When President Donald Trump launched the "Gold Card" visa program last December, the official website promised U.S. residency in "record time." A new court filing, however, suggests that applicants who pay $1 million for a Gold Card won't get faster visas.The Gold Card, touted as a new kind of investment...
Category: Wealth
Markets are underpricing the risk of Middle East pullback in AI, says tech investor Jack Selby
A potential pullback by Middle East sovereign wealth funds could drain hundreds of billions of dollars from the artificial intelligence boom and threaten key data center projects, according to tech investor Jack Selby.Middle East investors — including sovereign wealth funds and government entities — account for roughly a quarter of...
New York’s pied-a-terre tax sets up legal fight over values
WEEHAWKEN, NJ - OCTOBER 5: The sun rises behind buildings along Billionaire's Row in New York City on October 5, 2025, as seen from Weehawken, New Jersey. (Photo by Gary Hershorn/Getty Images)Gary Hershorn | Corbis News | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter...
What $1 million buys you in real estate around the world
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...
LVMH stock drops as analysts flag luxury recovery ‘party postponed’ amid Iran war
A sign on the exterior of a Louis Vuitton luxury boutique operated by LVMH Moet Hennessy Louis SE is pictured in Paris, France, January 25, 2024. Benoit Tessier | Reuters.flourish-credit { opacity: 0.5 !important; margin: 0px !important; margin-top: -10px !important; font-size: 10px !important; }Shares of LVMH dropped Tuesday after it flagged...