The ultra-wealthy population in China, those individuals with a net worth of at least $30 million, is projected to increase by almost 50% in the coming years. Despite facing economic headwinds and slowing growth, the number of wealthy Chinese is expected to swell to 144,897 by 2028 from 98,551 in 2023, according to a recent
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The housing market has seen a significant increase in home equity, with homeowners collectively holding more than $32 trillion in equity as of the first quarter of 2024. This marks an all-time high according to the St. Louis Federal Reserve. Average borrowers have approximately $214,000 in equity that can be leveraged, with 60% of homeowners
The sports betting industry is rapidly becoming an integral part of modern sports culture, with industry leaders predicting continuous growth in the near future. During a recent CNBC x Boardroom’s Game Plan sports business event, executives from prominent companies such as FanDuel, Fanatics, DraftKings, and Sportradar discussed a variety of topics ranging from state taxes
Nvidia shares witnessed a significant swing in their value as the day progressed, with CEO Jensen Huang’s remarks at the Communacopia conference playing a pivotal role in boosting investor confidence. The assurance regarding the demand for Nvidia’s key Blackwell chip alleviated concerns about production issues or a slowdown. Despite the positive response to Huang’s optimistic
As the election approaches, investors are bombarded with a myriad of tax policy proposals that may lead to increased stress and hasty financial decisions. The Democratic nominee, Vice President Kamala Harris, plans to introduce middle-class tax cuts while raising taxes on the wealthiest individuals and corporations. On the other hand, former President Donald Trump, the
Major League Baseball is currently undergoing a significant transformation from being a regional sport to a more national one. This shift in mentality was emphasized by MLB Commissioner Rob Manfred during a recent CNBC x Boardroom event. According to Manfred, in order for the league to grow and reach its full potential, there needs to
Foot Locker reported a surprising growth in sales for the first time in six quarters, a total of 2.6% growth in same-store sales during its fiscal second quarter. This growth exceeded the forecasted 0.7% uptick by industry analysts. The company’s CEO, Mary Dillon, credited the success to the implementation of the “Lace Up Plan” strategy
Dutch challenger bank Bunq is making headlines in the fintech industry with its ambitious growth plans. While other financial technology startups are cutting jobs, Bunq is looking to increase its global headcount by 70% this year, growing to over 700 employees. The company, operating in markets across the European Union, is set to expand into
JPMorgan Chase shares took a 5% hit after the bank’s president, Daniel Pinto, expressed concerns about the optimism surrounding net interest income (NII) and expenses for 2025. While the bank is on track to reach its 2024 NII target of $91.5 billion, Pinto believes that the estimated $90 billion for the next year is unrealistic.
As voters anticipate the first debate between Vice President Kamala Harris and former President Donald Trump, the focus will be on gaining clarity about their plans for key issues such as the economy, inflation, and job growth. One sector that is particularly feeling the impact of this uncertainty is clean energy. While the Biden administration