Author: Editor-In-Chief
The global wealth boom is fueling the creation of record numbers of family offices. It also comes with its own problem of scammers. Fundraisers and scammers are posing as family office representatives to scam gullible investors, but some are just in it to “pump their egos,” several industry veterans told CNBC. “Fake family offices are rapidly increasing,” said Ronald Diamond, who runs Diamond Wealth, a co-investment syndicate of more than 100 families. “There’s all the money in family office space right now. So every bank, every law firm, every accounting firm wants a piece of (that money). So if you…
On September 13, 2023, gallium crystals are seen in a laboratory at the Freiberg University of Mining in Saxony, Germany.Picture Alliance | Picture Alliance | Getty ImagesChina has lifted a number of restrictions on exports of critical minerals and rare earth materials to the United States, in a sign that the trade ceasefire between the world’s two largest economies remains in place.China’s Ministry of Commerce announced on Friday that it would suspend for one year some export controls on critical minerals used in military equipment, semiconductors and other high-tech industries.The suspended restrictions, first imposed on October 9, include export restrictions…
Kuala Lumpur, Malaysia AP — Rescuers in Malaysia recovered the bodies of seven Myanmar migrants from a capsized boat carrying dozens of people and found 13 people alive, authorities said Sunday. Vice Admiral Romli Mustapha of the Malaysian Maritime Enforcement Agency said preliminary investigations showed the ship left the town of Buthidaung in Myanmar’s Rakhine state with about 300 people on board. Police and maritime authorities said the passengers appeared to have split into three small boats as the ship approached Malaysia. One of the boats is believed to have sunk near Koh Tarutao in southern Thailand on Thursday, and…
Luke Humphries’ stunning nine-darter victory over Michael Smith sealed Luke Littler’s place in the last 16 on day two of the Grand Slam of Darts in Wolverhampton. The world No. 1 ended the match with two great finishes. After really heating up the contest with an impressive 139 in the fourth leg, he kept his cool as ‘Bully Boy’ continued to fight back from injury. With the match trailing 4-3 in his favor, ‘Cool Hand’ found perfection, winning 177, 180, T20, T20 and D12, sending the Wolverhampton crowd into chaos.This was Humphries’ second televised nine-darter and fourth on the big…
This photo shows a panoramic view of Nexperia’s headquarters in Nijmegen on November 6, 2025.John Tis | AFP | Getty Images shares of wing tech technologyNexperia, the parent company of chipmaker Nexperia, extended its gains on Monday after the Chinese government agreed to further talks with a Dutch delegation, easing concerns about a global car supply shortage.Shares in Shanghai-listed Wingtech Technology soared as much as 6.4% on Monday after surging 9.7% in late trading last Friday on signs that the battle for control of Netherlands-based NExperia is winding down, according to LSEG data.China’s Ministry of Commerce said in a statement…
With Oscar Piastri languishing in fifth place, Lando Norris took control of the F1 title race by winning a thrilling Sao Paulo Grand Prix. Norris controlled the race superbly from pole position to end a perfect weekend, winning Saturday’s Interlagos Sprint and increasing his lead over McLaren teammate Piastri in the title race to 24 points with three races remaining. Red Bull’s Max Verstappen made a stunning comeback after starting in the pitlane, but was denied second place by Kimi Antonelli in a thrilling finale, giving the Mercedes driver his best result of his rookie season. Use Chrome Browser for…
Traders work on the floor of the New York Stock Exchange (NYSE) on November 7, 2025 in New York City. Spencer Pratt | Getty Images November is historically the best month for the S&P 500 index, with an average gain of 1.8% over the period, according to Stock Traders Almanac.However, during the first full week of the month, stocks were hit by the November rains.of S&P500 and Dow Jones Industrial Average Each decreased by more than 1%, but Nasdaq Composite It fell by about 3%. This was the biggest weekly decline since the tech index fell 10% in the week…
Manchester City beat Liverpool 3-0 at the Etihad Stadium to move into second place.Erling Haaland scored his 99th Premier League goal, scoring an early penalty that was saved by Giorgi Mamadashvili to put City ahead. Slot’s teams proved unable to match Jeremy Doku’s energy as he tormented Liverpool’s defense for long periods of time. Slott may point to Virgil van Dijk’s equalizer, which was controversially ruled out due to Andrew Robertson being in an offside position at the time, but Nico Gonzalez’s deflected shot in first-half stoppage time was a better reflection of City’s dominance. Player rating: Manchester City: Donnarumma…
Castor containers for high-level radioactive waste.Ina Fassbender | Afp | Getty ImagesNuclear power is back, largely due to the skyrocketing demand for electricity, including big tech’s hundreds of artificial intelligence data centers across the country and the reshoring of manufacturing. But it returns with an old and still-unsolved problem: storing all of the radioactive waste created as a byproduct of nuclear power generation.In May, President Trump issued executive orders aimed at quadrupling the current nuclear output over the next 25 years by accelerating construction of both large conventional reactors and next-gen small modular reactors. Last week, the U.S. signed a…
The U.S. Capitol Building appears on North Capitol Street in Washington, DC on November 6, 2025.Eric Lee | Getty ImagesThe Senate was on track Sunday night to pass a deal to end the federal government shutdown that began Oct. 1.A person familiar with the deal told CNBC that enough Democratic senators have agreed to vote in favor of the deal to pass the 60-vote minimum. It will provide funding to the U.S. government until the end of January.A person familiar with the deal said at least eight members of the Democratic caucus would vote in favor of the deal. That…