Smiling businessman with laptop and credit card in a restaurant in the eveningPixelfit | E+ | Getty ImagesIndia is expected to see the fastest growth in ultra high net worth individuals globally over the next few years, according to consultancy Knight Frank.Earlier this year, India's financial center, Mumbai, overtook Beijing...
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As inflation fury lingers, politicians join customers in pushing companies to cut prices
Kroger, Walmart, and McDonald's.Beata Zawrzel | Nurphoto | Brandon Bell | Getty Images | Kamil Krzaczynski | ReutersExpensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians' crosshairs.Walmart, McDonald's and Kroger are just a few of the companies...
SunPower files for bankruptcy, plans to sell off assets — stock drops more than 40%
Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023.David Paul Morris | Bloomberg | Getty ImagesThe rooftop solar installer SunPower has filed for bankruptcy, after struggling for months in the face of high interest rates and allegations of misconduct in its...
Jamie Dimon says he still sees a recession on the horizon
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a "soft landing" for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind.When CNBC's Leslie Picker asked Dimon if he had changed his view from February that markets...
Jeff Bezos’ family office is making big investments in AI
Jeff Bezos at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 10, 2024.David Grogan | CNBCA 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,...