New York

A new report found that New York City is the No. 1 place for ultra-high-net-worth individuals to own a property.Alexander Spatari | Moment | Getty ImagesA 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 still leads the U.S. and the world when it comes to wealthy cities.With nearly 350,000 millionaires and 60 billionaires, the Big Apple is the richest…

Roller skating dancers at street festival, Third Ave Hub, the Bronx, 1981As a teenager, Conzo found himself at the very centre of cultural and activist movements changing the Bronx. His father was the personal confidant of Tito Puente, promoting some of the biggest salsa shows of that time; his grandmother, Evelina López Antonetty, was a community activist known as the Hell Lady of the Bronx; and Joe’s classmates at South Bronx high school were birthing the culture of hip-hop…

A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024.Joe Raedle | Getty ImagesJetBlue Airways told staff on Tuesday that it is culling a host of routes, making it the carrier's latest move to cut costs in the wake of a failed attempt to acquire Spirit Airlines and a Pratt & Whitney engine issue that has grounded some of its Airbus planes.The carrier will reduce its departures from Los Angeles International Airport from about…

A Portillo's Beef Bus in Kissimmee, Florida.Source: Portillo'sWhen Chicago-based Portillo's enters a new market, it sends its "Beef Bus" ahead of time, slinging its hot dogs and Italian beef sandwiches to new customers for weeks, introducing them to the brand and whetting their appetites before a new restaurant finally opens.Recently, the Beef Bus has been making a lot of trips to the Sun Belt."Texas, by itself, has grown more people in the last decade than eight midwestern states that we have a presence in combined,"…

Global investment bank Goldman Sachs said it sees the Nigerian naira gain more ground against the US dollar in the next twelve months. The bank projected the exchange rate of the local currency to the greenback at 1200 in the short term on the back of policy reforms that could support the currency’s recovery. In a research note issued late Thursday, the New York-based financial institution highlighted the recent upward interest rate adjustment by monetary authorities in Nigeria and a recent N1.6 trillion bill…

Elon Musk said on Wednesday that his social media platform X could soon receive approval for a money transmitter license in New York, putting the platform a step closer to offering payment features. While speaking at the Morgan Stanley technology, media and telecom conference, Musk also said X could receive its license in California in the next month or so, while getting the New York approval could be "a few months away".Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK…

NEW YORK (AP) — Children's writer Kate DiCamillo is known for beloved stories like “The Tale of Despereaux” and “Because of Winn-Dixie,” about kids and animals trying to navigate the world and make emotional connections. Her trademarks include a strong voice, humor, and a tinge of sadness. HT Image But her latest book, “Ferris” is a departure, and a surprise even for DiCamillo — the story of a happy family. Hindustan Times - your fastest source for breaking news! Read now. "People have opened their hearts to…

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021.Patrick T. Fallon | AFP | Getty ImagesIn the nearly four years since the Covid-19 pandemic upended air travel, the largest U.S. airlines have returned to profitability. The CEOs of two upstart airlines that launched in the middle of the pandemic say they're about to join them.Avelo and Breeze Airways, two low-cost carriers that debuted in 2021 when…

A container holding boxes of Mifepristone, the first medication in a medical abortion, are prepared for patients at Alamo Women's Clinic in Carbondale, Illinois, April 20, 2023.Evelyn Hockstein | ReutersCVS and Walgreens will start selling the abortion pill mifepristone this month at certain pharmacy locations in states where it is legal to do so, spokespeople for the companies told CNBC on Friday. CVS and Walgreens received certification from the Food and Drug Administration to dispense the commonly used pill at their…

The Port of Fontvieille Harbor in the Principality of Monaco.Education Images | Universal Images Group | Getty ImagesThe ultrawealthy are looking for a better lifestyle and strong investment when it comes to buying their next home, according to a new study.One-quarter of American ultra-high-net individuals, or those worth $30 million or more, plan to buy a residential property this year, according to the Douglas Elliman and Knight Frank Wealth Report. The average ultra-high-net-worth individual already owns four homes,…