Private deals for mansions, art and cars on the rise

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 … Read more

Wayfair to open first large store outside of Chicago

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 … Read more

Media companies woo advertisers as spend 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 … Read more

Brian Wilson Of Beach Boys Requires Conservatorship

LOS ANGELES (AP) — A judge found Thursday that Beach Boys founder and music luminary Brian Wilson should be in a court conservatorship to manage his personal and medical decisions because of what his doctor calls a “major neurocognitive disorder.” At a hearing, Los Angeles Superior Court Judge Gus T. May approved the petition filed … Read more

Here’s where the world’s top 0.001% are putting their money, according to wealth experts

Yana Iskayeva | Moment | Getty Images The uber wealthy live a world apart and their investing strategies also look vastly different from the average investor’s portfolio. “While there is no official threshold, centimillionaires or individuals with a total net worth of over $100 million, is a good benchmark as entry into the 0.001% club,” … Read more

Lululemon to shutter Washington warehouse, lay off 128 employees

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 … Read more

Biden admin, ports prep for cyberattacks as U.S. infrastructure targeted

Cranes rest idle while waiting for a ship to dock to remove cargo containers in Los Angeles Harbor on March 14, 2024.  Genaro Molina | Los Angeles Times | Getty Images A top Biden cybersecurity official urged the nation’s ports in a joint call on Wednesday to have their data encrypted, rapidly patch any vulnerabilities … Read more

Why tipping is different here

In July 2020, my husband and I left Los Angeles with our two small kids, to visit his family in a small town in the Danish countryside. We didn’t realize the trip would result in a permanent move and a new adventure. When a 1700’s farmhouse came on the market, we took a chance and … Read more

Amazon’s long journey to get rid of its signature brown boxes

Amazon parcels are prepared for delivery at Amazon’s Robotic Fulfillment Centre on December 19, 2023 in Sutton Coldfield, England.  Nathan Stirk | Getty Images News | Getty Images Every year, the U.S. goes through enough cardboard boxes for shipping to pave a one-mile-wide road from New York City to Los Angeles three times, or build … Read more

Feds raid Sean Combs properties in LA, Miami on New York warrants

Sean “Diddy” Combs attends Sean “Diddy” Combs Fulfills $1 Million Pledge To Howard University At Howard Homecoming – Yardfest at Howard University on October 20, 2023 in Washington, DC. Shareif Ziyadat | Getty Images Federal agents on Monday raided homes owned by hip-hop music mogul Sean Combs in Los Angeles and Miami, NBC News reported, … Read more