A version of this article appeared in CNBC's Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.Fears of rising defaults and a systemic crisis from private credit...
Category: Wealth
Luxury stocks fall as Iran war weighs on earnings; Hermes sinks 8%
.flourish-credit { opacity: 0.5 !important; margin: 0px !important; margin-top: -10px !important; font-size: 10px !important; }A woman walks in front of the Gucci store on Fifth Avenue in Trump Tower on February 24, 2021 in New York City.John Smith | Corbis News | Getty ImagesLuxury stocks tanked early Wednesday after Gucci-owner...
The Masters has become the biggest event of the year for private jet companies
Vista House, a private home in Westlake, Georgia, sponsored by Vista Global during the Masters.Credit: VistaJetA 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.Private jet companies are...
‘Marriage penalty’ in Washington state’s new millionaire tax stirs debate
A 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.Washington state's proposed new income tax includes the largest "marriage penalty" in the nation, placing higher taxes on certain...
David Zaslav’s WBD-Paramount deal payout highlights new ‘golden parachutes’ for CEOs
Warner Bros. Discovery CEO David Zaslav's potential payout of more than $800 million from the Paramount Skydance deal highlights an obscure tax rule originally designed to limit CEO pay.According to SEC filings, Zaslav could collect hundreds of millions of dollars in severance and other stock awards and payments following Paramount's...