Despite data to the contrary, the Treasury Secretary made the case that the K-shaped economy no longer exists.
Category: High Net Worth Individuals
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Bessent Declares Widening Gap Between Rich and Poor ‘Dead’
The New York Times – Business: -
Ronald Lauder, a Billionaire G.O.P. Backer, Closes His Wallet
The New York Times – On the Runway:Ronald S. Lauder, a major funder of conservative political causes, has not given a single dollar this year to Republicans in his home state, and his super PAC has gone idle.
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The Ultra-Rich Are Moving to Miami, and Want Their Money Managers There, Too
The New York Times – Business:Tax incentives, among other benefits, have drawn the ultrawealthy to the city. And they need space for the firms that manage their money.
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Even the Rich Can’t Escape Cyclospora, Ticks, Heat Waves and Other Summer Scourges
The New York Times – Fashion & Style:With heat waves throttling the Northeast, lone star ticks on Martha’s Vineyard and cyclospora in our salads, not even the rich can escape the impact of climate change.
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Even the Rich Can’t Escape Cyclospora, Ticks, Heat Waves and Other Summer Scourges
The New York Times – Fashion & Style:With heat waves throttling the Northeast, lone star ticks on Martha’s Vineyard and cyclospora in our salads, not even the rich can escape the impact of climate change.
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The Rise of Racetrack Country Clubs: ‘Racing Is Golf on Steroids’
The New York Times – Business:A motorsports club north of Miami, on former orange groves, is being built to cater to enthusiasts and well-heeled novices eager to hit the gas and pull some Gs.
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In San Francisco’s A.I. Era, Even $180,000 Tech Salaries Are No Longer Enough
The New York Times – Business:As OpenAI and Anthropic prepare to go public, tech workers making six figures are grousing that they cannot compete with the new A.I. elite. Some doubt they can afford to stay.
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How Delta Steered Around Airline Industry Chaos
The New York Times – Business:The carrier has become the country’s most profitable by catering to affluent travelers, but it is facing stiffer competition from United.
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Ferrari Unveils Luce, Its First Fully Electric Car
The New York Times – Business:The Italian sports car maker unveiled Luce, its first all-electric model, on Monday amid wider worries about the luxury E.V. market.
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For Struggling JetBlue, Spirit’s Demise May Offer an Opportunity
The New York Times – Business:JetBlue Airways is adding flights at Spirit Airlines’ former home airport as it tries to turn a profit again.
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What Elon Musk’s Clash With Sam Altman of OpenAI Is Really About
The New York Times – Business:Mr. Musk’s lawsuit against Mr. Altman and OpenAI makes the case that all-encompassing greed is Silicon Valley’s defining feature.