Prices for food, gas and travel have soared over the past year – but the rich appear to be shrugging it off and are still fueling sales at luxury companies, where sneakers can go for $1,200 and sports cars easily top $300,000. Companies that cater to the ultra-rich, including Ferrari and the parent companies of...
Despite being a multibillionaire with plans to colonize Mars, Elon Musk has surprisingly relatable daily goals. For starters, the Tesla and SpaceX CEO wants to revamp his daily routine, beginning with the moment he wakes up. In a recent interview with Full Send Podcast, Musk said he checks his phone first thing in the morning...
As a neuroscientist who studies narcissistic personality disorder, I’ve found that a child’s family dynamic is one of the most significant predictors of narcissistic tendencies, including superiority, grandiosity, entitlement and lack of empathy, in adulthood. To be clear, children and teens are naturally more selfish, not narcissistic, because their minds are still developing. So it’s...
Though marriage rates are steadily declining in the United States, the number of people who cohabitate continues to trend in the opposite direction. In 2010, 49.2% of adults cohabitated at one point in their life, and 47.4% had been married, according to U.S. Census Bureau data. Fast forward 10 years and the gap continues to...
Jain Anshu, President of Cantor Fitzgerald appears on CNBC’s Squawk on the Street at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd. 2020. Gerry Miller | CNBC Anshu Jain, an Indian-born investment banker who rose to the role of co-CEO at Deutsche Bank, died last night after a long battle with cancer,...
During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country’s economy stumbled. In May 2022, the government defaulted on its debt for the first time in history. As inflation continued to spiral out of control, with a massive shortage of...
Samsung Galaxy Z Fold 4 Samsung The head of Samsung’s mobile business, Roh Tae-moon, recently explained to The Wall Street Journal why folding phones are so important to the company’s business. Roh said in the report that Samsung’s foldable phones are attracting three times more brand switchers than Samsung’s regular Galaxy S phones. That means people...
Federal Reserve Board Chairman Jerome Powell arrives for a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Reuters It may be time for the Federal Reserve to revive the word “transitory” after all. While the first dictionary definition of “transitory,” is “of...
The House passed a sweeping tax, health and climate bill on Friday, delivering a major win for Democrats and President Joe Biden less than three months before the pivotal midterm elections. The chamber approved the more than $430 billion package by a 220-207 margin, as all Democrats backed it and all Republicans opposed it. The...
Gas station prices are seen in Bethesda, Maryland on August 11, 2022. Mandel Ngan | AFP | Getty Images There was more good news Friday for inflation, as import prices fell more than expected and brought some much-needed relief for consumers. The report capped off a relatively upbeat week for those worried about rising prices...