Author: franperez66q@protonmail.com
France, Provence-Alpes-Cote d’Azur, French Riviera, Alpes-Maritimes, Principality of Monaco.Marco Bottigelli | Moment | Getty ImagesA 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 world’s most expensive luxury market as measured per meter. That’s down from 17 square meters (182 square feet) in 2020.In Hong Kong, which ranks second, $1 million gets you 22.5 square meters, or about 242 square feet. New York looks downright affordable next to London, Singapore and Geneva,…
Electrolux plans about $1 billion share issue, tie-up with Midea in North America to shake up ops Source link
Meta CEO Mark Zuckerberg leaves the Federal Courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial in Los Angeles, United States, on February 19, 2026.Jon Putman | Anadolu | Getty ImagesMeta will lay off 10% of its workforce, equating to about 8,000 employees, as it continues investing heavily into artificial intelligence, the company confirmed on Thursday.The social media giant will initiate the job cuts on May 20, and is scrapping plans to hire people for 6,000 open roles, according to a Thursday memo to employees that Bloomberg News first reported on. Meta’s latest…
In a phone interview with the BBC’s North America editor, the president discussed next week’s visit and his relationship with the UK PM. Source link
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.Kevin Warsh can credit more than $100 million of his vast fortune to a lucrative regulatory carveout that favors family office executives and investment professionals, family office attorneys told Inside Wealth.While single-family offices are widely understood to only manage family members’ assets, a little-known exception allows certain employees to invest with the ultra-wealthy families they work for. Warsh’s recent financial disclosures are putting the carveout on display. The Federal…
American Airlines rejects United merger, explores deeper Alaska ties Source link
At launch, the i7 will be available in 50 xDrive and 60 xDrive strengths, with dual-motor powertrains tuned for 449 hp (335 kW) and 487 lb-ft (660 Nm) and 536 hp (400 kW) and 549 lb-ft (745 Nm), respectively. BMW reckons the i7 60 xDrive will do zero to 60 mph (97 km/h) in 4.6 seconds, while the 50 xDrive will do the same in 5.3 seconds. BMW continues to offer adaptive regenerative braking that varies the level of regen based on navigation data and the speed of cars ahead, as well as a coasting feature for increased efficiency at…
A tablet screen displays a portrait of Jeffrey Epstein beside the U.S. Department of Justice website page titled Epstein Library, Feb. 11, 2026.Veronique Tournier | Afp | Getty ImagesThe Department of Justice’s internal watchdog said on Thursday that it is investigating the DOJ’s compliance with a law requiring that it fully disclose department files about the notorious sex offender Jeffrey Epstein.The audit by the Office of the Inspector General comes after months of complaints that the DOJ has failed to comply with the Epstein Files Transparency Act by withholding many files in its possession about Epstein and his convicted accomplice,…
Jet fuel shortages threaten to disrupt the upcoming summer travel season as the conflict in the Strait of Hormuz intensifies. Nurphoto | Nurphoto | Getty ImagesPeak travel season is almost here, but the International Energy Agency’s head told CNBC that Europe may struggle to meet surging jet fuel demand as the Middle East crisis continues.The IEA’s chief Fatih Birol said that Europe needs to secure alternative sources of jet fuel as the Strait of Hormuz, which previously carried roughly 20% of the world’s oil supply, remains closed.”In August, jet fuel demand is about 40% higher than in March, so demand…
The Trump administration moved Thursday to reclassify cannabis under federal law, which could significantly expand scientific research into the drug’s medical uses. The change would not legalize the drug at the federal level, but shift cannabis from its current status as a Schedule I substance to Schedule III under the U.S. Drug Enforcement Administration’s controlled substances framework. In a release, the Department of Justice said it will immediately move FDA-approved products containing marijuana along with items regulated by a state medical marijuana license to Schedule III. It also announced an expedited hearing in June to consider the formal reclassification of…