The end of pandemic-era restrictions has unleashed a luxury spending rebound in China. Which Western brands are coming out on top?
Category: High Net Worth Individuals
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In an Unsteady Banking Industry, First Republic’s Problems Stood Out
The bank’s rivals appear on firmer footing this time, in contrast with the widespread panic after the failures of Silicon Valley Bank and Signature Bank in March.
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What I Learned Dogsitting for New York City’s Opulent Elite
In a city of yawning class inequality, some side hustles let you glimpse how the other half lives.
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French Business Titans Top Forbes’s Richest List
Two French business titans, Bernard Arnault of the LVMH empire and Françoise Bettencourt-Meyers of L’Oréal, are named the world’s wealthiest man and woman.
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Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
The New York Times – Business:The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on business and the rich
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Why Companies Are Pushing Premium Products With Higher Prices
The New York Times – Business:Companies are trying to maintain fat profits as the economy changes, making “premiumization” their new favorite buzzword.
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Elizabeth Koch Knows What You’re Thinking
The New York Times – Business:The daughter of Charles Koch, the billionaire right-wing political force, has a new venture that is all about self-investigation. Two words: Perception Box.
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Red McCombs, Car Salesman Turned Media Mogul, Dies at 95
The New York Times – Business:A Texas entrepreneur, he co-founded the media giant Clear Channel, owned pro sports teams and created more than 400 businesses in a variety of industries.
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Hedge Fund Billionaire Gets Billions More to Retire
The New York Times – Business:Bridgewater’s founder, Ray Dalio, retired last year after months of negotiations that guaranteed him a gigantic exit package.
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Bao Fan, Star Banker, Goes Missing in China
The New York Times – Business:Bao Fan, a well-connected banker, is the latest businessman in China to disappear, raising concerns that Beijing’s crackdown on the technology and financial industries will continue.
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‘Last Night in New York’ Review: A Social Chronicler Explains Himself
The New York Times – Movies:A slew of well-off New Yorkers, many of them not very nice, sing the praises of their “Boswell,” David Patrick Columbia, in a new documentary.
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Gautam Adani’s Rise Was Intertwined With India’s. Now It’s Unraveling.
The New York Times – Business:The tycoon often said the Adani Group’s goals were in lock step with India’s needs. Now, the company’s fortunes are crashing, a collapse whose pain will be felt across the country.