Wealthy investors and family offices are moving more of their money out of bank cash balances and into Treasurys, money markets and other short-term instruments, according to wealth advisors. High net worth investors typically keep millions of dollars or even tens of millions in cash in their bank accounts to cover bills and unexpected expenses.
Wealth
Chinese tourists are raring to travel again. But this time, the usual suspects — Venice, Paris and Madrid, for example — aren’t their top picks. As China’s reopening gains momentum after three years of Covid-19 restrictions, the country’s travel-hungry citizens are emerging much changed, according to the Chinese Outbound Tourism Research Institute, an independent consulting company
History enthusiasts, people who want to sleep where royalty has stayed, and fans chasing connections with hit television shows like “Bridgerton.” Those are some of the types of travelers a new “collection” of historical castles, manor houses and grand homes in the United Kingdom and Ireland is hoping to attract. Storied Collection is a travel
Escaping to the Greek islands is the stuff of fantasy for many, at best lived out over a two-week vacation. For others, it’s a lifestyle choice. If, that is, they have the money to spend. Greece has seen a surge in the number of people applying for its “residency by investment” program in 2022, even
The rise of artificial intelligence-powered chat products like ChatGPT have a lot of people wondering what sort of tasks AI can already handle as well as humans. Now, you can add “interviewing Bill Gates” to that list. Recently, the billionaire Microsoft co-founder sat down with U.K. Prime Minister Rishi Sunak as the two answered questions
Inflation and higher living costs may be weighing on consumers’ wallets, but there’s one area where many are unwilling to cut back: their desire to travel. Almost one third (31%) of travelers said that they intend to spend more on travel this year than they did in 2022, according to a recent report from the
“For women, legacy often means more than passing wealth down to the next generation; it also means being capable of positively impacting the lives of others,” Marianna Mamou, head of “advice beyond investing” at UBS Global Wealth Management, told CNBC Make It. Paul Bradbury | Ojo Images | Getty Images Men and women have very
Sipping a cold pint of beer in Budapest can cost $2. Dinner for two in a pub in Prague? About $22. And a month’s rental for a sleek studio apartment in the center of the Portuguese city of Porto can set you back $650. With these sorts of living costs, it’s no surprise that many are
D3sign | Moment | Getty Images The April 18 federal tax deadline is only six weeks away, and if you haven’t filed yet, you may qualify for free preparation. While many prefer a paid preparer, free filing options may be worth exploring for simple returns, such as filings with only a couple of W-2 forms,
Before Mark Cuban splurged on sports teams and private jets, he drove cars that didn’t cost him more than $200. He even got one for free, Cuban told Bill Maher on a December episode of the Club Random Podcast. One of his first cars, a 1977 Fiat X1/9 with holes in the floorboard, died after
In this article MAR IHG-GB H HLT Follow your favorite stocksCREATE FREE ACCOUNT Finding a great hotel deal may be harder than ever before. Hotel rates are at an “all-time high,” Alan Watts, Hilton’s Asia-Pacific president, told “Squawk Box Asia” on Thursday. Rates are being fueled by travel demand that is like “a feast …
You never get a second chance at a first impression — which Barbara Corcoran learned the day she met her “Shark Tank” co-star Mark Cuban. That initial encounter was Corcoran’s “most embarrassing moment on ‘Shark Tank,'” the Corcoran Group founder said in a recent TikTok video outlining the incident. As she recounted, it was 5:30