Author: Editor-In-Chief
A version of this article first appeared in CNBC’s Inside Wealth newsletter by Robert Frank, a weekly guide for high-net-worth investors and consumers. Sign up to receive future editions directly to your inbox.Major luxury goods stocks have fallen more than 15% since the start of the Iran war, and sales in the increasingly important Middle East market could be halved, analysts said.shares of LVMH and hermes They are down about 16% and 20%, respectively, this month. S&P500 The decline was less than 6%. shares of ferrari Sales have also fallen by 15%, and the company announced it will temporarily suspend…
Saturday, October 11, 2025, Bank of America branch in New York, USA. Michael Nagle | Bloomberg | Getty Imagesbank of america The bank has agreed to pay $72.5 million to victims accused of aiding and abetting notorious sex offender Jeffrey Epstein’s sex trafficking, a New York federal court filing revealed Friday evening.The settlement, in which BoA denied wrongdoing, is the fourth settlement by a major bank of legal claims brought by Epstein’s victims and government agencies alleging that Epstein effectively aided and abetted human trafficking while he was a client. The settlement with BoA must be approved by a judge…
Saturday’s newspaper top news and transfer rumors…premier leagueAdam Wharton is set to leave Crystal Palace this summer. Manchester United target believes he is ready to take the next step and wants to join the Champions League club – The Sun Tottenham Hotspur will consider turning to Sean Dyche to save the club from relegation if first-choice Roberto De Zerbi continues to insist he only take over at the end of the season, says The Telegraph Use Chrome Browser for a more accessible video player Tim Sherwood has described Spurs’ current situation as “daunting”, saying they are in serious danger of…
Higher oil prices tend to push up food prices, but that doesn’t mean shoppers need to rush to stock up, economists say.Brent crude used to trade near $60 a barrel but has soared to more than $100 a barrel in recent weeks as the Iran conflict disrupts the flow of oil through the Strait of Hormuz, through which about a fifth of the world’s oil is transported. Rising oil prices could raise costs across the food supply chain, from fuel used in agriculture and fertilizer production to transportation and refrigeration, according to the St. Louis Fed.Many consumers are already responding,…
In the snowy, quiet town of Kumamoto, a few dozen Japanese office workers in safety helmets and sneakers crouched low in office chairs, eyes fixed on the starting line, ready to take off. The horn sounds and they take off, using all the muscles in their legs to kick the ground and move backwards. Every time a rider zips through the streets or takes a sharp corner, people cheer in the background. This is office chair racing, a growing sport in Japan where teams of three compete to complete as many laps of a 20km or more circuit as possible…
In Round 6 of the Super League, Hull KR defeated St Helens Sewell 52-10 as Sewell Group Craven Park, scoring nine tries.As the 30th anniversary part of Super League continues, Hull KR got back to winning ways in some style and marked it by outscoring St Helens on every front. With St Helens crumbling in the first half, Hull KR ran riot and took the lead with doubles from Mikey Lewis and Joe Burgess, as well as a try from Jez Ritten. Lewis added another point with four of five tries and a penalty conversion, giving the home side an…
According to a recent DatingNews.com survey of 1,000 American adults, single Americans are hoping to meet their partner in person this year. 65% say they are looking for romance in real life, with 48% looking to meet people through friends or colleagues, 31% through dating or singles networking, and 24% through internet-based or lifestyle events.That makes sense, says Natasia Miller, a relationship expert and founder of sexual wellness company Wanderlust. “When you meet someone in person, you can gauge compatibility and energy levels that you can’t measure on an app.”Miller shares some questions she recommends asking when meeting a potential…
Manuel Ugarte was booked twice but not sent off in England’s game against Uruguay, with Ian Wright claiming the referee’s controversial decision on refereeing night was a “halfway decision”. The Uruguayan was given a yellow card in the 71st minute for a foul on Cole Palmer and was booked again 10 minutes later for a challenge after Ben White’s opener. A red card should have been shown, but German referee Sven Jablonski kept it in his pocket. England defender Harry Maguire said of the incident: “We had heard that Ugarte was shown two yellow cards and the second one was…
The photo shows a view of the Dubai skyline on September 12, 2024. Giuseppe Cacasse | AFP | Getty ImagesMarkets across the Gulf region have diverged widely since the Middle East conflict began, with investors weathering wild swings in energy prices and markets still reeling from geopolitical turmoil.Saudi Arabia and Oman both outperformed other regional indexes, with Oman’s index up 9.3% and Saudi Arabia’s Tadawul index up 5.8% since March 1, the day after war began on February 28. In contrast, Dubai’s DFM composite index fell nearly 16% over the same period, Qatar’s fell 4% and Bahrain’s BAX fell 7.2%.Damanik…
Ben White was booed by England fans after scoring, but conceded a penalty to give Uruguay a 1-1 draw as the Wembley crowd gave a harsh verdict on his return to the international stage.White hit the back post to score his first international goal, but his celebrations were met with jeers. There were more boos when a VAR check determined that he had fouled Federico Vinas, allowing Fede Valverde to equalize with a penalty in the 94th minute. Even at full time, voices of dissatisfaction could be heard from the stands. On a night when England’s players were supposed to…