Private jet travel costs rise as fuel prices soar

A Gulfstream G-IV private jet on approach to Washington’s Reagan National Airport in Arlington, Virginia, June 12, 2024. J. David Ake | Getty Images As the Iran war pushes jet fuel prices higher, well-heeled travelers are facing hefty surcharges to fly private, sometimes on flights booked months prior, charter brokers and aviation insiders told CNBC….

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Trump ban on investor homebuying may sacrifice bigger real estate deal

Affordability has gone from being a dry financial term to an all-purpose hot button. Groceries, health care, child care, cars, gas — you name it, and affordability is attached to it these days. And then there’s housing, one of the stickiest issues in America’s affordability discussions.  On March 12, the U.S. Senate passed a massive housing bill addressing affordability and supply, mostly of single-family homes. The 21st Century ROAD to Housing Act, chock-full of more than 40…

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Iran war wipes out $100 billion from luxury stocks

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. Major luxury stocks have fallen 15% or more since the Iran war started, and sales in the increasingly important Middle East market could…

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