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Showing posts with label Wealth. Show all posts
Showing posts with label Wealth. Show all posts

Tuesday, August 18, 2020

Big cities see spike in crime over the summer

The decades-long decline in urban crime rates may be about to turn, leading some to question what the economic ripple effect could be if a spike in crime sends people fleeing to the suburbs. CNBC's Robert Frank reports.

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via Gabe's MusingsGabe's Musings

Here's what happened when the world's most popular islands let tourists back in

The U.S. Virgin Islands is closing its doors to tourists again, and plans to reopen Bali, Hawaii and the Cayman Islands hang in limbo. From the Caribbean to French Polynesia, island destinations are changing tourism plans to cope with rising Covid-19 infections from within and around the globe.

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via Gabe's MusingsGabe's Musings

Thursday, August 13, 2020

What a touch-free airplane bathroom is going to look like

From the door to the sink to the toilet itself, airplane bathrooms are a touch point catastrophe. That's going to change, say companies that are producing "touchless tech" to revamp the entire experience.

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via Gabe's MusingsGabe's Musings

Wednesday, August 12, 2020

Coronavirus pushes classic car collectors online

The Monterey Auction for classic cars will be virtual this year, raising some questions about the classic car economy in the age of coronavirus. CNBC's Robert Frank reports.

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via Gabe's MusingsGabe's Musings

Monday, August 10, 2020

Three restaurants in Istanbul that are redefining a cuisine as old as the city itself

Traditional Turkish food is known around the world, but three restaurants in Istanbul are redefining a cuisine that is as old as the city itself.

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via Gabe's MusingsGabe's Musings

How the coronavirus work-from-home trend is complicating income taxes

The shift to working from home is leading to a heated debate between states over how to tax workers, and, in one instance, pitting New Hampshire against Massachusetts. CNBC's Robert Frank reports.

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via Gabe's MusingsGabe's Musings

Thursday, August 6, 2020

The luxury sector has been hit hard by the virus. And what consumers value has changed

With fewer places to see and be seen, shoppers are slowing their spending, with an estimate from consultancy firm McKinsey forecasting the global luxury goods market will contract by 35% to 39% in 2020.

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via Gabe's MusingsGabe's Musings

Are there medical reasons to not wear a mask? Yes, but not many

A slew of viral videos show people claiming medical exemptions to avoid wearing masks on airplanes and in grocery stories. Doctors say there are legitimate health reasons to do so, but that the list is quite short.

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via Gabe's MusingsGabe's Musings

Manhattan apartment deals plunge 57%, suburban real estate surges

Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer.

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via Gabe's MusingsGabe's Musings

Sen. Bernie Sanders calls for tax on billionaires' gains during the pandemic

Senator Bernie Sanders (I—Vt.) tweeted Wednesday he will introduce legislation that will tax the wealth gains billionaires have made during the coronavirus pandemic. CNBC's "Squawk Box" crew discusses what the move could mean for the markets as well as the upcoming election.

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via Gabe's MusingsGabe's Musings

Manhattan experiencing surplus of unsold apartments as sales contracts plunge

The Manhattan real estate market was supposed to rebound in July, but instead there's a glut of unsold apartments. CNBC's Robert Frank reports.

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via Gabe's MusingsGabe's Musings

Wealth management is picking up momentum, boosting fee income: Analyst

Tay Wee Kuang of Phillip Securities Research tells CNBC's Street Signs that Singapore banks are starting to record loan losses into their reserves, adding that the wealth management sector is picking up the current momentum of economies reopening and boosting fee income.

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via Gabe's MusingsGabe's Musings

Monday, August 3, 2020

The real story about getting rich by investing in gold, cryptocurrency and IPOs

When times feel uncertain, watch out for the recommendations to buy gold or assets supposedly not linked to the stock market. Here's what to know before you invest.

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via Gabe's MusingsGabe's Musings

Sunday, August 2, 2020

Alibaba expanded during the SARS health crisis — and its co-founder has advice to share

Leading a company through crisis is no mean feat. For those that get it right, it can be an opportunity to set the business apart from the pack, according to Alibaba's executive vice chairman.

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via Gabe's MusingsGabe's Musings

From travel pods to private jets, affluent travelers are eager to make vacations happen

Affluent travelers appear to be more resilient than most, making plans and holding onto reservations made pre-pandemic. Industry experts see this resilience among luxury travelers as an encouraging sign that a rebound might be just around the corner.

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via Gabe's MusingsGabe's Musings

Saturday, August 1, 2020

Are you really prepared for a money emergency? This is the financial first-aid kit you need to stock

The coronavirus pandemic has made clear the need for emergency preparedness, especially when it comes to money. Smart personal finance starts with a first-aid kit.

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via Gabe's MusingsGabe's Musings

Thursday, July 30, 2020

China's luxury retail sector is booming even amid the coronavirus outbreak: Hang Lung Properties

The luxury retail market in mainland China has been "very, very strong" from April to July and is likely to hold up well for the rest of the year as long as there is no strong resurgence of the coronavirus, says Ronnie Chan, chairman of Hang Lung Group and its subsidiary Hang Lung Properties.

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via Gabe's MusingsGabe's Musings

Watch these 5 endangered UNESCO sites get digitally restored in a matter of seconds

UNESCO has named 53 sites on its List of World Heritage in Danger. Watch five of these ancient sites digitally transform to how they once looked long ago.

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via Gabe's MusingsGabe's Musings

Wednesday, July 29, 2020

Congress may put the wealth of Big Tech CEOs under the microscope

The CEOs of Alphabet, Amazon, Apple and Facebook will testify in front of Congress on Wednesday in a historic hearing about antitrust concerns as well as the unprecedented wealth created by Big Tech. CNBC's Robert Frank reports.

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via Gabe's MusingsGabe's Musings

Monday, July 27, 2020

New luxury cruises are scheduled to sail to Antarctica this year

While large cruise ships have mostly stopped sailing due to the pandemic, several smaller cruise ships are planning to sail to Antarctica this winter.

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via Gabe's MusingsGabe's Musings