Experience-led luxury spending rebounds in 2026
Experiential luxury is driving a 2026 rebound. Despite ongoing tensions in the Middle East, Bain and Altagamma forecast luxury growth of 1%
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Trump 250th July 4 speech warns of communism and voting curbs
Trump delivered a campaign-style July 4 speech on the National Mall for the U.S. 250th anniversary, urging voting restrictions, warning abou
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College payoff: Why non-degree workers are faring better
College payoff debates intensify as Pew analysis shows workers without a degree earning better than in years, while a wage premium for grads
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Supreme Court Overturns Roe v. Wade: Abortion Rights Shift
Supreme Court overturned Roe v. Wade in a 5-4 decision, ending decades of federal abortion rights. States can now set abortion laws and many
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Trump heads to Turkey for NATO summit as Russia attacks mount
Trump heads to Turkey for the NATO summit amid mounting Russian attacks in Ukraine and U.S. pressure for faster NATO defense spending increa
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Coupang Faces Discriminatory Regulation in South Korea, U.S. House Report Reveals
A House Judiciary Committee report says the South Korean government used its regulatory power to treat Coupang and other U.S. companies unfa
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Erdogan and Trump warm ties boost Turkey ahead of NATO
Erdogan’s warm ties with Trump help secure the U.S. president’s NATO Summit presence in Ankara, potentially tied to Turkey’s jet engine and
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JPMorgan's $50 Billion Buyback and Dividend Hike After Fed Stress Test
JPMorgan plans a $50 billion buyback and to lift its quarterly dividend to $1.65 per share, while Goldman also raises its dividend. Fed stre
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U.S. Charitable Giving Tops $600 Billion for the First Time: Driven by Ultra-wealthy Donors and Bequests
U.S. charitable giving has topped $600 billion for the first time, reaching $617.2 billion amid a strong stock market rebound. Bequests rose
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Federal Reserve stress test: 22 big banks pass, but the test was less rigorous
The Federal Reserve released its annual stress test results. All 22 big banks passed and remain eligible for dividends and buybacks, but thi
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New York Second Home Tax: Who Pays and How Much
New York City passed a pied-a-terre tax on nonprimary residences worth $1 million+, expected to raise $500 million. Rates change by value an
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JPMorgan CEO Jamie Dimon's retirement time is still "five years away"
JPMorgan CEO Jamie Dimon said his retirement timing is still “five years away,” and that he would announce it if a date were ever set; he al
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Generational Wealth Transfer: How Will the Next Generation Spend Trillions?
A historic generational wealth transfer is underway, with an estimated $83.5 trillion moving from baby boomers to the next generation over t
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Federal Reserve Stress Test: Major U.S. Banks Can Absorb $708 Billion in Losses
The Federal Reserve's annual stress test shows that 32 major U.S. banks can withstand $708 billion in losses under a severe recession scenar
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New York's pied-à-terre tax rules: who pays and how much
New York has approved a second-home tax (pied-à-terre tax) based on property value brackets. Starting in 2026-2027, it will first be levied
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