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The next generation of family office leaders are likely to borrow more, invest in more alternatives and focus on a variety of philanthropic endeavors, according to new research.Family offices are preparing for a fundamental generational shift, with baby boomers and older generations handing over the reins to Gen X and millennials, whose investments and priorities are also changing. This change could have a significant impact on the more than $5 trillion in assets managed by family offices.According to a Bank of America study, a quarter of family offices have experienced a generational change in the past 10 years, and more…

The next generation of family office leaders are likely to borrow more, invest in more alternatives and focus on a variety of philanthropic endeavors, according to new research.Family offices are preparing for a fundamental generational shift, with baby boomers and older generations handing over the reins to Gen X and millennials, whose investments and priorities are also changing. This change could have a significant impact on the more than $5 trillion in assets managed by family offices.According to a Bank of America study, a quarter of family offices have experienced a generational change in the past 10 years, and more…

Mascot | Digital Vision | Getty ImagesFor Kayleigh Harris, who works in customer service for a credit card company, her day at work now looks very different. Her time was occupied by making phone calls, taking notes, and lengthy card disclosures. Now, thanks to artificial intelligence, they can focus more on each customer, Harris told CNBC.For Shannon, too, AI changed things, but not in a good way. She works in customer service for a telecommunications company in Cardiff, Wales, but did not want to give her last name for fear of being identified by her employer. She told CNBC that…

ParisReuters — A gunman killed one person and injured five others, including a 12-year-old girl, in a shooting incident in a Paris suburb. French President Emmanuel Macron called the attack “terrorist and racist.” “I say what happened today is a turning point, because for the first time ever there was an act of terrorism designed to kill our fellow citizens and children on the basis of the color of their skin or their religion,” President Macron told reporters. The shootings occurred early Friday morning when a gunman opened fire with an automatic weapon at a gas station, medical center and…

American Express Company Chairman and Chief Executive Officer Stephen Squeri speaks at a New York Economic Club event on Thursday, November 10, 2022, in New York, USA.Stephanie Keith | Bloomberg | Getty Imagesamerican express Major credit card companies are cutting thousands of employees as artificial intelligence prepares to take over more internal processes.AmEx will cut 5% of its global workforce and incur $336 million in restructuring costs, Chief Executive Officer Stephen Squery told analysts on the company’s third-quarter earnings call on Friday. The company had approximately 77,000 employees at the end of 2025. Chief Financial Officer Christophe Le Caillec said…

A sign posted in front of Chili’s Restaurant in Rohnert Park, California on December 13, 2024.Justin Sullivan | Getty ImagesRestaurant stocks have been sharply divided this year. And it may have something to do with the number of brands they own.shares of blinker international, Darden Restaurants and restaurant brand international Year-to-date, they’re up about 32%, 18%, and 12%, respectively. All of these companies own multiple restaurant chains, with brands ranging from Chili’s to Olive Garden, Longhorn Steakhouse, Burger King, and Tim Hortons.On the other hand, the following stocks are mcdonalds, chipotle pepper, hippopotamus, wendy’s, shake shack and domino pizza All…

If you feel like you’ve been seeing more and more giant skeletons lately, it’s not just your imagination.What started as a popular novelty just six years ago has become a Halloween staple and a growing business as major retailers expand their lineups of towering monsters each fall to meet demand.”Skelly’s debut in 2020 was truly the genesis of…a fully formed structure that people can place in their yards,” said Tyler Pelfrey, brand communications manager for Home Depot.What followed was a retail arms race of increasingly elaborate creatures, including an undead horse and a zombie velociraptor, with shoppers taking home 85-pound…

Search for “Lego collection” on TikTok and you’ll find shelves crammed with ornate Lego structures — varying in size and complexity, sometimes hundreds of them lined up on a single wall — and no children in sight.In fact, it is children who are driving the US toy industry.A Harris Poll study released Wednesday found that 65% of American adults reported spending $100 or more on playful activities and products, such as craft kits and action figures, for personal enjoyment from June 2025 to June 2026. The survey of 2,158 people ages 18 and older found that 13% of adults reported…

The judge said President Javier Millay’s role in launching the cryptocurrency did not amount to a fraudulent scheme.Published October 24, 2026October 24, 2026An Argentine federal judge has dropped a criminal investigation into the collapse of a cryptocurrency promoted online by President Javier Millay and his sister Karina Millay.Judge Marcelo Martínez de Giorgi issued the ruling on Friday, closing an investigation into Millay’s role in the launch of the Libra token, which crashed after a brief rally, according to court records.Recommended stories list of 3 itemsend of listIn his ruling, the judge said, “The events reported do not amount to a…

Leakage of sensitive data. Massive stock decline. under the surrounding chaos moderna and MerckThe latest data on personalized cancer vaccines has led oncologists to say something else: an important milestone in melanoma treatment.The companies on Thursday announced detailed results from Phase 3 trials of the mRNA-based shot, after partial data was leaked on social media platforms earlier in the day. The vaccine, known as Intismeran autogenic, reduced the risk of melanoma recurrence or death by 42% when used in combination with Merck’s immunotherapy Keytruda compared to Keytruda alone. The combination therapy also reduced the risk of cancer spreading to distant…