A general exterior view of the Brunello Cucinelli luxury fashion label store in Sloane Street, Knightsbridge on February 17, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty Images Soaring sales at exclusive Italian fashion line Brunello Cucinelli indicate the super-rich are shrugging off tariff concerns even as lesser luxury brands…
Meta CEO Mark Zuckerberg and Square CEO Jack Dorsey. Manuel Orbegozo | Handout | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Even as tax changes may reduce giving by…
Tough talk on tariffs, reports of border detentions and unfavorable exchange rates are putting some travelers, especially Canadians, off trips to the United States this year. But those in Asia say they’re avoiding trips to the U.S. for different reasons. Nearly 80% of Southeast Asian travelers said the United States is losing appeal as a…
United States President Donald Trump speaks to the Press before departs at the White House to Alligator Alcatraz, Florida on July 1, 2025, in Washington DC. Celal Gunes | Anadolu | Getty Images President Donald Trump‘s politically charged new tariff threat — a blanket 50% duty on imports from Brazil — stretches an interpretation of…
Statue of George Mason on campus of George Mason University, Fairfax, Virginia. Robert Knopes | UCG | Universal Images Group | Getty Images The Department of Education said Thursday that it has opened an investigation into George Mason University’s hiring and promotion practices, the second federal probe of the Fairfax, Virginia, school launched in the…
As President Donald Trump intensifies his trade war to stack up tariffs on many Asian countries that produce the goods that consumers in the U.S. rely on, low-cost Asian retail upstarts Temu and Shein may yet find a way back to big success in the U.S. market. The Asian rivals to Amazon were directly targeted…
Workers perfom their duties at the Nien Hsing Textile factory, a global manufacturer of Levi’s jeans, on the outskirts of Maseru, the capital of Lesotho, a small Southern African kingdom that U.S. President Donald Trump ridiculed last month, April 4, 2025. Siphiwe Sibeko | Reuters Levi Strauss raised its full-year guidance Thursday and said it’s…
Nvidia CEO Jensen Huang delivers remarks next to U.S. President Donald Trump at an ‘Investing in America’ event in Washington, D.C., on April 30, 2025. Leah Millis | Reuters Nvidia CEO Jensen Huang will meet with President Donald Trump at the White House on Thursday, CNBC’s Megan Cassella reported. The meeting comes as Nvidia rose…
Next year, more Americans will have access to a powerful financial tool. Embedded in President Donald Trump’s sweeping budget bill are three provisions that expand access to health savings accounts — the tax-advantaged accounts available to those enrolled in a high-deductible health plan. Like a flexible spending account, an HSA is funded through pre-tax dollars…
Elon Musk (L) & Don Lemon Reuters (L) | Getty Images (R) Ex-CNN anchor Don Lemon‘s lawsuit against tech billionaire Elon Musk and his social network X over the cancellation of their partnership can proceed to trial, a San Francisco judge ruled this week. Musk’s team had tried to get the case moved to a…
