The next generation of family office leaders is likely to use more debt, invest in more alternatives and focus on different philanthropies, according to new studies.As family offices prepare for a sweeping generational transfer, with baby boomers and older generations handing over the reins to Gen Xers and millennials, their...
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Why popular airplanes are getting scrapped years early
GOODYEAR, Ariz. — An Airbus A320neo, one of the world's most popular planes, rolled off the Mobile, Alabama, factory line in July 2022, painted bright yellow for its next destination: Spirit Airlines. It was built to fly for decades. But this May, less than four years later, it was stripped...
The Austin Powers steamroller: How to trade CoreWeave’s slow moving crisis
In Austin Powers: International Man of Mystery, a Virtuocon guard famously stands in front of a commandeered steamroller, screaming "No!!" three times before being run over. The joke, of course, is that the hazard moved so slowly he had ample time to step out of the way.For months, equity traders...
Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom. Here’s their edge
David Solomon, CEO of Goldman Sachs (L), Jamie Dimon, CEO of JP Morgan (C), and Ted Pick, CEO of Morgan Stanley.CNBC | Getty Images | CNBCFueled by the global boom in artificial intelligence stocks, relaxed capital rules and greater lending to hedge funds, big Wall Street banks have already had...
Audemars Piguet says its Royal Pop collaboration with Swatch is breaking sales records, despite luxury watch slump and tariffs
Luxury watchmaker Audemars Piguet says its sales and engagement are breaking records after its risky, eye-catching Royal Pop collaboration with Swatch earlier this year, according to the company's CEO.Audemars Piguet in May teamed up with Swatch to launch a line of brightly colored timepieces attached to lanyards and priced at...