Tag Archives: Wealth

Here’s why cryptocurrency crashes on weekends

Jack Taylor | Getty Images News | Getty Images Cryptocurrency is known for volatility and some experts say crashes tend to happen on weekends. “This has been a phenomenon in crypto for several years,” said Stephen McKeon, associate professor of finance at the University of Oregon in Eugene, and partner at Collab+Currency, a cryptocurrency-focused investment […]

After a dramatic seven-year renovation, an $87 million mansion hits the market in Bel-Air

A view of the driveway leading to the residence at 777 Sarbonne Road in Bel-Air, California. Joe Bryant / Aaron Kirman Group Seven is a magical number for one of Bel-Air’s priciest spec homes. The glass and marble palace located at 777 Sarbonne Road in Los Angeles hit the market last month with an asking […]

Wealthy investors are worried about inflation, CNBC millionaire survey shows

Shoppers maintain safe distance in a checkout line in Torrance, Calif. Al Seib | Los Angeles Times | Getty Images The coronavirus pandemic is subsiding, but the new normal might not look the same as 2019. One reason why: The prices of some goods and services have crept up due to inflation and could continue […]

Why you may want to use your airline points sooner rather than later

People ready to fly again may want to prioritize redeeming their airline miles, rather than trying to earn new ones. A glut of unused reward miles may push airlines to change their frequent flyer programs in ways that could disadvantage some customers, warns ValuePenguin, one of LendingTree’s financial research websites.  A review of annual filings […]

Financial advisors feel pull of cryptocurrency wave as more clients express interest

When the market was crashing in March 2020, financial advisor Ivory Johnson, founder of Delancey Wealth Management, decided it was time to introduce cryptocurrencies to his clients. “I did it because I saw how active the Federal Reserve was and how much they were diluting the dollar,” which would be incredibly inflationary, Johnson said. A […]

Owning a racehorse in the Belmont Stakes is more attainable as fractional ownership platforms grow

Kevin Richardson grew up in West Baltimore and credits horse racing with keeping him out of trouble. He started out cleaning stalls and worked his way up to be an assistant trainer. His love of the sport made him want to be an owner and today he brags of owning shares in 25 horses. “To […]

The 50 best bars in Asia: This year’s list is again dominated by two cities

Asia has more than 30 cities with populations greater than five million people, yet only two can lay claim to the top bar on Asia’s 50 Best Bars list. Every year since the list’s inception, the continent’s best-ranked bar has been in either Hong Kong or Singapore. The annual ranking is organized by William Reed […]

AMC CEO Adam Aron’s wealth soared by more than $200 million from retail investor rally

AMC Entertainment CEO Adam Aron has seen his wealth soar by more than $200 million since the start of the year thanks to a retail-investor fueled rally, according to securities filings. The theater chain, which has become a favorite of retail investors and social media message boards, has seen its stock surge by more than […]

Biden’s proposed 39.6% top tax rate would apply at these income levels

Tasos Katopodis | Bloomberg | Getty Images (By comparison, the 37% top individual rate applies to income exceeding: $523,600 for single filers and heads of household, $628,300 for married joint filers, and $314,150 for married separate filers.) The 39.6% top rate would kick in during the 2022 tax year, according to the proposal. (That means […]

Cryptocurrency poses a significant risk of tax evasion

R.Tsubin | Moment | Getty Images Crypto tax evasion But just how does cryptocurrency lead to tax evasion? It largely comes down to lax reporting requirements, according to tax experts. The IRS may not be able to trace crypto income or transactions if they go unreported by exchanges, businesses and other third parties. And that […]

Rolls-Royce launches the ‘most ambitious’ car it’s ever created

Detail of the new Rolls-Royce Boat Tail on May 27, 2021, unveiled by Rolls-Royce CEO Torsten Muller-Otvos at the Home of Rolls-Royce in Goodwood, West Sussex, England. Jeff Spicer | Getty Images Entertainment | Getty Images Rolls-Royce Motor Cars on Thursday unveiled the Boat Tail, a luxury vehicle model it has dubbed “the most ambitious […]

With Art Basel Hong Kong and Eurovision in the same weekend, the global arts scene signals a return

With two major cultural events held last weekend, the international arts scene signaled it has no intention of letting yet another year get canceled by Covid.   Art Basel Hong Kong, which took place from May 19-23, marked the return of one of the world’s most venerated art fairs. The show came on the heels […]

Wheels Up revenue surges 68% amid robust demand for private jet travel

Wheels Up is a new airline travel company co-founded by Bill Allard who stands in front of a new Beechcraft 350i King Air turbojet plane with only 30 hours on it. John Tlumacki | The Boston Globe | Getty Images Private jet company Wheels Up reported a 68% jump in first-quarter revenue and 56% increase […]

Going remote in Italy: How to get out of the cities and into the countryside

What’s a trip to Italy without exploring the vaulted passages of the Colosseum, skipping down the Spanish Steps and staring up in wonderous rapture at the Vatican’s Sistine Chapel? “Absolutely relaxing,” said Margherita Migliorini of Villa di Capannole, a luxury accommodation in the Tuscan countryside. Her family has owned the villa — which used to […]

Summer travel is returning: Here’s who’s booking and where they’re going

With vaccines rolling out across across the world, travelers want to reclaim something most gave up during the lockdown era: the summer vacation. Travel searches are surging, and bookings aren’t far behind. But it isn’t happening uniformly across continents. Here’s who is booking, where people are traveling, and what’s beckoning travelers from their homes again. […]