Kelcie Lesko and Tim Khalil remember the moment when they gave up on buying their first home. It was June 2023, when U.S. homebuyers were scrambling to beat out rising mortgage rates and snatch up what they could from a limited number of units on the market. Amid soaring house prices, many buyers made all-cash … Read more
Republican presidential nominee and former U.S. President Donald Trump attends a press conference at Trump National Golf Club, in Rancho Palos Verdes, U.S., September 13, 2024. David Swanson | Reuters Former President Donald Trump on Tuesday vowed that he would “get SALT back” if reelected, apparently suggesting that he would eliminate the cap on state … Read more
Staff members counting RMB cash deposited by customers in China’s Nantong city. Cfoto | Future Publishing | Getty Images The world’s super rich club expanded significantly over the past 10 years, with China leading the charge, according to the latest report from New World Wealth and investment migration advisor Henley & Partners. The number of centimillionaires … Read more
SAG HARBOR, N.Y. (AP) — Justin Timberlake urged drivers not to get behind the wheel of a car after even a single alcoholic drink on Friday, shortly after pleading guilty to driving while impaired in New York’s Hamptons earlier this year. The public safety announcement in front of the Sag Harbor police department was part … Read more
Mortgage rates are falling, but that doesn’t guarantee homes will be more affordable in 2025. The average 30-year fixed mortgage rate dropped to 6.2% as of Thursday, down from a peak of 7.79% in May. For many buyers, that means saving hundreds on mortgage payments. But those savings are bringing buyers back into the market. … Read more
Here are five key things investors need to know to start the trading day: 1. Four-ward The S&P 500 marked its fourth winning day in a row Thursday, gaining 0.75%. The Nasdaq Composite did even better, rising 1%, as investors snapped up tech names, while the Dow Jones Industrial Average added 235.06 points, or 0.58%. The gains came … Read more
Canada’s consul general in New York told members of a House of Commons committee on Thursday that he had nothing to do with the purchase of the country’s new official residence in New York City, and he doesn’t know when he will be moving in. Former CTV journalist Tom Clark was called before the House … Read more
Republican U.S. vice presidential nominee Senator JD Vance gestures as he speaks during an event at Kenosha City Courthouse in Kenosha, Wisconsin, U.S. August 20, 2024. Marco Bello | Reuters Over the past decade, Republican vice presidential nominee Sen. JD Vance of Ohio has quietly built a network of allies on Wall Street, one that … Read more
Tarpon Island, a private island in Palm Beach, Florida, sold for $150 million in May 2024. CNBC 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. Sales of ultra-luxury homes surged in … Read more
Back in 2020, during the height of the pandemic—at a time when most of us were more likely to be binge-watching The Real Housewives or trying (and failing) to master the art of sourdough—Isabella Burley launched a business. As the chief marketing officer of Acne Studios and the former editor-in-chief of Dazed, Burley had spent … Read more
