The restauranteur behind New York’s famed Carbone said there’s been a big shift in consumer behavior with younger customers spending less on alcohol but more on high-end dining experiences. “They’re definitely health conscious. There’s certainly been a trend of drinking less,” Mario Carbone, the CEO of Major Food Group, said on “Mad Money” on Friday….
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. New York’s proposed tax on second homes worth more than $5 million is likely to spark costly legal battles over how to value…
Spirit Airlines’ accessible cash to keep operating won’t last long and a government rescue package is on the table, a lawyer for the struggling budget carrier said at a hearing Thursday. President Donald Trump later Thursday at the White House told reporters: “We’re thinking about doing it, helping them out, meaning bailing them out, or…
Citadel CEO Ken Griffin speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Citadel rebuked New York City Mayor Zohran Mamdani for singling out Chief Executive Officer Ken Griffin in a push for a new pied-à-terre tax, escalating a public dispute…
France, Provence-Alpes-Cote d’Azur, French Riviera, Alpes-Maritimes, Principality of Monaco. Marco Bottigelli | Moment | Getty Images A million dollars isn’t what it used to be — especially in luxury real estate. According to the new Knight Frank Wealth Report, $1 million buys you only 16 square meters (or about 172 square feet) in Monaco, the…
When it comes to what single Americans are looking for in a partner, their list of desired traits vary. Forty-five percent of people are hesitant but open minded about dating someone who was recently laid off, for example, according to a recent survey of 1,010 U.S. adults by matchmaking company Tawkify. For 38% of U.S….
Thousands of revelers who dressed as Santa Claus and other famous characters, participate in the annual SantaCon pub crawl on Saturday, December 13, 2025, in New York City, United States. Selcuk Acar | Anadolu | Getty Images The president of SantaCon was arrested on Wednesday on a federal criminal indictment accusing him of using the…
Specker/vedfelt | Digitalvision | Getty Images Amid the U.S. war with Iran, some young investors have gotten their first taste of market volatility. “An early decline can make the market feel unusually dangerous when volatility is a normal part of long-term investing,” said certified financial planner Douglas Boneparth, president and founder of Bone Fide Wealth, a…
U.S. President Donald Trump speaks at an event about the economy at the Circa Resort and Casino in Las Vegas, Nevada, U.S., January 25, 2025. Leah Millis | Reuters The National Republican Congressional Committee on Tuesday launched a digital ad campaign in 14 competitive congressional districts across 11 states touting GOP-led tax breaks. The campaign,…
Maine is poised to implement the first statewide ban on data center construction, a move that could clear the way for other states to adopt similar measures and pump the brakes on a growing industry. Lawmakers in Maine greenlit the text of a bill this week to block data centers from being built in the…
