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‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The rich have taken “quiet wealth” to a new level, turning to private purchases of mansions, art and classic cars designed to avoid […]
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Wayfair to open its first large store, as physical locations make a comeback
Wayfair store in Wilmette, Illinois. Courtesy: Wayfair What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In an ironic twist for a company that became a $12 billion powerhouse by persuading consumers to […]
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Media companies look to woo advertisers as spending shifts to digital
Kevin Mazur | Getty Images Entertainment | Getty Images Media giants are making their annual pitches to advertisers this week against the backdrop of significant disruption in the industry. The Hollywood writers and actors strikes are over, meaning Upfronts will likely be star-studded once again, major cost cutting is largely in the rear view mirror […]
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Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
A Redfin sign in front of a home for sale in Atlanta, Georgia, on Sunday, Nov. 13, 2022. Elijah Nouvelage | Bloomberg | Getty Images Strong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again. Home prices in February jumped 6.4% year over year, another […]
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Here is where the world’s best .001% are putting their cash, in accordance to wealth gurus
Yana Iskayeva | Minute | Getty Photos The uber wealthy are living a entire world apart and their investing approaches also search vastly various from the average investor’s portfolio. “When there is no official threshold, centimillionaires or folks with a total web truly worth of over $100 million, is a very good benchmark as entry […]
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Lululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint
Lululemon is planning to shut down its Washington distribution center and lay off 128 employees after opening a massive new warehouse outside of Los Angeles, the company confirmed Friday. The athletic apparel retailer filed a WARN notice with the state’s Employment Security Department on Thursday, notifying it of its plans to close its distribution center […]
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Biden admin, U.S. ports prep for cyberattacks as nationwide infrastructure is qualified
Cranes rest idle whilst waiting for a ship to dock to get rid of cargo containers in Los Angeles Harbor on March 14, 2024. Genaro Molina | Los Angeles Times | Getty Illustrations or photos A prime Biden cybersecurity formal urged the nation’s ports in a joint simply call on Wednesday to have their data […]
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Amazon is making an attempt to get rid of its signature brown bins. The retail delivery large has a prolonged way to go
Amazon parcels are well prepared for delivery at Amazon’s Robotic Achievement Centre on December 19, 2023 in Sutton Coldfield, England. Nathan Stirk | Getty Pictures Information | Getty Images Every single 12 months, the U.S. goes by way of sufficient cardboard boxes for shipping and delivery to pave a just one-mile-huge highway from New York […]
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EV charging for the U.S. freight trucking market is commencing to scale
A CCS charging port on a Volvo VNR electric truck at Hight Logistics in Prolonged Seashore, California, US, on Monday, Dec. 5, 2022. Bloomberg | Bloomberg | Getty Illustrations or photos A single of the initially EV charging stations of scale for freight vehicles is opening near the main ports of Los Angeles and Extensive […]
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JetBlue cuts routes spanning Los Angeles to Lima in race to lower expenses
A JetBlue Airways aircraft prepares to just take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024. Joe Raedle | Getty Visuals JetBlue Airways told employees on Tuesday that it is culling a host of routes, producing it the carrier’s most recent transfer to lower costs in the wake […]
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