Wealth

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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...

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Tariff fears are raising construction costs by up to 20%, says Related Group CEO

Tariff fears are raising construction costs by up to 20%,...

Related said the high end of the real estate market remains strong, especially in...

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Shares of Gucci-owner Kering drop after first-quarter sales slump

Shares of Gucci-owner Kering drop after first-quarter sales...

Shares of Kering fell on Thursday after the French luxury goods group posted lower...

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Donald Trump Jr. co-founds new private members club, Executive Branch, with a $500,000 fee

Donald Trump Jr. co-founds new private members club, Executive...

Executive Branch held a launch party that included members of President Donald Trump's...

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David Sacks, Winklevoss twins start 'Executive Branch' club with $500k membership fee

David Sacks, Winklevoss twins start 'Executive Branch'...

CNBC's Robert Frank reports on a new private membership club in Washington, D.C.

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The wealthy are loading up on cash, gold and family trusts during market turmoil

The wealthy are loading up on cash, gold and family trusts...

Several top executives in wealth management said that unlike the crashes in 2020...

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Tax attorneys say IRS has become a 'zombie' as agency cuts staff and halts audits of the wealthy

Tax attorneys say IRS has become a 'zombie' as agency cuts...

With the IRS expected to lose about a third of its staff after firings and buyouts,...

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More rich Americans are opening Swiss bank accounts fearing U.S. risks

More rich Americans are opening Swiss bank accounts fearing...

Swiss banks say they have seen a surge of interest and business from high-net-worth...

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Europe's luxury sector is showing signs of revival — but China weakness and tariff threats loom

Europe's luxury sector is showing signs of revival — but...

The sector had an upbeat earnings season. But continued weakness in China and U.S....

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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...