Wealth

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Family offices are moving money out of the U.S. on tariff, economic fears

Family offices are moving money out of the U.S. on tariff,...

Even before President Donald Trump's bombshell tariff announcement Wednesday afternoon,...

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Risks to President Trump's tax bill: Bond market impact and debt in focus

Risks to President Trump's tax bill: Bond market impact...

The cost of President Trump's tax plan rising with every new proposal from Republican...

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Luxury firms face tariff hit as recession fears mount

Luxury firms face tariff hit as recession fears mount

Europe's beloved luxury brands may be largely sheltered from the initial effects...

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Art market offers investors 'escape' from volatile stocks, Christie's CEO says

Art market offers investors 'escape' from volatile stocks,...

Christie's, Sotheby's and Phillips are together offering 295 works at auction next...

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A rare platinum Rolex is heading to auction and could fetch $1.7 million

A rare platinum Rolex is heading to auction and could fetch...

A rare 1999 platinum Rolex Daytona, a one-of-a-kind private commission, could fetch...

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David Adelman is leading the next generation of deal-hungry family offices

David Adelman is leading the next generation of deal-hungry...

Entrepreneur David Adelman said family offices can provide more expertise and more...

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Family offices rattled by market swings and tariffs

Family offices rattled by market swings and tariffs

Investment firms of the ultra-rich have halted new deals until they get more clarity...

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Kering shares plunge 11¯ter Demna Gvasalia named as Gucci's artistic director

Kering shares plunge 11¯ter Demna Gvasalia named as...

Shares of Kering plunged on Friday after the firm announced that Demna Gvasalia...

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Impact of tariffs on housing costs: Here's what to know

Impact of tariffs on housing costs: Here's what to know

CNBC's Robert Frank joins 'Squawk Box' with the latest news.

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Why China is behind the global luxury slowdown

Why China is behind the global luxury slowdown

2024 was one of the weakest years on record for global luxury goods sales. The driving...

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Ferrari says it will raise prices by 10% on some models to offset auto tariffs

Ferrari says it will raise prices by 10% on some models...

Ferrari produces all of its cars at its Maranello factory. Last year, the company...

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Billionaire Jorge Pérez and his sons reveal their three secrets to passing down the family business

Billionaire Jorge Pérez and his sons reveal their three...

As a growing share of family-business founders reach their 70s and 80s, questions...

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Manhattan's luxury real estate market sees best first quarter in six years

Manhattan's luxury real estate market sees best first quarter...

Manhattan apartment sales rose 29% in the first quarter, and the total value of...

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LVMH dethroned by Hermès as world's most valuable luxury stock after sales miss

LVMH dethroned by Hermès as world's most valuable luxury...

Sales were "overall below the most conservative buyside expectations," Citi analysts...

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As Trump targets Harvard and nonprofits, wealthy donors are wary of stepping up their giving

As Trump targets Harvard and nonprofits, wealthy donors...

Many philanthropists are wary of getting caught in the political crossfire, but...