke Program That’ll Customize Your Car, Jet and More

The one-off projects run the gamut, from pool tables to a rickshaw.

March 6
2021

China-Linked Hack Hits Tens of Thousands of U.S. Microsoft Customers

Attack comes as many companies are racing to install a software fix

March 5
2021

Investing in China

Over the past 20 years, China’s economy has grown fivefold to become the second largest in the world. For years, China’s financial markets lagged the country's economic ascendency, but they are now rapidly making up ground.

March 4
2021

NetJets Just Ordered 20 of Aerion’s $120 Million Supersonic Jets

The owner of the world's largest fleet of business jets gave supersonic technology a big vote of confidence.

March 3
2021

Anghami goes public on NASDAQ via SPAC

Music streaming platform Anghami is listing on the New York NASDAQ exchange via a merger with a special purpose acquisition company (SPAC) and will result in Anghami becoming the second Arab company to list on NASDAQ after Aramex 24 years ago, and the first Arab technology startup to do so.

March 3
2021

Real Estate is on Fire

Much of this focus is on industrial property. The sector “is on fire.” Members are strategizing around “what has changed forever in real estate.” One seemingly forever change: the importance of distribution centers, given their role in the digital delivery chain.

March 1
2021

Warren Buffett’s right-hand man offers 3 tips for investors to boost long-term returns

“I think it must end badly, but I don’t know when.”

February 26
2021

The 1080 HP Lucid Air EV Will Be Delayed Until the Second Half of the Year

The startup's CEO says the eagerly anticipated EV won't be released until it is truly ready.

February 26
2021

Johnson & Johnson Vaccine News Spurs Optimism on Wall Street

Ahmed Riesgo, Chief Investment Strategist at Insigneo, joined Cheddar to discuss how the latest vaccine news from Johnson & Johnson could impact markets.

February 23
2021

Reddit posts are driving Tesla shares more than fundamentals, Barclays study finds

There may be a connection between Tesla’s stock performance and the amount of online attention the electric car maker receives on social media platforms such as Reddit, a Barclays study found.

February 23
2021

Goldman Sachs says these are the top 15 SPACs hedge funds are betting on right now, as roughly 5 go public each trading day

About five SPACs have gone public every trading day this year, according to Goldman Sachs analysts. As momentum in SPAC IPOs continues, hedge funds are joining investors in capitalizing on the trend. Insider breaks down the 15 SPACs that are most popular with hedge funds, according to Goldman Sachs.

February 22
2021

GameStop trader 'Roaring Kitty' slipped a reference to the viral cat-lawyer meme into his Congressional testimony: 'I am not a cat'

Keith Gill, better known as GameStop trader 'Roaring Kitty,' referenced the lawyer-cat meme in his testimony. Gill and other figures involved in the Robinhood and GameStop trading events testified before Congress on Thursday.

February 22
2021

This 28-year-old turned his college side hustle into a $1.3 billion start-up backed by Jeff Bezos

Sonder leases and owns properties with over 5,000 listings in 35 cities around the world. It has raised a total of more than $550 million from venture capital firms as well as investors like former baseball player Alex Rodriguez and funds backed by Jeff Bezos and Elon Musk.

February 20
2021

Bitcoin and ethereum prices 'seem high,' says Musk

Billionaire CEO Elon Musk said on Saturday the price of bitcoin and ethereum seemed high, at a time when the cryptocurrencies have hit record highs, with bitcoin crossing the $1 trillion market-capitalization threshold.

February 18
2021

U.S. Life Expectancy Fell in First Half of 2020 as Covid-19 Deaths Surged

Deaths from coronavirus pandemic led to steepest drop in longevity since World War II.

February 17
2021

Citibank can't get back $500 million it wired by mistake, judge rules

After committing one of the "biggest blunders in banking history," Citibank won't be allowed to recover the almost half a billion dollars it accidentally wired to Revlon's lenders, a US District Court judge ruled.

February 12
2021

This 34-year-old’s start-up backed by Bill Gates and Jeff Bezos aims to make nearly unlimited clean energy

At the heart of Commonwealth Fusion Systems is nuclear fusion. It is the process by which two atoms slam into each other and fuse into one heavier atom, generating energy. It’s what powers the sun.

February 12
2021

Once King of Private Flying, Learjet Will End Production This Year

Citing profitability, parent Bombardier said it will stop manufacturing the iconic brand that turned the business jet into a household name.

February 12
2021

25 Years Ago Concorde Completed The Fastest Transatlantic Crossing

Yesterday marked the silver jubilee of the Concorde’s fastest transatlantic crossing. Flying from New York to London in 1996, the British Airways flight shattered the record and remains faster than any flight today. But did you know the whole flight was planned in an attempt to break the world record?

February 11
2021

Bank of New York Mellon to custody bitcoin and other cryptocurrencies

Bank of New York Mellon (BNY Mellon), America's oldest bank, is set to custody bitcoin and other cryptocurrencies later this year.

February 11
2021

Microsoft reportedly tried to buy $51 billion Pinterest, in what could have been the tech firm's biggest deal

Microsoft recently considered a deal with Pinterest, sources told The Financial Times. The acquisition of the $51 billion social media firm would have been Microsoft's biggest deal. Pinterest has indicated in the past it wants to remain independent.

February 10
2021

Jim Simons Makes Billions While Renaissance Investors Fume at Losses

Renaissance founder’s fortune grew by $2.6 billion last year. Investors unhappy with poor performance have been pulling cash.

February 10
2021

Katara Hospitality and Accor Announce the Launch of Maison Delano Brand, First Property To Open in Paris

A new lifestyle hotel addition coming up to the Paris hospitality scene...

February 9
2021

JPMorgan’s Wall Street chief gives his call for the stock market, SPACs, fintech and CEO succession

JPMorgan co-President Daniel Pinto tells CNBC in a Zoom interview: “I don’t see a [stock market] correction anytime soon, unless the situation changes dramatically.”

February 8
2021

Elon Musk and Snoop Dogg Push Cryptocurrencies to Record Highs

Bitcoin and even Dogecoin, which began as a playful experiment, are soaring in value as billionaires, companies and celebrities promote the digital currencies.

 

February 4
2021

Yellen Vows to Probe Market Mania, in Consumer-Protection Test

Treasury secretary calling an ad-hoc meeting of regulators. Market turmoil has spurred moves toward political oversight.

February 4
2021

The Rise and Fall of Bitcoin Billionaire Arthur Hayes

The BitMEX cofounder created a cryptocurrency exchange that has traded trillions. Now he’s wanted by U.S. authorities, and insiders wonder whether he and his partners are villains—or victims of a two-tiered justice system that favors big banks over brash outsiders.

February 1
2021

Wheels Up to go public via a merger with LVMH-backed SPAC

The transaction values Wheels Up at an enterprise value of $2.1 billion and is expected to provide up to $790 million in cash proceeds when it closes in Q2
 

February 1
2021

Leon Cooperman on GameStop, the Fed and the myth about the rich and taxes

"I am not critical of the GameStop speculators in the slightest.

 
I hope they understand they are speculating and in my opinion the stock price bears no relationship to the fundamental value of the business — I’m a fundamentalist and I believe that in the end water seeks its own level, and unless the speculators in GME are excellent traders, they are destined to lose money."

January 28
2021

Gorman Says Reddit Rally Traders Are Headed for ‘Rude Awakening’

The renegade traders on Reddit who spurred big market moves in niche stocks are in for a nasty surprise, according to Morgan Stanley Chief Executive Officer James Gorman.

January 27
2021

GameStop Mania Reveals Power Shift on Wall Street—and the Pros Are Reeling

Internet-fueled amateurs, on platforms like Reddit and Discord, are piling into stocks, bragging about gains and banding together to intensify moves

January 24
2021

Covid-19’s Financial Toll Mounts as Homeowners Keep Postponing Mortgage Payments

Some 2.7 million homeowners are still pausing their monthly mortgage bills, and more might need help in the coming months

January 21
2021

Crises facing Biden threaten to create vicious cycles

New US president must combine agile political manoeuvring with smart economic policy

January 21
2021

UAE’s Emirates and Etihad Airways to Trial Covid-19 Travel Pass

Dubai’s Emirates and Abu Dhabi’s Etihad Airways have partnered with the International Air Transport Association to introduce a travel pass for passengers who have been inoculated against Covid-19 or have tested negative.

January 20
2021

Jack Ma Emerges for First Time Since Ant, Alibaba Crackdown

Jack Ma resurfaced for the first time since China’s government began clamping down on his business empire nearly three months ago, appearing in a live-streamed video that sent Alibaba Group Holding Ltd.’s stock soaring but left plenty of unanswered questions about the billionaire’s fate.

January 19
2021

JPMorgan CEO Jamie Dimon wants to win the war against fintechs, expecting 'tough, brutal' competition in the next 10 years

"I expect there to be very tough, brutal competition in the next 10 years," CEO Jamie Dimon said. "I expect to win. So help me, God."

January 18
2021

China’s economy expands at faster rate than before coronavirus

GDP rises 6.5% in fourth quarter as other big economies struggle to recover from pandemic

January 18
2021

Apple Watch Can Detect Covid-19 Before Symptoms Arise, New Study Shows

Apple Watch could be smart enough to know you have Covid-19 before testing would confirm it. 

January 13
2021

The Long Road to Rebuild Beirut After the Explosion

Residents of Lebanon’s capital struggle to find material and cash to repair the damage—and to revive the city’s spirit

January 12
2021

Sheldon Adelson, Casino Mogul and Big Republican Party Donor, Dies at 87

One of the world’s richest men, Las Vegas Sands chairman and CEO bet on conventions and trade shows to keep resort rooms filled

January 12
2021

California exodus intensifies as retirees, teachers, musicians seek cheaper, less-crowded pastures

The California dream has been fading for a long time, and people have been voting with their feet.

January 11
2021

Ex-Credit Suisse chief Tidjane Thiam to launch blank cheque vehicle

Banker joins Spac craze with $250m fund to invest in financial sector

January 10
2021

How Parler, a Chosen App of Trump Fans, Became a Test of Free Speech

The app has renewed a debate about who holds power over online speech after the tech giants yanked their support for it and left it fighting for survival. Parler went dark early on Monday.

January 6
2021

Thomas Pink, the Legendary London Shirtmaker, Has Closed

The one-time status symbol is no more.

January 5
2021

A New California Law Removes Thousands of Restaurants From Food Delivery Apps

There's a good reason why your favorite spot may not want to be listed on a particular platform.

January 5
2021

Low Taxes and High Temperatures Lure Finance Firms to Miami

Blackstone and Starwood Capital Group are among those drawn to the city

January 5
2021

The Wealth of the World’s Billionaires Grew by a Staggering $1.9 Trillion in 2020

Elon Musk alone increased his fortune by $110 billion.

January 2
2021

Tesla reports 499,550 vehicle deliveries for 2020, slightly missing target

Tesla just published its fourth quarter vehicle production and deliveries report for 2020.

January 2
2021

Markets shock in 2020 gives way to IPO boom

Stock listings flourish in aftermath of hit from coronavirus pandemic

December 30
2020

Southern California’s mansion market had a historic 2020, led by Jeff Bezos

Even during a pandemic, this past year saw the ultra-rich swap estates at a blistering pace.

December 26
2020

The Listings of the Week: A Belgian Castle, a 13th-Century Mansion Near Rome, and More

Tour the five luxury homes featured in our Listing of the Day series this week

December 24
2020

JPMorgan’s Jamie Dimon and His Brush With Death: ‘You Don’t Have Time for an Ambulance’

The CEO’s dangerous rip in his aorta came as the pandemic began to ravage the economy. The two emergencies would test the foundations of America’s largest bank.

December 24
2020

Once Asking $100 Million, Michael Jackson’s Neverland Ranch Sells to Billionaire Ron Burkle for $22 Million

The Los Olivos, Calif., property underwent a series of price cuts after hitting the market in 2015

December 24
2020

A Massive Aspen Mansion With Its Own Bowling Alley Asks $75 Million

The 20,000-square-foot home is being shopped by developer Leathem Stearn, who was accused by local officials of overbuilding on the site

December 23
2020

Home of the Week: This $33 Million Silicon Valley Masterpiece Comes With Its Own Contemporary Art Collection

The 8,000-square-foot, concrete and glass compound is arguably a piece of art in itself.

December 21
2020

Airlines Get $15 Billion Payroll Reimbursement in Funding Deal

The pandemic aid package negotiated by Congressional leaders includes $15 billion to reinstate payroll reimbursements to airlines that expired two months ago, according to two people familiar with the legislation.

December 21
2020

Coming to the aid of the Lebanese industrial sector

A LIFE Global Webinar

December 20
2020

S&P 500 closes lower in volatile session after new Covid strain causes U.K. to lock down

The S&P 500 fell slightly in volatile trading on Monday to start the holiday week as enthusiasm over a coronavirus stimulus deal was overwhelmed by worries over a viral new Covid strain in the U.K.

December 20
2020

The Pandemic Is Pushing the World’s Most Esteemed Charities to Their Limits

Will they go bust?

December 17
2020

$160 Million Beverly Hills Mansion Heads to Auction in January

Buyers will have a week to vie for the 20,000-square-foot California house, known as Villa Firenze

December 15
2020

Goldman, Citi, Nomura See 20% Earnings Growth for Asia Stocks in 2021

While Asia’s equity rally may be ending the year looking a tad stretched, a bright earnings outlook for 2021 is giving strategists all the more reason to stay upbeat.

December 15
2020

Platinum to Acquire Ingram Micro in $7.2 Billion Deal

The private equity giant will purchase Ingram — a major electronics distributor — from a subsidiary of Chinese aviation and shipping conglomerate HNA Group Co. Ltd

December 15
2020

Co-Working Volatility Is Making the Office Market More Precarious

Vacancies are starting to soar, as many companies work remotely

December 12
2020

AstraZeneca Agrees to Buy Alexion for $39 Billion

The deal would bolster the British drug giant’s footprint in rare diseases

December 12
2020

Boston medical conference linked to as many as 300K COVID-19 cases

A team of scientists using genetic sequencing found that between 205,000 and 300,000 coronavirus cases across the US are linked to a “superspreader” medical conference in Boston in late February.

December 11
2020

Powell Wins a Place in Pantheon of Fed Chiefs Alongside Volcker

His turbocharged response to the pandemic and commitment to maximum employment make him a standout.

December 11
2020

State Street, UBS Are in Talks to Merge Asset-Management Businesses

Firms had appeared to be close to reaching an agreement this summer

December 10
2020

China’s Xi Ramps Up Control of Private Sector. ‘We Have No Choice but to Follow the Party.’

Push driven by a conviction that markets and entrepreneurs are not to be fully trusted; ‘the market-reform camp is all but gone’

December 10
2020

French aircraft maker Dassault just unveiled a new $47 million private jet that can fly 5,500 nautical miles — take a look at the Falcon 6X

The $47 million jet can fly up to 5,500 nautical miles at speeds of up to Mach .90 while also accessing challenging airports with ease.

December 7
2020

The inside story of 220 Central Park South, the world’s most profitable condo

If not for 220 Central Park South, Vornado Realty Trust’s recent financials would have been a horror show. Vornado, one of New York City’s biggest landlords, recorded a $107 million loss in the third quarter on its prime retail portfolio.

December 7
2020

Flush with cash, Chinese hog producer builds world's largest pig farm

Behind the walls of a hulking industrial compound in rural China, top pig producer Muyuan Foods is trying to raise more hogs on a single site than any company in the world - a risky investment with deadly African swine fever lingering.

December 6
2020

UK and EU agree to ‘last throw of the dice’ in Brexit trade deal talks

Negotiations remain deadlocked after call between Boris Johnson and Ursula von der Leyen

December 4
2020

Boeing Wins First Big 737 MAX Order Since Grounding Ended

Irish discount airline’s deal for 75 MAX jets comes after waves of canceled orders for the jet, which regulators banned from flight for nearly two years

December 1
2020

CDC Panel Recommends Giving First Covid-19 Vaccines to Health Workers, Nursing Homes

A decision could come Wednesday, as drug makers await word in coming weeks of emergency-use authorization of two vaccines

November 30
2020

GM, Nikola Agree to Scaled-Down Supply Agreement

Auto maker will no longer take equity stake in electric-truck startup, as previously planned

November 29
2020

Airbnb, DoorDash Aim for Higher-Than-Expected Valuations Ahead of Debuts

Airbnb plans to target a range of around $30 billion to $33 billion, while DoorDash will seek a valuation of around $25 billion to $28 billion

November 28
2020

Black Friday 2020 online shopping surges 22% to record $9 billion, Adobe says

Cyber Monday 2020 is expected to become the biggest digital sales day in history in the United States.

November 27
2020

GM Plans to Seek Banking Charter to Grow Auto-Lending Business

Auto maker could file paperwork with federal and state regulators as soon as next month

November 25
2020

U.K. Tax-Refund Repeal Is a New Headache for Retail Property Owners

Business leaders worry that tourists will abandon London for other European shopping destinations

November 25
2020

In Singapore, Bargains for Luxury Homes Are Few and Far Between

The priciest condos have been slower to sell, but overall, the high-end market rebounded quickly after the coronavirus outbreak

November 25
2020

When the World Seems Like One Big Conspiracy

Understanding the structure of global cabal theories can shed light on their allure — and their inherent falsehood.

November 25
2020

Auto Exec Stephan Winkelmann Will Soon Lead Both Bugatti and Lamborghini

The 56-year-old will begin the dual role on December 1.

November 24
2020

Stock-Market Titans Amazon, Google and Facebook Are Also Driving Commercial Real Estate

Tech’s soaring property demand has been mostly a boon for cities, although it has fueled some concerns over rising rents and gentrification

November 24
2020

A senior portfolio manager at Morgan Stanley's $665 billion investment-management business shares his playbook as stocks run higher in 2020 — and 3 non-COVID threats that will occupy his attention in 2021

Andrew Slimmon of Morgan Stanley Investment Management says three forces that have supported the recent surge in stocks could become headwinds in 2021.

November 22
2020

Tesla’s Addition to S&P 500 Shows Why Indexes Are So Weird

Vast amounts of money are being shifted around based on strange and conflicting rules

November 22
2020

Meet Kathrin Jansen, the woman leading Pfizer’s COVID-19 vaccine effort

The rock star scientist has a track record of producing difficult vaccines against the odds.

November 21
2020

Airbnb IPO Filing Shows Profitable Quarter After Deep Cuts

Home-sharing giant is expected to garner a valuation of about $30 billion

November 20
2020

Cybersecurity CEO: 5 Safety Tips for Black Friday and Cyber Monday Cybercrime

Black Friday and Cyber Monday are approaching. Make sure to share this with all of your employees.

November 19
2020

Google is overhauling its Pay app to be a one-stop shop for your financial life — and teaming up with Citi and other banks to do it

Google is redesigning Google Pay to include new budgeting tools and embedded checking accounts with banking partners like Citi.

November 18
2020

Beverly Hills Saks Fifth Avenue Hits the Auction Block

Beverly Hills Saks Fifth Avenue is to be sold at foreclosure.

November 16
2020

Tesla to Be Added to S&P 500 Index

Electric-vehicle maker to join Dec. 21 after five consecutive quarters of net profit

November 16
2020

Moderna’s Covid-19 Vaccine Is 94.5% Effective in Early Results, Firm Says

Awaiting fuller safety data later this month, Moderna said it plans to seek federal authorization for shot by early December

November 16
2020

PNC Financial Services to Buy U.S. Arm of Spain’s BBVA for $11.6 Billion

Deal is one of the largest bank tie-ups since the financial crisis

November 14
2020

Warren Buffett's Berkshire is becoming its own elephant investment

World's most famous investor seemingly made few acquisitions this year

November 13
2020

Largest purple-pink diamond ever to be auctioned sells for nearly $27 million

“The Spirit of the Rose” weighs 14.8 carats but was cut from a larger rough diamond that weighed 27.8 carats.

November 13
2020

Top CEOs met to plan response to Trump's election denial

CEOs say they have seen no evidence of widespread election fraud

November 12
2020

Singapore to Introduce New Visa to Draw Top Global Tech Talent

Singapore is rolling out the red carpet for top talent, launching a program to initially attract 500 individuals with a proven track record of contributing to the global technology ecosystem.

 
 

November 11
2020

Covid-19 Vaccine Deployment Would Give Global Economy a Lift Next Year

Certain nations and regions are better positioned than others to gain initially from specific vaccines

November 10
2020

Zambia Nears Default With Bondholders Set to Refuse Relief

A key bondholder group is set to reject Zambia’s request for an interest-payment holiday, putting the country on course to become the first African sovereign defaulter since the onset of the coronavirus pandemic.

November 10
2020

J.C. Penney rescue deal approved in bankruptcy court

A U.S. judge on Monday approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have put the beleaguered department store chain out of business and jeopardized tens of thousands of jobs.

November 10
2020

SoftBank’s Vision Fund unit considers move to Abu Dhabi from UK

Fund head Rajeev Misra looks for home in Gulf emirate as Japanese group debates relocation

November 10
2020

Boris Johnson Sets Up Unit to Attract Post-Brexit Investors to U.K.

Prime Minister Boris Johnson announced the creation of a new unit to help attract international investment to the U.K. after it completes its departure from the European Union’s Single Market and Customs Union at the end of the year.

November 9
2020

Rossinavi’s Newest 164-Foot Superyacht Has Interiors Luxurious Enough to Rival Your Favorite Italian Hotel

Featuring plush furnishings and high-end fabrics by Hermès, Rubelli and Armani Casa.

November 6
2020

Why Palantir co-founder Joe Lonsdale is leaving Silicon Valley

Palantir co-founder Joe Lonsdale is following the lead of the software company he helped create and moving his venture firm out of California.

November 5
2020

Fed Says Virus Poses Considerable Risks, Maintains Low-Rate Pledges

Officials didn’t announce new policy measures at the conclusion of their two-day meeting Thursday

November 3
2020

Real Estate Slump Forcing Big Funds to Delay Investor Redemption Requests

With the pandemic bringing down values of hotels, retail properties and office buildings, investors are lining up to cash out of these funds

November 3
2020

China halts $37bn Ant Group IPO, citing ‘major issues’

Shanghai halts $37bn Ant Group IPO

November 1
2020

Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable

New restrictions intended to protect U.S. workers curb access to pool of highly skilled foreign labor

October 28
2020

Struggling Rental Market Could Usher in Next American Housing Crisis

Millions of renters are behind on their payments; mass evictions could come soon

October 26
2020

Amid the Pandemic, the Wealthy Are Investing in Fine Jewelry and Diamonds Like Never Before

Shimmering baubles may temporarily take the place of expensive travel.

October 26
2020

The most influential Hispanic leaders in technology

To celebrate the contributions and influence of Hispanic Americans to the cultural, historical, and technological achievements of the United States, Digital Trends has put together this collection of exclusive features and in-depth reporting from the industry-leading Digital Trends Español team.

October 26
2020

The 199 days that doomed Quibi: How $1.75 billion couldn't save the most hyped app of the year from a pandemic and apathetic users

Mobile content app Quibi, backed by $1.75 billion and some of Hollywood's top names, launched in April and died in October.

October 26
2020

Can Gap Escape the Whirlwind? New CEO Confronts Years of Decline

Sonia Syngal is plotting a future of fewer stores and more fashion risks to revive the company’s namesake brand.

October 25
2020

FDA approves Gilead’s remdesivir as coronavirus treatment

The Food and Drug Administration on Thursday approved Gilead Sciences’ antiviral drug remdesivir as a treatment for the coronavirus.

October 25
2020

Hermès Shows Signs of Recovery With 4.2% Sales Growth in Q3

In much-needed news for the beleaguered luxury industry, Hermès is reporting its first signs of growth in months.

 

October 22
2020

Consumer companies must take leaps, not steps

As shoppers show how quickly they can adapt to external shocks, retailers will need to radically reconfigure their business models.

October 22
2020

How Drake’s Architectural Designer Turns the World’s Most Expensive Homes Into Otherworldly Playlands

The creative is known for his opulent use of rich textiles and rare materials.

October 19
2020

Moody's downgrades UK as COVID-19 and Brexit hit debt outlook

Ratings agency Moody’s cut the United Kingdom’s debt rating on Friday over the huge economic hit from the coronavirus crisis, Brexit and the lack of clear budget plans from Prime Minister Boris Johnson’s government.

October 19
2020

Inside the Greatest Trade of All Time—and What Bill Ackman Is Investing in Now

In the space of three weeks, as the Covid-19 pandemic was engulfing the globe, Ackman turned a $27 million premium paid to buy credit default swaps into a profit of $2.6 billion.

October 19
2020

SPACs: Investment Considerations

The emergence of Special Purpose Acquisition Companies (SPACs) is one of the hottest #capital raising trends in 2020, and few saw it coming. By now, many #investors have heard of them, yet most probably don’t understand how they work

October 19
2020

The CEO of United Airlines Just Shared the Perfect Leadership Message for 2020, and It's Only 8 Words

This week, United held an earnings call. The transcript afterward ran 11,000 words, and it marked the first time since the airline furloughed 13,000 workers at the start of the month that a group of analysts and reporters have been able to question United Airlines executives about the airline's future.

October 15
2020

CEOs Want To Ditch Sterile Zoom Calls: From The Folks Who Brought You Boring Meetings

When the pandemic first hit, corporate executives thought video meetings were awesome and productive. Now, CEOs are questioning how much those meetings really achieve.

October 15
2020

IMF says austerity is not inevitable to ease pandemic impact on public finances

Nations that can borrow freely can stabilise debt without fiscal adjustment, fund suggests

October 14
2020

IMF says austerity is not inevitable to ease pandemic impact on public finances

Nations that can borrow freely can stabilise debt without fiscal adjustment, fund suggests.

October 12
2020

Nobel Prize in Economic Sciences Is Awarded to U.S. Academics

The prize was shared by two Americans for invention of new auction formats

October 11
2020

Robinhood Users Say Accounts Were Looted, No One to Call

It took Soraya Bagheri a day to learn that 450 shares of Moderna Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending. But after alerting the online brokerage to what she believed was a theft in progress, she received a frustrating email.

 
 

October 11
2020

U.S. Covid-Testing Plan Aims to Open New York-London Travel by Holidays

Airlines, governments hope testing will spur more travel for business and pleasure

October 11
2020

The Pandemic Has Changed Travel Forever — and That Could Be a Good Thing

After months of lockdown, travelers have embraced a more thoughtful way of exploring the world.

October 11
2020

The Best Hotels in the World: 2020 Readers' Choice Awards

The places that stayed with you in a year when travel may have been out of reach.

October 11
2020

Twilio surges 6% after it agrees to acquire Segment for $3.2 billion

Segment is a data platform that provides businesses with a unified customer view "to better understand customers and engage more effectively," Twilio said.

October 10
2020

How Citadel CEO Ken Griffin Built a $1 Billion Private Property Portfolio

The billionaire hedge-funder has paid more than $1 billion on a cache of ultraluxury homes from London to New York. What’s behind the ‘unprecedented’ spending?

October 8
2020

Transitioning LIBOR: What It Means for Investors

LIBOR is the world's most widely used benchmark for short-term rates, but its era of influence is slated to end by 2022. A look at the implications for asset classes and investors.

October 6
2020

California Firefighters Tap AI for an Edge in Battling Wildfires

Stretched by longer, deadlier fire seasons, officials are using artificial intelligence to more closely track blazes and more judiciously steer resources

October 4
2020

Welcome to FinTok, Where Day Trading, Options Investing, and Misinformation Reign

TikTok is Gen Z’s financial education hub. That’s a problem.

October 2
2020

The US labor market is not collapsing despite recent layoffs, an economist says

Layoffs have been announced in several US industries this week, but the labor market is still healthy, MKM Partners' economist Michael Darda told CNBC's "Trading Nation" Thursday. 

October 1
2020

U.S. economy plunges 31.4% in the second quarter but a big rebound is expected

The U.S. economy plunged at a record rate in the spring but is poised to swing to a record increase in the quarter that just ended

October 1
2020

Commission Considers Changes to Format After Raucous First Debate

Trump’s answer on white supremacists reverberates, draws criticism from members of both parties

September 30
2020

How Finland kept Covid in check

Country has one of lowest infection rates in Europe and its economy held up better than others

September 28
2020

Those Dying From Covid-19 Are Least Likely to Own Life Insurance

Many companies have sharply reduced estimates of their exposure, as measured by payouts per 100,000 U.S. fatalities

September 27
2020

Destruction of value in US real estate revealed

Commercial properties hit by the economic effects of coronavirus could have lost as much as one-quarter of their value or more, laying bare the scale of the damage being wrought across American malls, hotels and other commercial buildings.

September 25
2020

Palantir Expected to Be Valued at Nearly $22 Billion in Trading Debut

Bankers have told investors stock could start trading at around $10, sources say

September 25
2020

Colony sells most of its hotel biz to Highgate in $2.8B deal

Tom Barrack’s firm had defaulted on $3.2B in hotel, health care mortgages earlier this year

 

September 24
2020

Behind Snowflake’s Debut: Rising Data Demands

The startup’s roaring IPO was due to fortunate timing and growing data needs, tech chiefs say

September 24
2020

A 21K sf megamansion hits market in Beverly Hills

The home, developed over 7 years, is listed as LA’s luxury market continues its climb back

September 24
2020

Cirrus Just Launched a New Concierge Program. Will Other Aircraft Makers Follow Suit?

Cirrus and Gulfstream are the only manufacturers with full concierge programs, mostly because it makes business sense.

September 24
2020

Two of the Culinary World’s Most Quietly Influential Restaurants Will Close

Christian Puglisi's Relae and Manfreds will shutter at year's end.

September 24
2020

Jeffrey Katzenberg Sells $125 Million Beverly Hills Mansion to WhatsApp Co-Founder

Last month, former Dreamworks CEO-turned-founder of the struggling Quibi venture Jeffrey Katzenberg electrified L.A.’s luxury real estate market by inking a deal to sell his custom-built Beverly Hills home for $125 million in cash.

September 24
2020

Tesla ‘Battery Day’ Spotlights Elon Musk Plan for $25,000 Electric Car

Company has eventual annual production target of 20 million vehicles, potentially becoming world’s largest auto maker

September 24
2020

What CEOs Really Think About Remote Work

Top executives at Netflix, BlackRock and other companies weigh in on at-home arrangements, office reopenings and the future of work

September 22
2020

Hand-in-Hand. Rise in Ecommerce Prompts High Demand for Logistics Space.

E-commerce is growing at a record pace, largely driven by consumers buying online for at-home delivery in light of the pandemic. How quickly? Consider this: before COVID-19 ecommerce was projected to account for 17 percent of all consumer purchases during 2020; now that is expected to be 20 percent for the year and could reach 30 percent by 2025.

September 21
2020

Top sales: Jeffrey Katzenberg’s $125-million home sale was L.A.’s priciest in August

Jeffrey Katzenberg’s 26,619-square-foot Tudor-style home sits on a six-plus-acre promontory in Beverly Hills.

September 21
2020

Andrew Sheets: The Uncertainty of the Fed’s New Certainty

This week, the Fed announced a new framework that could keep interest rates unusually low. So why did markets collectively yawn at the announcement?

September 20
2020

FinCEN Files: HSBC moved Ponzi scheme millions despite warning

HSBC allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, leaked secret files show.

September 17
2020

2,600-year-old wine 'factory' unearthed in Lebanon

The oldest press found in the country was used by ancient Phoenicians to manufacture vintages once adored around the Mediterranean.

September 17
2020

Royalton Hotel’s New Owner Says Days of Velvet Rope Are Over

MCR Investors’ Tyler Morse suggests hotel is well positioned for a comeback, albeit a very gradual one

September 17
2020

2021 Best Colleges in America: Harvard Leads the University Rankings

The Ivy League dominates this year’s Wall Street Journal/Times Higher Education College Rankings. But the future of U.S. universities has never been murkier.

September 14
2020

At JPMorgan, Productivity Falls for Staff Working at Home

A troubling pattern emerged as most of JPMorgan Chase & Co.’s employees worked from home to stem the spread of Covid-19: productivity slipped.

September 14
2020

Alaska Built One of the Most Comprehensive Covid-19 Testing Operations in U.S.

With residents spread across vast terrain, authorities managed to reach people and move testing supplies on snowmobiles, planes and trucks

September 14
2020

Delta will use frequent-flyer program to back $6.5 billion in debt

Delta Air Lines said Monday that it will borrow $6.5 billion backed by its frequent-flyer program, the third airline to tap its loyalty platform to shore up liquidity during the coronavirus crisis.

September 14
2020

Billionaire Steven Cohen Reaches Deal to Buy New York Mets

Agreement values the team at between $2.4 billion and $2.5 billion, a record for a North American professional sports franchise

September 12
2020

A senior portfolio manager at Morgan Stanley's $665 billion investment-management business tells us why the tech-stock plunge isn't a cue to abandon the sector — and where to find the biggest gains as the recovery resumes

In just three days of trading between September 3 and 8, the Nasdaq composite slumped 10%, its fastest correction ever. Downturns in stocks are normal, though the speed of this one was unusual, and nothing about recent circumstances has been normal.

September 11
2020

Tech Shares Roil Market as Stocks Fall for Second Week

Shares of Apple, Facebook, Amazon, Microsoft and Alphabet fell 4% or more this week, weighing on broader market

September 11
2020

Apple, General Motors, Citigroup: Stocks That Defined the Week

Here are seven major companies whose stocks moved on the week’s news

September 11
2020

The Biggest Winners — And Losers — In the Asset Management Money Race

Some publicly traded asset managers have grown net new inflows by double digits in the first half. Others have seen dramatic declines.

September 11
2020

The Biggest Winners — And Losers — In the Asset Management Money Race

Some publicly traded asset managers have grown net new inflows by double digits in the first half. Others have seen dramatic declines.

 

September 11
2020

How Travel Will Change Post-Pandemic: 10 Expert Predictions

We asked industry pros where we’ll be traveling in years to come and how hotels, flights, airports and even luggage will evolve—for the better. Plus: A look back at WSJ travel tips from the 2010s.

September 10
2020

New York City to Resume Indoor Dining at Restaurants

New York City will allow indoor dining at restaurants at a limited capacity starting Sept. 30, New York Gov. Andrew Cuomo said Wednesday, lifting a six-month ban aimed at stemming the spread of the new coronavirus.

September 10
2020

Several Covid-19 Vaccines Could Join Winner’s Circle

Several coronavirus vaccines could pass muster in clinical trials, with distribution in phases starting as soon as this fall, experts say.

September 9
2020

LVMH Pulls Out of Tiffany Takeover

Tiffany is asking a Delaware court to either force LVMH to complete the merger or award damages

September 8
2020

The 10 Most Expensive Rolex Watches Ever Sold at Auction, From the Paul Newman to the Unicorn

From an $18 million Daytona to a $1.2 million DateJust, these are the priciest crowns on the market.

September 8
2020

The Most Beautiful UNESCO World Heritage Sites

There are more than 1,000 locations on the prestigious list of UNESCO World Heritage sites, a roster of places considered to be of outstanding value to humanity, whether for cultural or natural reasons. The list includes everything from European towns to tropical islands, American national parks to African churches, and endangered wonders at risk of disappearing. Here are our picks for the 30 most stunning UNESCO World Heritage sites.

September 8
2020

Own a Superyacht for a Fraction of the Cost

AvYachts’ new fractional program represents an alternative to the hefty costs of sole superyacht ownership and the unpredictable experiences of chartering.

September 8
2020

Sam Zell Sees Big Real Estate Opportunities On The Horizon

Billionaire investor Sam Zell told CNBC on Wednesday that he expects there to be "significant" investment opportunities in the fourth quarter of 2020 and the first quarter of next year.

September 8
2020

Locked Down in the Ritz-Carlton: Winning the Quarantine Hotel Lottery

Most arrivals to Singapore have to spend 14 days holed up in a hotel, but they don’t get to choose which one; ‘We hit the jackpot’

September 8
2020

Netflix’s Reed Hastings Deems Remote Work ‘a Pure Negative’

When Netflix went public in 2002, its chief talent officer at the time, Patty McCord, helped strip the company of formal time off, travel and expense policies. WSJ caught up with McCord to learn how this unconventional move helped shape Netflix culture.

September 4
2020

Payrolls increase by nearly 1.4 million as the unemployment rate tumbles

Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn.

September 2
2020

Real Estate Is Now About Location, Location, Isolation

Real-estate searches are looking a lot different lately. For years, home values have been greatly influenced not only by finished square footage and acreage, but also by walk scores and community. The pandemic is turning those factors on their head—at least for now.

September 1
2020

Tesla to sell up to $5 billion in stock amid its incredible rally

Amid Tesla’s incredible rise that has seen shares soar to new highs, the electric auto maker said Tuesday it will sell up to $5 billion in new stock.

August 31
2020

This New Private Jet’s Opulent Interior Features a Master Suite With a King-Size Bed

The world’s first ACJ320neo has an interior that’s more townhouse than cabin.

August 28
2020

Shinzo Abe Will Resign as Japan’s Prime Minister, Citing His Worsening Health

Prime Minister Shinzo Abe said he would resign because of a painful intestinal condition, ending his rule after he held the top job longer than anyone else.

August 28
2020

Matthew Perry Lists Pacific-Front Malibu Retreat for $14.95 Million

The Malibu home where former Friends actor Matthew Perry has spent much of his coronavirus quarantine has just hit the market for $14.95 million. The two-floor property, which Perry described in a recent social media post as his “kick-ass Malibu house,” features four bedrooms and 3.5 bathrooms spread over 5,500 total square feet and directly faces the Pacific Ocean.

August 27
2020

Home of the Week: Inside a $60 Million Beverly Hills Estate With a Jaw-Dropping Tennis Court

These days, spacious compounds with plenty of land and many different buildings to house and entertain family and friends are in high demand. Easier said than done though, as building up one of these enclaves can take a substantial amount of time. So for those who’d rather just buy a place that already has it all—in a ideal neighborhood—there’s Tower Grove Estate, which just listed for $60 million.

August 27
2020

Inside the Secretive Interior of the 351-Foot ‘Lana,’ One of Benetti’s Largest Superyachts

Superyacht owners are often guarded about the interiors of their vessels, just as most of us would be with the interior of our homes. This week, the owner of Lana—one of the largest yachts ever built by the Benetti yard in Italy—allowed images of the 351-footer to go public, courtesy of Imperial Yachts, which was the owner’s representative on the build and now is overseeing the yacht’s charter.

August 27
2020

Investment banks in line for bumper payday from Ant IPO

Wall Street banks including Citigroup, JPMorgan and Morgan Stanley are poised to share at least $300m in fees from the blockbuster dual listing of Chinese payments company Ant Group, in what is likely to be the biggest windfall in a decade for bankers in Asia’s top financial hub.

August 26
2020

Keeping Schools Closed Could Cost the U.S. Economy at Least $700 Billion

The only thing standing between a recovery and a double-dip recession might be the back-to-school season.

As August turns to September, some 56 million K-12 students are starting a school year like no other. Most students will be learning from home; others will be back in school full time; and still others will experience a hybrid model that combines the two. The risks to reopening schools are clear—they could become a new epicenter for Covid-19—but the costs of keeping schools closed could be even higher.

August 26
2020

New Thinking on Covid Lockdowns: They’re Overly Blunt and Costly

In response to the novel and deadly coronavirus, many governments deployed draconian tactics never used in modern times: severe and broad restrictions on daily activity that helped send the world into its deepest peacetime slump since the Great Depression.

August 26
2020

Lake Tahoe, Vail Aren’t Just for Vacation Anymore as Homebound Families Move In

People’s realization that they can work from anywhere during Covid-19 office shutdowns have led to bidding wars for homes in remote areas of the West

August 25
2020

Each of the US' top 5 wealthy neighborhoods has an average household income greater than $400,000

F. Scott Fitzgerald once wrote, "Let me tell you about the very rich. They are different from you and me."

For instance, a $400,000 yearly income is average for them, according to the annual Bloomberg ranking which lists the nation's wealthiest places to live. 

August 24
2020

Big Tech salaries revealed: How much Apple, Tesla, Amazon, and 10 other tech giants pay their workers, from engineers to salespeople

In ultracompetitive Silicon Valley, tech companies splash out huge sums of cash to attract top talent. But compensation overall remains a closely guarded secret, with firms refusing to disclose their rates as employees take to forums and anonymous social networks to compare pay packets.

August 24
2020

WSJ Real Estate: New York's Covid Crash

New York's luxury real-estate market suffered an unprecedented blow from Covid-19. The outbreak and ensuing lockdown applied downward pressure at a rate that surpasses both the 2008 financial crisis and the period immediately following the 9/11 terrorist attacks.

August 24
2020

As Covid-19 Clobbers Tourism, Millions Lose a Lifeline

Since this once-sleepy stretch of Mexico’s Caribbean coast began its transformation into a glitzy resort community 50 years ago, it has thrived by attracting millions of vacationers during its summer and winter seasons.

August 24
2020

The Best French Castles for a Romantic, Countryside Escape

From Michelin-starred restaurants and authentic Renaissance decor to sweeping views of rolling hills and on-site wineries, these French castle hotels have pulled out all of the stops to make a far-flung vacation as indulgent as possible.

August 24
2020

Palantir's direct listing breaks with Spotify and Slack in one critical way that affects insiders' ability to cash in their shares

Palantir Technologies is planning to go public via a direct listing, the same method pioneered by Slack and Spotify, but it may do so with a twist that could help shore up confidence in the money-losing tech company.

August 19
2020

Airbnb files confidential IPO paperwork

Airbnb on Wednesday announced that it has submitted a draft registration to the Securities and Exchange Commission for an initial public offering.

August 19
2020

U.S. weekly jobless claims jump back above 1 million

The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy as lawmakers struggle to move forward on a new pandemic stimulus package.

August 18
2020

Amazon Bets on Office-Based Work With Expansion in Major Cities

Amazon.com Inc. is expanding its physical offices in six U.S. cities and adding thousands of corporate jobs in those areas, an indication the tech giant is making long-term plans around office work even as other companies embrace lasting remote employment.

August 18
2020

Simon, the Biggest U.S. Mall Owner, Shows Two Sides: Innovator and Traditionalist

Mall owner Simon Property Group is pursuing an unorthodox business strategy, smashing the foundation of the traditional industry model on the one hand while trying to glue certain elements of it back together with the other.

August 18
2020

For Chicago Shop Owners, Delayed Insurance Payouts Follow Looting

As smaller restaurants and shops in Chicago try to rebuild after a resurgence in looting this month, they face another potential setback: delays from the rush of insurance claims and the prospect of much higher premiums next year.

August 16
2020

Treasury Bears Bank on Stimulus Deal, Strengthening Recovery

Hefty bets against the U.S. government bond market paid off last week. Whether it’s a short-term win or the trade of the year depends on what happens next in Washington.

August 15
2020

Palantir Technologies could be the next company to go public in a direct listing. Spotify and Slack give clues to what that could look like.

It would make Palantir the third technology company to do a direct listing, a alternative public listing process pioneered in the industry by Spotify in 2018 and Slack in 2019.
Spotify and Slack both hired Goldman Sachs, Morgan Stanley, and Allen & Company as financial advisors on their direct listings. It's unclear who Palantir will work with.

August 14
2020

How the S&P 500 Performed During Major Market Crashes

Like spectacular market peaks, market crashes have been a persistent feature of the S&P 500 throughout time.

Still, the forces underpinning each rise and fall are often less clear. Take the COVID-19 crash, for example. Despite lagging economic growth and historic unemployment levels, the S&P 500 bounced back 47% in just five months, in a stunning reversal.

August 14
2020

10 investment themes for the next 10 years

As Microsoft founder Bill Gates has noted, “We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10.”


 
Join us on a journey to 2030, as we imagine what changes to the investment landscape could take place over the next decade. To get there, we asked three Capital Group investment professionals on a recent webinar to offer their perspectives on the trends they believe could shape the future for investors. Here are 10 themes that they discussed: 

August 14
2020

Boat of the Week: This Vintage Superyacht Blends Classic 1920s Design With Modern Tech

'Fair Lady' has been meticulously restored to look like a 1920s Art Nouveau showpiece, but without sacrificing modern comforts.

August 13
2020

Soho House Just Opened Its First Outpost in Greece

The chain of boutique hotels and member’s clubs has stationed the newest addition to its real estate portfolio along a rocky portion of the Cycladic coastline overlooking the water. Officially dubbed Soho Roc House, its amenities include 45 beautifully appointed bedrooms, a restaurant, a fully equipped gym and even a poolside veranda.

August 13
2020

Exclusive: First Look at the Beverly Hilton Hotel’s New Presidential and Penthouse Suites

Opened by Conrad Hilton in 1955, The Beverly Hilton has long been a Los Angeles icon, known as the place where the see-and-be-seen set lounge around the famous Aqua Star Pool (the largest pool in Beverly Hills) and boldfacers gather each year for the Golden Globe Awards and the Pre-GRAMMY’s Gala. But, as with many Hollywood legends, there comes a time for a little nip-and-tuck—which the 566-room hotel just underwent with a $35 million renovation. As part of that now-completed project, the hotel has unveiled a new look for the top-level Presidential Suite and the sixteen Penthouse Suites, and Robb Report has the first peek at the images of these posh new rooms.
 

August 12
2020

Tesla announces five-for-one stock split

Tesla shares rose more than 6% in post-market trading even though the stock split changes nothing fundamental about the stock. Theoretically, the move could mean more smaller investors could afford the stock, but those investors are minuscule compared to major institutions. What’s more, most brokerages offer fractional trading now anyways, allowing small traders to buy a slice of expensive stocks.

August 12
2020

Airbnb Plans to File for IPO in August

Airbnb Inc. is close to filing to go public in a move that would underscore a surprising rebound for the home-sharing giant and the IPO market.

August 10
2020

Pier Luigi Loro Piana Is Suing a Transport Firm Over the Loss of His Superyacht

The Italian billionaire's 130-foot vessel "My Song" was considered unsalvageable after it fell off the deck of a cargo ship.

August 9
2020

Amazon and Mall Operator Look at Turning Sears, J.C. Penney Stores Into Fulfillment Centers

The largest mall owner in the U.S. has been in talks with Amazon.com Inc., the company many retailers denounce as the mall industry’s biggest disrupter, to take over space left by ailing department stores.

August 9
2020

109-Year-Old Veteran and His Secrets to Life Will Make You Smile

Meet Richard Overton, America's oldest veteran. In this lively short film by Matt Cooper and Rocky Conly, hear the whiskey-drinking, cigar-smoking supercentenarian reveal his secrets to a long life.

August 7
2020

Goldman’s chief economist isn’t cheering after jobs report: ‘This is a somewhat dated number’

The Labor Department’s July jobs report, which came in better-than-expected, is positive, but jobs growth could falter in the face of rising cases and new restrictions, according to Goldman Sachs’ chief economist.

August 6
2020

Manhattan apartment deals plunge 57%, suburban real estate surges

Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer.

August 6
2020

U.S. weekly jobless claims total 1.186 million, lowest level of the coronavirus pandemic

Weekly jobless claims hit their lowest level of the pandemic area, totaling 1.186 million last week, well below Wall Street expectations.

August 6
2020

Manhattan apartment deals plunge 57%, suburban real estate surges

Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer.

August 3
2020

The 25 Greatest Supercars of the Last 100 Years (and Beyond)

From an early Rolls-Royce to a present-day Pagani, these iconic four-wheelers continue to fuel our imagination.

August 3
2020

Paris Rolls Out Red Carpet for Those Who Can Make It

Travel restrictions on the U.S. and China, and the threat of a coronavirus rebound, have kept most foreigners away

August 1
2020

House prices recover in July

nnual house price growth has recovered to 1.5 per cent in July, according to the latest Nationwide House Price Index.
 
The figures, published today (July 31), also found that prices rose month-on-month by 1.7 per cent, in contrast to the fall of 1.6 per cent in June.

August 1
2020

Former CEO Of Artificial Intelligence Company Buys Historic Napa Valley Winery

July 31
2020

Microsoft Is in Talks to Acquire TikTok, as U.S. Considers Banning the App

Microsoft Corp. is in advanced talks to acquire the U.S. operations of the Chinese-owned video app TikTok, according to people with knowledge of the discussions, in a deal that would be a concession to White House pressure and make the software giant a major player in social media.

July 29
2020

As Private Jet Charters Rise Amid Covid, So Do Offers for Fake and Illegal Flights

Fraudsters are taking advantage of the jump in demand for private flights.

July 29
2020

Virgin Galactic Reveals Its New SpaceShipTwo Cabin Reveal

Sir Richard Branson, CEO of Virgin Galactic, guiding a live walkthrough of the new SpaceShipTwo cabin

July 28
2020

A Look at the Fastest Superyacht of Its Time

Meet the ultimate Bond girl: the famed 1980s-era superyacht, M/Y Octopussy. Interior designer Jeff Lincoln takes us aboard the refurbished, retro-chic ship.

July 28
2020

US Bank Tower’s $430 Million Sale Price Is ‘Great Deal’

Downtown’s iconic U.S. Bank Tower has a buyer. The building’s owner, Singapore-based OUE Ltd. plans to sell the property for $430 million. That’s up from the nearly $368 million the company paid for it in 2013. It’s a significant discount, however, over what the price was expected to be.

July 28
2020

After an Amazon Stock Surge, Jeff Bezos’s Net Worth Jumps $13 Billion in a Single Day

The wealth increase was the single largest ever recorded by the Billionaires Index.

July 27
2020

Virgin Galactic is unveiling the cabin of its rocketship that will fly people to the edge of space, and you can watch a live virtual tour on YouTube

Sixteen years after Richard Branson founded Virgin Galactic, the company plans to unveil the interior design of its centerpiece suborbital rocket ship, SpaceShipTwo.

The vehicle is designed to fly to supersonic speeds and pierce the unofficial boundary of space some 62 miles above Earth.

July 24
2020

Wealthy buyers snap up ‘safe haven’ private islands to flee pandemic

With its pristine beaches, coral reefs and 32 acres of lush tropical gardens, Fiji’s Mai Island could be the perfect place to hunker down and see out the coronavirus pandemic. And for a few million dollars it could be yours. The island, which has previously been on the market for just over $4m, is one…

July 23
2020

Hong Kongers eye UK property as they weigh escape routes

British homes are relatively cheap for city residents unnerved by new security law.

July 23
2020

One of the 3 Remaining Ford GT40 Prototypes Is Now up for Sale

A lot of time and effort goes into the development of any car, let alone one as historically and culturally significant as the Ford GT40. And now, one of the five prototypes models used during testing, could be yours after it was listed for sale

July 23
2020

Home of the Week: Inside an Ultra-Modern $30 Million Mansion That Overlooks the San Francisco Bay

Venture capitalist Todd Chaffee snapped up the seaside lot on Belvedere Island, on the north side of San Francisco Bay in 2000. And he proceeded to spend five years and a reported $25 million, building his 7,000-square-foot dream home.

July 21
2020

EU leaders reach recovery deal after marathon summit

EU leaders have struck a deal on a huge post-coronavirus recovery package following a fourth night of talks. It involves €750bn (£677bn; $859bn) in grants and loans to counter the impact of the pandemic in the 27-member bloc.

July 21
2020

First $46 million Bombardier Global 5500 Delivered

The world's newest private jet is an upgrade to the existing Global 5000 but boasts a greater range and maximum speed thanks to new Rolls-Royce engines.

July 20
2020

Jack Ma’s Ant Group Plans Dual IPOs in Shanghai, Hong Kong, Bypassing New York

Ant Group Co., the Chinese technology and financial-services giant that owns popular mobile-payments network Alipay, said it is planning initial public offerings in Hong Kong and Shanghai, bypassing New York as it seeks to accelerate its growth in China and abroad.

July 20
2020

Barbados tempts remote workers with 12-month visas

Barbados is planning to introduce a 12-month visa that would allow remote workers to swap cramped city apartments for the island’s white sandy beaches, blue sea and year-round sunshine.

July 19
2020

Feds Move to Seize ‘The Mountain,' a Stunning 157-Acre Beverly Hills Property Once Listed for $1 Billion

Prosecutors moved to seize assets, including a 157-acre undeveloped mountaintop overlooking Los Angeles, purchased with funds allegedly embezzled by former high-level officials in Kuwait's Ministry of Defense, the U.S. Attorney's Office announced Friday

July 18
2020

The Waldorf Astoria — the monster of Manhattan.

The Waldorf Astoria was once the tallest, largest and grandest place to live in the world, but it is a building with a double identity and a strange history.

July 17
2020

Inside Heesen’s Biggest, Baddest Superyacht Yet

The Cosmos 80m superyacht is not just the largest yacht ever made by Heesen Yachts, it's the fastest in its class, too.

July 17
2020

285-Foot Superyacht with Glass-Bottomed Pool Overlooking its Beach Club

This 285-Foot Feadship Superyacht Has a Glass-Bottomed Pool That Overlooks Its Beach Club.

July 16
2020

U.S. retail sales pop more-than-expected in June

U.S. retail sales rose 7.5% in June, vs 5.0% increase expected.

July 14
2020

JPMorgan Sets Aside More Than $10 Billion to Cover Coronavirus Loan Losses

JPMorgan Chase & Co. set aside $10.47 billion to cover potential losses on loans to borrowers hurt by the coronavirus pandemic, cutting its second-quarter profit in half.

July 14
2020

One Of The World’s Newest And Largest Sailing Superyachts Turns Heads In The Mediterranean

SEA EAGLE II is going to be as fun to sail between the world’s most luxurious ports as it will be to hang out in the world’s most luxurious ports.

July 13
2020

Celebrity Estates: Arnold Palmer and Investing in Wine

What does a wine investment entail, monetarily and logistically, and how do you plan for it?

July 12
2020

New Airbus A220 being eyed for use as a private jet by the mega-rich

The new Airbus A220 is being eyed for use as a private jet. See inside a $91.5 million design with its own cinema suite and master bedroom.

June 30
2020

Cirque du Soleil Files for Bankruptcy

Cirque du Soleil has filed for bankruptcy protection in Canada, with plans to file for Chapter 15 bankruptcy protection in the U.S. three months after canceling dozens of shows worldwide due to the pandemic.

June 22
2020

How the World’s No. 1 Ranked Restaurant Is Reinventing Itself Around the Moon and the Stars

Mauro Colagreco spent the Covid-19 closure rethinking Mirazur.

June 21
2020

The 5 Best International Restaurants of the Year

The best food is always worth traveling for.

June 9
2020

Summer Camp Canceled? This Luxury Travel Company Will Set Up Your Own Private Family Version

With customized activities for both kids and families, private jet and chef options and more, Embark Beyond’s bespoke camps are coming to the rescue of parents this summer.

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