“Your Friends & Neighbors” strives to comment on the vacuousness of wealth while simultaneously glorifying the spoils of being really, really rich.
Category: High Net Worth Individuals
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Republicans Debate Higher Taxes on the Rich
The idea of raising taxes on rich Americans has caught the Republican Party between its populist ambitions and low-tax instincts.
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Beige Is the Color of Money
Neutral hues have overtaken St. Moritz and other moneyed enclaves. “The ultrawealthy don’t want to show off,” says one luxury designer.
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Wall Street Bursts With Anger Over Tariff ‘Stupidity’
Billionaire investors are in an unfamiliar position, watching and cringing as tariffs roll on and the stock market reels.
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Stock Market Chaos Over Tariffs Could Take Toll on Economy
A big hit to portfolios would be felt acutely by higher-income Americans, whose spending has recently been the biggest driver of the economy.
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American Wealth Is at a Record High. Sentiment Is Low, and Falling.
A surge in U.S. wealth has been driven by stock and home values. But the gains are concentrated at the top, leaving others in a sour economic mood.
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Netflix’s Reed Hastings Gives $50 Million to Bowdoin for A.I. Program
The Netflix co-founder said he wanted his alma mater to become a leader in studying the consequences, and guiding beneficial uses, of artificial intelligence.
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What to Know About the Backlash Against Tesla
Elon Musk’s electric carmaker faces serious headwinds amid his involvement with right-wing politics and the Trump administration.
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Palm Beach Society Goes On, With and Without Trump
At a pair of benefits on this exclusive island, many well-heeled guests were holding their tongues when it came to politics.
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Tesla Stock Falls 8% as Concerns About Elon Musk’s Political Role Grow
The electric-car maker’s stock has had a bumpy ride since the victory of President Trump, who has given Tesla’s chief, Elon Musk, a role in Washington.
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Wall Street Is Getting Antsy With Trump
The contrasting reactions between the overflow and V.I.P. areas at a Trump event encapsulated the finance world’s worries about the new administration’s first month.