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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Trump sued over National Guard deployment in DC

With the dome of the U.S. Capitol in the background, members of the DC National Guard keep watch outside Union Station after U.S. President Donald Trump deployed the National Guard and ordered an increased federal law enforcement presence to assist in crime prevention, in Washington, D.C., August 19, 2025. Kevin Lamarque | Reuters Washington, D.C.,…

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