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Equinox’s $40,000-a-year membership has a waiting list, says chairman Harvey Spevak
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. Equinox’s $40,000-a-year membership has a waiting list of more than 1,000 people, as demand for luxury health and wellness programs soars, according to […]
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Ultra-rich families spend more on their private investment firms as their fortunes rise
Anciens Huang | Moment | Getty Images 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. As the world’s wealthiest pad their fortunes, they are spending more to run their private investment […]
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In wartime Ukraine, the government is deploying a super app for the citizenry’s future
Digital transformation and reskilling are challenges during the best of times, but Ukraine’s wartime achievements with technology deployment for its citizenry are a unique success story. Despite the full-scale Russian invasion, which happened nearly four years ago and continues to this day, the Ukrainian government has continued working towards President Volodymyr Zelenskyy’s goal of building […]
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From Hyatt to Holiday Inn, America’s free hotel breakfast is facing a K-shaped economic threat
Jeff Greenberg | Universal Images Group | Getty Images At some point in the 1980s and 90s, the free hot breakfast became a staple of the hospitality industry. At many a Holiday Inn or Hampton Inn, the lobby at 8 a.m. is a pinwheel of pajama-clad kids, frazzled parents, and solo business travelers jockeying for […]
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AI startups want to crack open the recipe book in Big Food’s test kitchens
In the world of big food, artificial intelligence is nothing new. McCormick, which owns brands including Frank’s RedHot, Cholula and Old Bay, has been using AI in flavor development for nearly a decade, with the company saying its development timelines have been cut by 20% to 25%, on average, by identifying promising flavor combinations and narrowing down which ideas are […]
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Lunar New Year gives luxury brands a chance to win back big spenders in China
Luxury brands from Harry Winston to Loewe are going all in on Lunar New Year collections in a bid to attract Chinese customers. Ahead of the Year of the Horse, which starts on Tuesday, Harry Winston unveiled a limited-edition, $81,500 rose gold watch with diamond bezels and a red lacquer horse. High-end fashion brand Chloé […]
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Op-ed: The world economy is on the move. Too many roads lead away from Trump and to China
British Prime Minister Keir Starmer attends a ceremonial welcome with Li Qiang, Premier of the People’s Republic of China, ahead of their meeting at the Great Hall of The People during his visit to China, on January 29, 2026 in Beijing, China. Carl Court | Getty Images News | Getty Images The geopolitical tectonic plates […]
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Inside Wealth: Hamptons real estate prices hit record, with 2026 summer rentals going fast
A nine-bedroom, 11,000-square-foot oceanfront home in Bridgehampton, available for rent at $700,000 for any two weeks this summer. Courtesy: Gary DePersia | Corcoran Median home prices in the Hamptons hit an all-time high in the fourth quarter, as Wall Street bonuses and tech wealth fueled a new wave of buyers in the New York beach […]
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Crypto bill talks picking up in Senate after clearing a key vote, Sen. Boozman says
Senate Agriculture Committee Chairman John Boozman, R-Ark., said he feels “very strongly” about reaching Senate agreement — likely this year — on a cryptocurrency market structure bill, even after Democrats backed out of supporting the version his committee advanced last week. “Everybody is really working hard right now and I think getting it through a committee […]
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Where billionaires’ investment firms placed their bets in January
Key Points Investment firms of the ultra-rich started the new year with buzzy investments, including in a motorcycle racing team. But 2026 is hardly off to a roaring start, with family offices making 32% fewer direct investments in January on an annual basis, according to Fintrx. While family offices are making fewer bets, their appetite […]
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